IWG accelerates investment in serviced office properties

IWG, the serviced office group formerly known as Regus, said it has accelerated investment activity since its trading update earlier in May.

Investment has included acquisitions of "a number" of freehold and long-leasehold properties which have existing flexible workspace operations.

IWG said based on current visibility, there would be £230m net growth capital expenditure for calendar 2017, from investmentin roughly 280 locations and 4.8m square feet.

The FTSE 250 group's financial expectations for the year remain otherwise unchanged.