IWG Owner Mark Dixon Plans Ambitious Expansion
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Currently operating approximately 400 centres in the UK, Dixon envisions scaling up to 2,500 centres over the next five to six years.
IWG, owners of the Basepoint brand, renowned for its flexible working solutions, is actively scouting locations nationwide, ranging from city centers to suburban areas.Over the past year, IWG has already opened 65 new centers in the UK, spanning from high-end, Art Deco-style workspaces in London to locations outside major cities.
Despite challenges in the flexible working industry, including WeWork’s bankruptcy, IWG remains resilient, having capitalized on opportunities to acquire WeWork locations globally. Analysts anticipate IWG to benefit from WeWork’s downfall in the long run, positioning itself for continued growth and market leadership in the flexible workspace sector.
Dixon’s ambitious targets have garnered skepticism from some industry rivals, but he remains steadfast in his belief that the narrative of a full return to the office is overstated. He contends that individuals’ aversion to commuting will play a more significant role in shaping their workplace choices than corporate directives.
The recent news of this substantial expansion aims to bolster IWG’s presence significantly as it gears up for a potential listing on the New York Stock Exchange.