IWG Opens New Regus Centre in Lincoln, as Demand for Hybrid Working Rises

• Cromwell House is an impressive Regus workspace complete with co-working spaces, private offices, meeting rooms and creative spaces

• New location is part of the drive to provide top class facilities in in a wide variety of locations as hybrid working becomes a reality for more workers

• This opening is the second IWG location with franchise partner Celvista Limited, who has invested in the IWG platform to create a branded flexible workspace in their building

• The location is a key milestone in IWG’s plan to add 1,000 new locations globally over the next year

IWG, the world’s largest provider of hybrid working solutions with brands including Spaces and Regus, is opening a state-of-the-art flexible Regus workspace in Lincoln as the demand for hybrid working rapidly accelerates. This centre, opening March 6th 2023, is being delivered in partnership with Celvista Limited, who chose to sign with the IWG flexible workspace platform and has its second franchise location, following the successful opening of their first centre in Leicester.

Unprecedented demand from companies of all sizes and workers looking for hybrid working solutions means IWG will add 1,000 new locations over the next year. Hybrid working offers companies a significantly lower cost base with an average saving of £8.1k per employee.

Lincoln is one of the Midlands’ fastest growing regional locations. Demand for high-quality workspaces in the area has performed strongly, with the number of enquiries in Lincoln for space in IWG locations continuing to sharply increase. By opening such centres, workers will be able to enjoy high-quality local flexible working centres, enabling them to reduce commutes and spend more time in communities.

The building owners decided to invest in the IWG platform to maximise the return on their real estate space by capitalising on the rapidly expanding demand for hybrid working. With an annual investment of around £50m 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.

The new Regus location will include 63 offices, ranging from single person offices up to offices for 12+ employees. The centre will also boast a large business lounge, glass-fronted meeting rooms, a co-working area and ample tea and coffee areas.

Situated just off Tritton road, a major thoroughfare for Lincoln, this new location is part of a drive by IWG to meet the sharply rising demand for top class flexible working space in the area. Cromwell House is close to the City’s retail parks with easy access to pubs, restaurants, and tourism hotspots, allowing clients to connect with fellow co-workers.

IWG is the world’s leading provider of flexible workspace – with 3,500 locations in more than 120 countries with members able to access all of the locations and business services via the IWG app.

As the ongoing shift towards hybrid working accelerates, conventional office occupancy will continue to fall as businesses require less traditional space and turn to flexible workspace instead. In 2022, IWG welcomed hundreds of new partner locations and is on track to add around 1,000 over the course of the next year. IWG already counts 83 per cent of Fortune 500 companies among its customer base.

Mark Dixon, CEO & Founder of IWG, commented: “We are establishing a stronger and much-needed footprint in the East Midlands with this latest opening. As an important business hub, Lincoln is a fantastic place for us to boost our expansion plans. The need for high-quality flexible workspaces continues to soar as hybrid working becomes the new normal.

“Our opening in Lincoln comes at a time when more and more companies are discovering that flexible working boosts employee happiness and satisfaction, while helping the environment. Our workplace model is also proven to increase productivity and allows for a business to scale up or down at significantly reduced costs.”

IWG’s multi-brand expansion strategy is designed to appeal to every type of business and entrepreneur. IWG creates personal, financial, and strategic value for businesses of every size, from some of the most exciting companies and well-known organisations on the planet, to individuals and the next generation of industry leaders. All of them harness the power of flexible working to increase their productivity, efficiency, agility, and market proximity.