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IWG continues to grow global network, franchised locations more than double

IWG

February 25, 2022: Flexible workspaces provider, IWG, announced that it has more than doubled the number of new franchised centres around the world in 2021 compared to 2020.  

According to a press release issued by the company, IWG’s overall results show a marked increase on the previous year’s figures, with a total of 29 deals signed and 150 territory commitments made. This compares to 15 deals signed and 67 new territory commitments in 2020. In 2021 alone, IWG added over two million new customers to its global network of flexible workspaces. 

In H2, 86 new centres were added to IWG’s global network as part of 12 new franchise agreements in 2021. This compares to eight new deals and 38 new centres agreed during H2 2020, which includes first-time deals in USA, India, Scotland, Italy, Malaysia and Spain.

Mark Dixon, Founder & CEO of IWG commented: “We are continuing to see extraordinary levels of demand in hybrid working solutions, as evidenced by our strong growth throughout 2021. Last year was an incredibly successful year for our franchise partnerships, as more businesses commit to hybrid models. As this growth continues, we look forward to adding thousands of locations to our network, bringing asset-light hybrid working solutions closer to where employees are based.”

In H2 IWG entered into a Joint Venture with Hysan Development in Hong Kong. The JV will acquire and operate IWG’s 32 existing locations across the Greater Bay Area, and will continue to expand the business presence of IWG’s brands in the vast and growing workspace market in the region. 

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