IWG, a worldwide flexible workspace provider and operator of Spaces and Regus, has signed multiple new franchise agreements in the London suburbs to meet up growing demand for hybrid work also to give more commuters the opportunity to work nearer to home long-term.
The brand new deals concentrate on outer city commuter zones in London, where 15 new centres are set to open over the North now, East and south of the administrative centre. Demand for IWG workspaces in certain suburban hotspots such as for example Ealing and Chiswick surged by around 200 % in the initial quarter of the year set alongside the same period in 2020. The surge in suburban demand is evidence that almost six in 10 people now want a commute shorter than half an hour.
Julian Chambers, Head of Franchise at IWG – UK & Ireland said: year has seen the whole planet take on the biggest flexible working experiment and today “Days gone by, people want to retain the best elements of working near home. Gone will be the days when professionals wouldn’t bat an eyelid at a two-hour commute during rush hour. What we have been seeing is really a permanent shift to how and where we work.
“The demand for flexible workspaces shows no signs of slowing, not in London but over the UK just. There’s a huge chance of franchise investors to utilize this and be an integral part of the remote working revolution.”
North London gets a flexible working upgrade with WG1
IWG’s latest partnership is really a 10-year cope with WG1 Offices Limited that may bring flexible work place to areas across North London, stretching from Bethnal Green to Camden.
James Wright, CEO of WG1 comes with an extensive background in commercial property financing and investment and you will be heading up this new offering in North London along with his business partner and Director of WG1, Jamie Graham who holds a qualification in real estate and contains an abundance of experience in launching their own businesses in property and e-commerce.
James Wright, CEO of WG1, commented: “With working at home now firmly area of the norm, some think that the working office once we know it really is dead however in fact, it’s flexing, and we have to adapt with it. Whilst headquarters could have their place as a hub for meetings and collaboration still, desk-based tasks could be completed much nearer to home and in flexible locations. We’re excited to spotlight North London specifically as that’s where we’re seeing a growth in unmet demand amongst young professionals.”
A partnership with Pluto Workspace in South London
A recent cope with Pluto Workspace targets five new centres in the suburbs of South London, stretching from Wandsworth across to Greenwich. This partnership is really a first rung on the ladder into franchising for Kashyap Pindoria of Pluto Workspace having spent the final 10 years buying the commercial and residential property space.
Kashyap Pindoria, Managing Director at Pluto Workspace, commented: “Property investment is really a real passion of mine and I’d considered exploring franchising never, until now. The pandemic has changed the facial skin of commercial property and already completely, companies are re-evaluating their city centre headquarters and so are looking at solutions which will offer staff a shorter commute. It’s a trend that isn’t going anywhere and knowing the amount of professionals who commute in to the city from South London, the demand for workspaces beyond Zone 1 is only going to continue steadily to grow.”
Cutting the commute for workers in East London with Seedspace
A partnership with Seedspace will dsicover five new flexible workspace centres open across East London suburbs from Canning Town across to Dagenham or more into a number of the popular Essex commuter towns. Manjit Singh of Seedspace has extensive experience as a Driver Hire franchisee in North London and you will be concentrating on bringing flexible workspace to commuter zones in London. In 2017, of the entire year award at the London Asian Business Awards he took home the prestigious Franchisee.
Manjit Singh, Managing Director at Seedspace, said: “Unlike industries such as for example hospitality or travel, the business enterprise opportunity around flexible workspace has prospered within the last year due to changes to how exactly we live and work. The surge popular for IWG centres in outer London does indeed show that demand will there be for high-quality work place nearer to where people live. I’m excited to talk about what we’ve planned for East Essex and London on the next few years.”