Regus’ figures on the up

In a strong sign of the health of the serviced office market, major player Regus has seen its profits more than double. The figures reveal an eye watering 133% profit rise to £32.2 million for the first half of the year.

Revenue generated per average occupied workstation increased by 1.3% to £3,800.

Mark Dixon Regus (founder) who owns 34% of Regus attributed much of the growth to satellite towns surrounding the Capital, as companies avoided London due to the Olympics. “Overall London was affected but we picked up business out of town as people decided to work closer to where they live.”

Search Office Space’s experience was slightly different, “We found the demand for serviced offices in central London held up well during the Olympics,” said a spokesperson.

Announcing future plans for expansion Mark Dixon revealed Regus was about to move into Rwanda. “Africa is the place to be at the moment” he commented.

[caption id="attachment_1481" align="aligncenter" width="275"] London offices - SOS saw no let up in demand.[/caption]