IWG Expands Footprint in Hungary With 2 New Locations

Office Market

Regus Budapest Center

International Workplace Group (IWG) is expanding its footprint in Budapest and Debrecen, Hungary with the addition of two new workspaces planned for 2024.

The addition of IWG’s two latest locations comes on the heels of the business posting its highest ever half-year revenue and achieving rapid network growth with 612 locations added globally between January and September 2023, the company tells the Budapest Business Journal. This demand from companies of all sizes and workers looking for hybrid working solutions means IWG will add 1,000 new locations over the course of the next year.

Spaces River Part – set to open July 2024 – is located in a class "A" office building on the riverbanks of Budapest. Spanning 5,400 sqm, the new flexible workspace will offer the working community of Budapest modern private offices, dynamic meeting rooms, coworking, and creative spaces.

Regus Debrecen will provide a new hybrid workspace from the second-largest airport in Hungary. Launching in August 2024, Debrecen International Airport will open 1,400 sqm of flexible workspace with all the amenities customers could need at their fingertips.

The building owners decided to invest in the IWG platform to maximize the return on their real estate space by capitalizing on the rapidly expanding demand for hybrid working, the company says. With an annual investment of around GBP 50 mln into its technology platform, IWG provides partners with access to all the company’s expertise as well as design and fit-out support and sales and marketing capabilities.

Mark Dixon, CEO & founder of IWG commented, “Hungary is an important area of focus for us with significant growth potential. We are very pleased to open these two new locations and many more will follow as the popularity of hybrid working continues to soar. We are very pleased to work in partnership with our esteemed partners to develop the Regus and Spaces brand under management agreements that will add cutting-edge workspaces to their buildings.”

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