This announcement follows the company's mission to provide top-class workspaces in a wide variety of locations, as hybrid working becomes a reality for more workers.

The addition of these new locations come on the heels of the business posting its highest-ever quarterly revenue, achieving rapid network growth witharound 900 locations added globally in 2023..

Set to open in Lisbon, Spaces Oriente will provide an impressive 2,923 sqm flexible workspace, complete with co-working spaces, private offices, meeting rooms and creative spaces. Reaching a total of 15 locations in the Southern region, IWG is also opening Regus Dom João V in Lisbon, a 1,030 sqm workspace designed to provide a working environment for limitless creativity and productivity. Further North of the country, Regus Porto Bom Sucesso will also be opening, providing 1,036 sqm of cutting-edge amenities for businesses of all sizes. Opening throughout early 2024, the new locations will provide the working communities of Lisbon and Porto upscale workplaces, with vibrant coworking areas, modern private offices and dynamic meeting rooms.

With the demand for hybrid work solutions continuing to grow, IWG is seizing the opportunity to acquire new locations across Portugal at a fast pace. According to the Instituto Nacional de Estatística (INE), the hybrid working model is already the most preferred amongst the Portuguese workforce, with 40% of employees able to alternate between their company headquarters, a local office and home. This working model continues to inspire multinationals, as well as small companies who are looking to work smarter, improve productivity and avoid unnecessary commutes.

“We are establishing a stronger and much-needed footprint in the Portugal with these latest openings. This year, we’re working to open in new cities, suburbs and throughout the country. As important business hubs, Lisbon and Porto are fantastic places for us to boost our expansion plans. The need for high-quality flexible workspaces continues to soar as hybrid working becomes the new normal. We are very pleased to work in partnership with our esteemed partners to develop the Regus and Spaces brands under management agreements that will add cutting-edge workspaces to their buildings.” Mark Dixon, CEO & Founder of IWG, highlighted.

IWG is working with property owners and investors to expand our partnership model and are actively looking for new partners across the country. Partnering with us allows property owners and investors to boost the return on their real estate space, by capitalising on the rapidly expanding demand for hybrid working. IWG provides support throughout the process, including the use of our market leading technology platform, along with access to the company’s expertise in design and fit-out, as well as sales and marketing capabilities with more than 100,000 enquiries generated globally every month.

With explosive market growth as companies of all sizes adopt hybrid working for the long-term, it is predicted that 30% of all commercial real estate will be flexible workspace by 2030. With IWG, partners are able to capitalise on this fast-growing sector, while being supported by IWG unparalleled experience. Hybrid working offers companies a significantly lower cost base with an average saving of $11k per employee. Furthermore, this work model has been gaining large support in recent years due to its relevance in the ESG agenda. Cutting down on the commute is the single biggest thing companies can do to reduce their carbon footprint, as experts have shown the journeys made by car are equivalent to a carbon footprint of 3.2 tonnes of CO2 per person per year.

IWG's multi-brand expansion strategy is designed to appeal to all types of companies and entrepreneurs. IWG creates personal, financial and strategic value for companies of all sizes, from the most recognized on the planet, to individuals and the next generation of business leaders. All of them harness the power of flexible working to increase their productivity, efficiency, agility and proximity to the market.