Regus eyes outer London for new office sites as central rents soar

Comments Off on Regus eyes outer London for new office sites as central rents soar

The firm, which has 2,269 centres in 104 countries, plans to invest £120 million on 400 new sites this year across the globe.

This follows the group entering 166 new towns and cities in 2014.

Around 30 new locations will be in outer London with chief executive Mark Dixon singling out Barnet, Bromley, Croydon and Wimbledon as targets.

It currently has over 2 million members with clients ranging from Google and Twitter to small- and medium-sized companies.

 

He said: “We are seeing more people and companies looking to work closer to home as well as seeking cheaper rents.”

Full-year 2014 pre-tax profit rose 7% to £87.1 million, despite being held back by sterling strength.

Total dividend was 4p a share, up from 3.6p, and Dixon was positive over the company’s future given the continuing expansion in the office rental market.

The firm’s shares dipped nearly 6% to 227p, in part due to investors cashing out.

Source Article from http://www.standard.co.uk/business/business-news/regus-eyes-outer-london-for-new-office-sites-as-central-rents-soar-10082571.html

March 3, 2015 |
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