Workspace provider Regus has taken up new office space in Belfast City Centre and UK CEO Richard Morris tells CN he’s witnessed a trend of both companies and individuals outsourcing more of their small meeting space requirements.
“Instead of having meeting room space in their own premises, which would probably lie empty most of the time, they come to us to hire that space, for as little as an hour at a time. It’s a far more cost-effective way of doing things,” he tells CN.
The company has taken the third floor of Arnott House, located on Bridge Street, and extends to 557sqm. CBRE secured the letting on behalf of Regus, which already has a long-standing Belfast base at Forsyth House. The new Belfast centre will have one conference room that can seat up to 12.
This is the first letting for Regus in a number of planned acquisitions across Northern Ireland, with further Belfast locations, Lisburn, Newry, Derry/Londonderry, Omagh, Coleraine and Enniskillen all under consideration.
Regus has 2,800 locations and 2.3m members in 950 cities.
David Wright, director of Office Agency at CBRE, says: “The serviced office sector is set to continue to expand in the future with the continued rise in agile working practices.”
Morris added that Regus had plans to open 300 more facilities in 2016.