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| Regus Group, provider of outsourced workplaces, Bangalore |
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| | Regus Group PLC, the £463.3 million company and world's largest provider of outsourced workplaces on demand, has announced its entry in India with the launch of new Regus Business Centre in Bangalore. Having established itself in the UK and Europe, Regus has embarked upon ambitious expansion plans for the Asian markets including India, Korea, China, Japan, which are growing rapidly with a 33% increase in revenue.
In India, The Regus Group has identified Bangalore, Delhi, Gurgaon and Mumbai as preferred locations for high quality commercial space and has been testing these markets for national expansion for the last one year. The company aims to leverage the growth and consolidation of players in IT & ITES, Business services, Banking & Finance and Energy sectors, amongst others. After an initial soft-launch of the first Business centre in Bangalore, Regus has now launched its second new Business Centre in the city.
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Regus ready-to-use offices, will offer businesses of all sizes (from sole proprietors to mid and large-sized companies) across any sector with an unlimited access to 750 Regus business lounges in 60 countries and 3700 meeting rooms worldwide.
According to Mr. Madhusudan Thakur, Commercial Director - India, Regus, "Business property in India has witnessed extreme swings in the last 10 years with the sudden collapse of investor run markets and rise of Business Process Outsourcing bringing in strong growth. Enterprises are keen on outsourcing their real estate requirements as means of mitigating financial and property risks. We cater to this changing business need of companies by providing them with flexible and cost-effective workplace options to meet their specific needs."
With property constituting more than 40% of the total investment of many of the Indian companies, workplace outsourcing has become a strategic component of their business plan. Regus has analysed this fixed line expenditure as the Total Cost of Occupancy, through its SmartSpace cost model, by providing a head-to-head dollar comparison of outsourced office space versus conventional or sublease space, using a client's actual numbers.
"By partnering with Regus, Companies can now save an office space cost of 78% which will automatically reduce the Total Cost of Occupancy by eliminating up-front capital expenditures and redirecting that money into propelling the company's core business forward," added Mr. Thakur.
The launch of the new business centre at RMZ Millenia complex take Regus' total number of Indian business centers to five and in Bangalore to two. The new centre will have the capacity to service 144 people, with a combined total of 2 meeting rooms and 1 seminar room. Indian Corporates and MNCs will now have access to fully furnished and equipped ready-to-use offices, with on-site facilities including high-speed internet and digital telephone services, meeting and conference room facilities, and on-site business and IT support.
Regus Offices are available on terms ranging from 3 months to long-term arrangements, making it easy for customers to expand or reduce office space as business needs change. Clients only pay for the space they occupy and the business services they require on an as-needed basis.
About Regus Group
Regus Group PLC is the global market leader in providing professional workplaces on demand. The Regus Group Network features four brands: Regus Business Centres, HQ Global Workplaces, Stratis and Business Meeting Places. All locations are strategically situated in world capitals, premier business hubs and developing markets.
The company is a pioneer in the commercial real estate industry, defining new and innovative ways for businesses, both large and small, to successfully manage their workplace needs. By delivering cost-effective offices and meeting rooms on flexible terms, businesses gain the ability to create a flexible workplace plan that can quickly adapt to their changing needs.
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