EditorSWANSEA: Global workspace giant IWG takes huge 20,000 sq ft at booming Kingsway development
International Working Group (IWG) is fitting out nearly 20,000 square feet at the site, marking another step in the city’s ongoing regeneration efforts.
This move will see new shared offices, private rooms, and meeting areas open in the heart of Swansea.
The 71/72 Kingsway building, developed by Swansea Council and partly funded by the Swansea Bay City Deal, is already proving popular, with 80% of its office space now let.
Council estimates suggest that once fully occupied, the entire development could create up to 600 jobs and boost the city’s economy by £32.6 million each year.
IWG, which runs brands like Regus, is expanding its operations to meet what it calls “rising demand” for flexible working across South Wales.
Mark Dixon, CEO & Founder of IWG, said Swansea was an “important business hub” for their expansion plans.
Mr Dixon stated: “We are very pleased to work in partnership with Swansea Council to add workspace to the 71/72 Kingsway building.”
He claimed that flexible working improves employee work-life balance and boosts productivity.
Mr Dixon added: “Our workplace model is proven to increase productivity and allows for a business to scale up or down at significantly reduced costs while providing access to thousands of locations.”
Swansea Council Leader, Cllr Rob Stewart, welcomed IWG’s arrival, calling it a “strong vote of confidence” in the city.
Cllr Stewart said: “We’re delighted that IWG is now fitting out its space at 71/72 Kingsway, building on the momentum created by other tenants who are already operating from the development.”
He added that IWG’s presence “reflects the growing demand for high-quality, flexible workspaces.”
Mark Dixon (left), CEO & Founder of IWG, and Cllr Rob Stewart, Leader of Swansea Council, outside the striking 71/72 Kingsway development. (Image: Swansea Council)The 71/72 Kingsway scheme has already attracted other businesses, including Tui, Amazon-owned Veeqo, Optical Express, sk:n, and Futures First.
This influx of companies is expected to increase footfall and support other businesses in the city centre, as part of wider regeneration projects.
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