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.
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