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Nexudus - Waste of Space? (Orange)
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In The Loop: IWG Profits Warning, EV Hive’s Rebrand, And Singapore’s Growing Market

Cecilia Amador de San JosébyCecilia Amador de San José
June 30, 2018
in Business
Reading Time: 2 mins read
A A
June

Regus’ holding company, International Workplace Group (IWG), issued this week a profits warning

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[ezcol_1quarter][/ezcol_1quarter] [ezcol_3quarter_end]
IWG’s Profits Warning
Regus’ holding company, IWG, share price fell this morning after the company warned profits would be lower than previously expected. According to a City a.m. article, “the UK-listed flexible workspace blamed a ‘weak performance’ in the UK, along with  an expansion drive which has caused higher costs.”[/ezcol_3quarter_end]

[ezcol_1quarter][/ezcol_1quarter] [ezcol_3quarter_end]
EV Hive Rebrands To COCOWORK
The Indonesia-based coworking operator, EV Hive, announced this week that it is rebranding as COCOWORK. The news comes shortly after raising $20 million to power its growth and expansion plans. The name, according to a press statement, “derived from the words community, collaboration, and workspace, which reflects its (the company’s) commitment to its core premise as a coworking space.”[/ezcol_3quarter_end]

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UltraSoftBIS Work Smarter, Not Harder

[ezcol_1quarter][/ezcol_1quarter] [ezcol_3quarter_end]
Singapore’s Flexible Office Market Jumped 17%
Asia is one of the fastest growing flexible workspace markets. The Singapore Business Review reported this week that the demand for serviced workspaces in Singapore has seen a 48% increase this year and that the number of centres in North Singapore alone jumped by 33%. Though desk rates continue to be lower in the area compared to other cities, the Singapore market is expected to continue growing. [/ezcol_3quarter_end]

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Cecilia Amador de San José

Cecilia Amador de San José

Cecilia is an experienced writer and editor with a background in strategic communications. She has written articles for Allwork.Space on several topics, including the future of work, flexible workspaces, employee wellness., and more.

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Singapore Just Became The Most Expensive Place In Asia-Pacific Region To Rent Flexible Office Space
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Singapore Just Became The Most Expensive Place In Asia-Pacific Region To Rent Flexible Office Space

byAllwork.Space News Team
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Singapore leads APAC flex pricing as global operators expand and demand shifts toward premium space.

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