Flexible work space solutions provider Regus will open by the middle of this month its biggest center in Davao City, with more facilities being considered in areas outside Metro Manila, especially Mindanao.
Regus Philippines country manager Lars Wittig said Tuesday that they would occupy a 1,600-square-meter facility with 3,500 workstations within the Topaz Tower at the Damosa IT Park of Davao City-based developer Damosa Land Inc.
The company’s Davao footprint partner is is Damosa Land, Inc., the real estate arm of Anflo Management and Investment Corp.
“We are bringing in the biggest Regus center here, that’s how bullish we are for Davao. We are betting very big on this project,” Damosa Land vice president Ricardo Floirendo Lagdameo said Friday at the sidelines of the company’s Excellence Awards Night at Seda-Abreeza Hotel, Davao City.
He said allowing the Regus expansion here is like giving an office space solution to the Davao market.
“We feel going forward, this is a good solution for people who are not sure, who, where they want to invest in Davao and how long do they want to invest in the city and how many seats in the company they need, Regus presence here is the solution to that,” Lagdameo said.
Mr. Wittig said the partnership was more than just Regus leasing property from Damosa Land.
“Damosa Land said: we see an opportunity here and we will make the investment. [Regus] are responsible for the entire operation — we staff it, we train, we run everything, we use our global booking system,” he said.
Damosa Land has a similar partnership with the Microtel brand. “We’ve also done a very similar set up where we’ve invested in putting up the structures, and they will operate the hotels and we would tap into their worldwide network of customers and guests,” Mr. Lagdameo said.
Regus opened its first center in the Philippines in Makati in 1999, going against the norm at that time when the economy was weak and regional companies were holding back just after the Asian financial crisis.
“In the Philippines, we’ve grown from four to 25 in the last four years,” he said of the company’s local expansion, which he described as “very fast and extremely successful.”
The London-listed company opened its first center about 30 years ago in Brussels and have grown to become the largest provider of flexible work space in the world. It has centers in 120 countries, 900 cities and more than 3,000 locations. In 2015, it has grown by about 500 locations.
Mr. Wittig said that for Regus’s next center in the Philippines, there was a “75% likelihood”that it would be outside Metro Manila. The company opened its center in Clark in 2015.