International Workplace Group (IWG), the world’s largest platform for work, has announced a major expansion in Nigeria, planning to double its flexible workspace footprint to 20 locations by December 2025.
This expansion reflects a strong confidence in Nigeria’s economy and is driven by the accelerating demand for flexible and platform-based work models across the country.
The ambitious growth plan will see IWG, which operates brands like Regus and Spaces, open seven new state-of-the-art flexible workspaces between July and December 2025. This will expand the company’s presence beyond Lagos and Abuja to include new cities such as Owerri and Kano. The new centers, two Regus and five HQ will add 4,780 square metres of rentable space to meet the rising demand.
Also, four of the new HQ centers are part of IWG Nigeria’s first portfolio deal with Alternative Bank, a subsidiary of Sterling Bank. Mohammed Yinusa, Director of Digital Products and Innovation at Alternative Bank, commented on the partnership, “The demand for premium office and coworking spaces has increased with the growth of flexible working. Together with International Workplace Group, we are delighted that our high-quality workspaces offer a wide range of workspace services and solutions, supporting businesses of all sizes as they continue to grow.”
The new locations include: HQ Lekki Link Bridge, Lagos (opened July 2025), HQ Ogunlana Drive, Lagos (opening October 2025), HQ Allen Avenue, Lagos (opening November 2025), HQ Bank Road, Owerri (opening November 2025),HQ Zoo Road, Kano (opening November 2025), Regus Number One, Lagos (opening November 2025) and Regus Garki 2, Abuja (opening November 2025).
These centers will cater to a diverse range of industries, providing private offices, meeting rooms, co-working, and creative spaces for established firms and start-ups in finance, technology, and more.
This expansion in Nigeria follows a record-breaking year for IWG globally, which saw the company sign 899 new locations in 2024 and post its highest-ever revenue and earnings.
Mark Dixon, CEO and Founder of IWG, expressed his enthusiasm for the Nigerian market stating, “We are establishing a stronger and much-needed footprint in Nigeria. As an important business hub, Nigeria is a fantastic place for us to boost our expansion plans. We are very pleased to work in partnership with Alternative Bank. Our opening in Nigeria comes at a time when more and more companies are discovering that flexible and platform working is incredibly popular with employees.”
Industry predictions suggested that 30 per cent of all commercial real estate will be flexible workspace by 2030, a trend IWG is well-positioned to capitalize on.
Research indicated that hybrid working can boost productivity by 11 per cent and offers companies significant cost savings, averaging $11,000 per employee.
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