Flexible workplace company International Workplace Group (IWG) is set to double its footprint in Nigeria by the end of 2025, signaling a firm commitment to one of Africaโs fastest-growing economies. The company plans to grow from 10 to 20 locations nationwide, responding to surging demand for adaptable, tech-enabled work environments, according to The Sun.
Operating well-known brands like Regus and Spaces, IWG will launch seven new state-of-the-art centers before December 2025. This next phase of growth will take the company beyond Lagos and Abuja into new markets including Owerri and Kano, adding 4,780 square metres of premium workspace to its portfolio.
Four of the new locations โ under the HQ brand โ stem from a strategic portfolio agreement with Alternative Bank, a subsidiary of Sterling Bank. The partnership aims to meet the rising appetite for high-quality coworking and serviced offices across sectors like finance, tech, and creative industries.
These new centers will offer a mix of private offices, collaborative coworking spaces, and meeting rooms, targeting both established enterprises and agile startups.
This Nigerian rollout follows a record-setting year for IWG globally. In 2024, the group signed 899 new locations and posted all-time high revenues and earnings. CEO and founder Mark Dixon emphasized the strategic importance of Nigeria in IWGโs international growth strategy. Last month, the company also announced plans to double its presence in Kenya.
As trends like hybrid work reshape global office culture, industry forecasts predict that 30% of commercial real estate will be dedicated to flexible spaces by 2030. Research shows this model can improve productivity by 11% and cut costs by up to $11,000 per employee annually.
