Singapore – IWG, one of the world’s leading providers of flexible workspaces, announced its Spaces brand expansion plans to open five new locations in Singapore by mid-2019 offering a total of 250,000 square feet (roughly the size of six football fields) of co-working space for all sizes of businesses and individuals. The new Spaces locations in Robinson Road, One Raffles Place, TripleOne Somerset, Paya Lebar Quarter and Clarke Quay will add to its existing regional network of 23 locations across Asia Pacific.
Spaces, the Amsterdam-born creative workspace provider, selected Singapore as the first market to kickstart its global expansion in Asia Pacific outside of its European roots, with the opening of Spaces at City Hall (a 26,000-square feet area located at 410 North Bridge Road) in September 2016. In just 20 months, Spaces has established firm presence across the region with 23 locations in China, Japan, India, South Korea, Hong Kong, Taiwan, Thailand, Philippines, Australia and New Zealand.
Spaces is expanding to all Central Business district (CBD) locations worldwide driven by high demand from their customers. According to an IWG Global Business Survey, it was found that 86 percent of Singaporeans now work from outside their offices and 78 percent said that flexible workspaces help drastically reduce set-up costs and the need for capital investment.