IWG adds 20 Cecil Street to flexible office space portfolio

By Charlene Chin / EdgeProp Singapore | June 22, 2021 7:16 PM SGT
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SINGAPORE (EDGEPROP) - Flexible workspace operator IWG has added PLUS Building at 20 Cecil Street to its office space portfolio under its Regus brand. (See also: IWG’s ambitious growth plans)
PLUS Building - EDGEPROP SINGAPORE
Flexible workspace operator IWG adds PLUS Building at 20 Cecil Street to its office space portfolio (Credit: Colliers)
The workspace spans two floors of about 22,000 sq ft and is a result of “increased demand within the CBD as more organisations turn to flexible workspace,” comments Paul MacAndrew, country manager Singapore & Hong Kong at IWG.
Colliers Research expects that key flexible workplace operators will continue their expansion at a moderate pace, driven by a wave of changes and disruption in the workplace due to the pandemic.
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“As a result, occupiers are likely to rationalise their portfolios and leverage the flexible workspace sector as part of their corporate real estate strategies, fueling the continued growth of the sector,” it states.
Check out the latest listings near PLUS Building
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