11 May 2011
Regus, the world's leading provider of innovative workplace solutions, opened two new business centres in Greater China against a backdrop of economic uplift, increased business optimism and companies seeking more cost-effective paths to growth.
Regus' new centres are located in the sought-after Yueda 889 building in Shanghai and Hong Kong's Times Square in Causeway Bay – both at the heart of business districts of increasing importance.
As the market leader in Greater China, Regus already has a presence in Beijing, Chengdu, Dalian, Guangzhou, Hangzhou, Macau, Shenzhen and Taipei, but continues to rapidly expand to meet rising demand from companies focusing on smart revenues and profit growth in response to rising real-estate rentals (20-30 per cent in Hong Kong and Shanghai1) and improved business confidence.
The recent bi-annual Regus Business Confidence Index (BCI), which tracks the opinions of 17,000 companies worldwide, found that while companies in Hong Kong and Shanghai expect to grow their profits by 87 per cent and 83.1 per cent over the next 12 months respectively, 75 per cent of companies in Hong Kong and 77 per cent in Shanghai are freezing or cutting workplace and property related spending.
"With the IMF expecting China's GDP to grow by 9.6 per cent in 2011 and Hong Kong still experiencing benefits from the mainland's development, businesses need to accommodate additional staff to cope with the pace of growth. Our enquiries are up over one fifth in Hong Kong and have doubled in Shanghai compared to last year. Queries are coming from companies of all sizes, from one-person start ups to major corporations looking for workspace solutions that offer a smarter, risk free choice than traditional commercial property," said Hans Leijten, Regional Vice President for East Asia, Regus.
Leijten added "Companies in Hong Kong are bullish about revenues and growth, but are increasingly reluctant to waste money by sinking it into their workplace with unviable long-term leases that limit their ability to be flexible. Using our centres require no upfront capital expenditure and give businesses the flexibility they need, allowing firms to combat the rising cost of worksplace rental."
Next subject
Print Articles
Return Last Page