Strategically solidifying its presence in Nairobi, IWG plc, a serviced offices firm based in Switzerland, has invested $850,000 (equivalent to approximately Sh127.50 million) to establish an innovative co-working center at the Global Trade Centre Office (GTC) Tower. This marks IWG’s third African location, following South Africa and Morocco. Through this decisive move, IWG not only reinforces its global presence but also enhances its local prominence.
The newly established co-working facility, named GTC Spaces, occupies a vast space on the 14th floor of Kenya’s second tallest building, the GTC Tower. This prestigious establishment offers co-working spaces, private offices, and state-of-the-art meeting facilities, spanning an impressive 1,761 square meters. IWG’s footprint in Nairobi gains further prestige with this expansion.
Listed on the London Stock Exchange, IWG plc actively operates nine flexible workspaces under the Regus brand in Nairobi, primarily catering to corporate teams. In alignment with the evolving trend of hybrid working, GTC Spaces provides a solution for employees from various companies and independent contractors seeking high-quality flexible workspaces.
Marc Descrozaille, IWG’s Regional Chief for the Middle East and Africa, emphasized the importance of this expansion: “With our latest opening in Nairobi, we are fortifying a stronger—much-needed—footprint; furthermore –as an eminent business hub– GTC provides us with an exceptional locale to turbocharge our growth strategies.”
The GTC Tower, owned by Avic of China and strategically situated in Nairobi’s upscale Westlands suburb, is an ideal location for IWG’s new venture. This investment, a testament to IWG’s commitment, aims to cater to the escalating demand for premium flexible workspaces as businesses fervently adopt hybrid work models.
Founded in 1989 in Brussels, IWG plc has evolved into a global player, operating across nearly 4,000 worldwide locations. The company’s commitment to delivering innovative and adaptable workspace solutions that meet the evolving needs of the contemporary workforce is underscored by this Nairobi investment.
Nairobi’s thriving business hub status propels IWG to expand into the GTC Tower. This move not only bolsters its market presence but also enriches the city’s dynamic, flexible work culture. Professionals amidst evolving work practices will undoubtedly resonate well with the state-of-the-art environments it offers: a strategic positioning in tomorrow’s workplace landscape.