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IWG is looking into closing some of its locations in Australia’s CBD to focus on growing demand in suburban areas.
The flexible office operator indicated that its annual results in August is forcing it to reevaluate its portfolio in the wake of the ongoing pandemic.
Now, the company’s Australian portfolio will likely see closures in areas such as Melbourne and Sydney. This is part of the firm’s plan to accommodate businesses of all sizes and meet growing demand from professionals wanting to work closer to home.
Just recently, IWG signed its first franchise deal with the Adams Group to open 10 Regus locations in Queensland.
