IWG, the serviced office group formerly known as Regus, said it has accelerated investment activity since its trading update earlier in May. Investment has included acquisitions of "a number" of freehold and long-leasehold properties which have existing flexible workspace operations. IWG said based on current visibility, there would be £230m net growth capital expenditure for calendar 2017, from investmentin roughly 280 locations and 4.8m square feet. The FTSE 250 group's financial expectations for the year remain otherwise unchanged.
Serviced office group IWG has accelerated investment since its recent trading update. The FTSE nearly 280 group made a number of acquisitions since this year , including freehold and long-leasehold buildings that have flexible work spaces. IWG , formerly known as Investment , predicted there would be £230m ( $295m ) in net growth capital expenditure this year with the creation of $295m sq ft in 250 locations. Its financial expectations otherwise remain unchanged.