News Article Budapest flex IWG office
by Property Forum | Office

Flex office services provider IWG continues to grow its presence in Hungary, reaching a total of 25 locations by the end of 2024, including 18 overall in the capital.

The IWG brands - Regus, Spaces and HQ – expand their presence in Hungary, with seven workspaces across Szeged, Pécs, Debrecen, Budaörs, Biatorbágy and Szentendre, as well as 12 locations in Budapest. The company has announced a further 6 new locations in Budapest which will be opened in the coming months.

IWG achieved its highest revenue in its 35-year history. The company saw a 34% increase in EBITDA, reaching £403 million, led by a combination of higher revenues and a focus on cost efficiency.

In the managed and franchised business segment, IWG witnessed a 129% increase in contract signings, with a record 117,000 rooms signed during the year. Last year, IWG added 867 new locations to its network - almost double the previous year - with 95% of these being delivered through managed partnership agreements.