SWANSEA: 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.”

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.

Related stories from Swansea Bay News

Big tech boost as Amazon-owned Veeqo opens new Swansea HQ
How a major Kingsway office move is helping to reshape Swansea’s city centre economy.

Optical Express and sk:n sign up for major new Kingsway office scheme
New tenants underline the push to turn The Kingsway into a modern business district.

New city centre courtyard to honour late council officer Huw Mowbray
A new public space pays tribute to a key figure behind Swansea’s regeneration projects.

Major Swansea office scheme officially opens with further tenant announced
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A International Workplace Group inaugura o primeiro espaço Spaces no norte, num edifício icónico de Matosinhos que renasce como centro de inovação e trabalho híbrido.

#spacesmatosinhos #matosinhos #coworking #iwg #trabalhohíbrido #porto #portugal #empresas #profissionais

https://www.leca-palmeira.com/spaces-matosinhos-abre-portas-e-traz-nova-dinamica-ao-norte-do-pais/

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Jetzt entdecken: https://www.data.gv.at/katalog/dataset/e91bd464-be86-453c-b693-2ab818e11df2 #OpenData #PSI #IWG #EU

The existence of International Women’s Year implies lots of country / state / locality based Women’s Days scattered liberally throughout the year.

If there isn’t, there should be. #IWG

First tenants announced for new Swansea office development

IWG and TUI will be taking up space at the 71/72 Kingsway scheme that’s now been handed over to Swansea Council.

Flexible workspace provider IWG will take up about 20,000 square feet at the development, with travel and leisure company TUI taking up approximately 7,000 square feet.

TUI contact centre employees currently based at Alexandra House will move to the new Kingsway development, helping to retain jobs in Swansea city centre.

The majority of the remaining space at the scheme is also under offer and the council is in advanced discussions with a number of other tenants that will be new to Swansea.

Further positive announcements are anticipated in the coming weeks.

Developed by Swansea Council, Bouygues UK led on the construction of 71/72 Kingsway.

Part-funded by the Swansea Bay City Deal and the Welsh Government, the 104,000 square foot scheme includes office spaces and shared workspaces, alongside an event hall and spaces for food and beverage businesses.

Cllr Rob Stewart, Swansea Council Leader, said:

“We’re delighted to announce IWG and TUI as the development’s first tenants.

“There has been a shortage of quality office accommodation in Swansea, so schemes like 71/72 Kingsway are aimed at helping address this to attract new businesses and jobs to the city and retain businesses here that may otherwise have potentially looked elsewhere.

“Advanced talks with other companies that would be new to Swansea are also being finalised and details will soon be announced.”

Both IWG and TUI will soon start fitting-out their spaces at 71/72 Kingsway.

Wayne Berger, IWG’s UK CEO, explained:

“IWG is looking forward to working closely with Swansea Council to deliver a best-in-class workspace for the Swansea business community. 

“IWG’s Spaces brand at 71-72 Kingsway will be an amazing asset for businesses of all sizes in the city, providing first class facilities on their doorstep as well as access to a global network of thousands of workspaces worldwide.”

Neil Swanson, TUI UK&I Managing Director, enthused:

“We’re excited about the move for our contact centre employees in Swansea.

“The 71/72 Kingsway building has a real ‘wow’ factor and aligns with our approach on sustainability.

“Every aspect of space, facilities and layout at the building has been meticulously planned to create an exceptional work environment that supports the well-being of our teams.”

Cllr Robert Francis-Davies, Swansea Council’s Cabinet Member for Investment, Regeneration and Tourism, said:

“Providing space for up to 600 workers, the 71/72 Kingsway scheme will combine with other developments that are either finished or nearing completion to create more footfall in the city centre. This will benefit existing traders and help attract even more investment in future like shops and other businesses.

“We’d like to thank all our funding partners for their support in developing this scheme. It’s part of an overall regeneration programme worth over £1bn that’s transforming our city into a leading place to live, work, study, visit and enjoy.”

UK Government Wales Office Minister Dame Nia Griffith added:

“It’s great news that this new landmark office development in Swansea is open for business and is already attracting major companies like IWG and TUI.

“71/72 Kingsway is a success story which has been part-funded by the UK Government’s investment in the Swansea Bay City Deal.  This funding is helping deliver our number one mission of economic growth and putting more money in people’s pockets, as part of our Plan for Change.

“We want to encourage businesses to come to Swansea, create new jobs and contribute to the prosperity of the local economy.”

Rebecca Evans, Cabinet Secretary for Economy, Energy and Planning at the Welsh Government, said:

“This is a major milestone for the city of Swansea and for the delivery of the Swansea Bay City Deal, driving growth and innovation in our communities.

“This transformative project has not only enhanced the city’s infrastructure but will also create new opportunities for local businesses. We look forward to seeing the positive economic and social impact it will have.”

John Boughton, Managing Director of Bouygues UK in Wales and the South West, said:

“It is great to hear that 71/72 Kingsway will soon be welcoming its first tenants in the shape of IWG and TUI.

“We take great pride in having built this high quality, innovative building which aligns with our commitment to sustainability across all our projects.

“Supporting local businesses and the Welsh economy has also been a key priority with 84% of our sub-contracts procured from within Wales.”

The 71/72 Kingsway scheme includes a green rooftop terrace with views over Swansea Bay, solar panels on top of the building and heat recovery systems to minimise energy use.

The development will also include 69 bike spaces and electric bike charging, as well as extensive shower and changing facilities and a new link between The Kingsway and Oxford Street.

For further information on the scheme, please contact joint letting agents JLL and Avison Young.

[Lead image: Swansea Council]

#7172Kingsway #featured #IWG #SwanseaCouncil #TUI

#OnThisDay 12th of June 1982, the Socialist Labour Party (SLP) voted to dissolve.

Founded in 1977, the SLP sought to build a party of the Left, bringing together former Labour members and Left groups, which joined as tendencies — the Socialist Workers’ Movement (SWM), League for a Workers’ Republic, Irish Workers Group, and Movement for a Socialist Republic; though all left the SLP within a few years (with the SWM tendency leaving last in 1980).

https://www.leftarchive.ie/calendar/on-this-day/06/12/#event-5555

#Ireland #Politics #History #SocialistLabourParty #Socialism #SWM #LWR #IWG #MSR

Also #WeWork growing faster than #IWG aka. #Regus already set off my #sus alert even when everyone hyped wework in 2017 and onwards...

And #PatrickBoyle really sums that up...

https://www.youtube.com/watch?v=n3Q_4vjPMSE&t=1355s