Hybrid working is now becoming the new work paradigm of the 21st century, with employees being given the option to alternate between home, a nearby workspace or a central HQ for work. IWG, the world’s largest provider of flexible workspace is opening two new centres – Spaces Exchange 106 and Regus Bukit Bintang City Centre – as part of its network of more than 3,300 locations globally, to meet the growing demand for hybrid work solutions.
Accelerated by the pandemic, organisations of all sizes are increasingly appreciating the benefits of the hybrid work model with vastly reduced commutes for employees and an improved work-life balance.
According to a recent study by IWG, 77% of employees said that a workplace closer to home is a must-have for their next job move. The desire to work closer to home has sparked an adoption of hub and spoke, where they mainly operate from the main office (hub) with further satellite offices or workspaces (spoke) for employees to have a professional place of work within reach of home.
Vijayakumar Tangarasan, Country Head for IWG Malaysia said, “We’re delighted to welcome Spaces Exchange 106 and Regus Bukit Bintang City Centre as IWG’s 39th and 40th workspaces in Malaysia, further strengthening our network to meet the growing demand for hybrid work solutions.”
The Hybrid Working Model
Since the onset of the pandemic, hybrid working has been embraced by millions worldwide and IWG has seen its network rapidly expand adding more than two million new users. Additionally, IWG has signed its largest ever enterprise deals with the likes of NTT for 300,000 employees and with Standard Chartered for 95,000 employees.
The shift to hybrid enables companies to scale back their owned or leased property, reducing their overheads and providing them with the agility that traditional contracts can’t match.
Hybrid working is better in many ways, especially for the people in the organisation, planet and the company’s bottom line. Not only does hybrid working improve work-life balance, but it can also bolster productivity. IWG’s Global Workspace Survey highlighted that 89% respondents said hybrid working allows businesses to become more productive.
With an increasing footprint in the heart of local communities, the use of local flexspaces can play an instrumental role in reducing carbon emissions from vehicles.
Spaces Exchange 106 & Regus Bukit Bintang City Centre
Spaces Exchange 106 is located on the 23rd floor of one of the top 10 tallest office buildings in the world. Offering 3,559 square metres of customised, flexible workplace solutions, the modern workspace offers a sense of grandeur with its elegant reception and lobby, further complemented by its inspiring 360-degree panoramic view of Kuala Lumpur. Situated at the centre of Malaysia’s new financial district, Spaces Exchange 106 fits 124 private offices and 3 meeting rooms and comes equipped with breakout areas and high-speed WiFi for businesses to work at their best capacities.
On the other hand, Regus Bukit Bintang City Centre is located near one of Kuala Lumpur’s busiest crossroads and is a short walking distance from major public transport links. Officially launching in February 2022, the workspace is fitted with private offices and meeting rooms, alongside ample breakout areas to allow employees to seamlessly move between work and leisure. Thanks to its strategic location, attractions such as a cinema, concert hall, shopping centre, parks and restaurants are all located nearby.
The addition of both workspaces expands IWG’s portfolio in providing end-to-end solutions for its members in the country and meeting the demand for professional and flexible workspace. Additionally, members of Regus co-working spaces are given access to more than 3,300 flexible workspace locations in 1,100 cities worldwide, with numerous facilities to support business needs, including IT support, reception and virtual office service.
For more information about Regus and Spaces, please visit www.regus.com.my and https://www.spacesworks.com/.
