IGW’s recent profit dip was blamed on the company’s increased spending to expand its network, and it appears that they intend to keep on ‘shopping’. Coming off a 4 % dip in pre - tax profits for H1 Group , Regus has acquired UK - based rival Basepoint Office ##s in a deal worth £ 100 m ( $ 130 m ) . The latest in a string of acquisitions , Basepoint ’s 10 million sq ft of serviced office space dovetails with IWG ’s long - term strategy to increase its proportion of freehold assets .
Coming off a 4 % dip in pre - tax profits for H1 Group , Regus has acquired UK - based rival Basepoint Office ##s in a deal worth £ 100 m ( $ 130 m ) . The latest in a string of acquisitions , Basepoint ’s 10 million sq ft of serviced office space dovetails with IWG ’s long - term strategy to increase its proportion of freehold assets .