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