Aggressive Expansion Plans for Regus as Occupancy Levels Rise

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Regus, the UK’s largest serviced office operator, is setting out on an aggressive expansion campaign after seeing a dramatic rise in occupancy levels at its flexible office business centres during the first half of the year.

Occupancy levels at the group’s international business centres have seen record highs and in the UK levels have grown steadily with an average occupancy at mature centres now at 84.4% compared to72.7% last year.

Shares in Regus have jumped from 3 p to 67.6 p after impressive interim results were announced with a recorded pre-tax profit of ÂŁ13 million in the period from January to June.

Regus is now planning a major international expansion over the next three years with an ambitious aim of managing 2000 properties worldwide.

Chief executive Mark Dixon has said that the growing trend for businesses looking for flexible office space has put the company, which has recently been restructured, well on line for expansion with the “financial capacity” to see it through.

Regus currently manages 158 serviced office centres in the UK.

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