Serviced office group IWG has accelerated investment since its recent trading update. 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 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.
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.