International Workplace Group (IWG), whose brands include Regus and Spaces, signed 728 new locations globally in the first half of 2026, with Asia Pacific accounting for 164 of the additions.

The flexible-workspace provider said its global network has grown to more than 6,000 signed locations across over 120 countries. It also reported record revenue and EBITDA for the period.

Asia Pacific represented more than 20 percent of IWG’s first-half signings, reflecting continued demand for flexible and hybrid work arrangements across the region. India accounted for 43 new signings and China for 42, while the United States and United Kingdom recorded 187 and 62 respectively.

IWG said 95 percent of its H1 2026 signings were delivered through managed partnership agreements. Under that capital-light model, property owners provide the locations while IWG operates workspace brands and services, allowing the group to expand without relying primarily on conventional leased sites.

The company has increasingly been expanding beyond major central business districts into suburbs, commuter towns and regional markets. It said the strategy is intended to bring professional workspaces closer to where employees live while giving landlords another way to generate returns from commercial properties.

Expansion continues into the second half

IWG said its first-half growth continued in July with the addition of Wojo, which brought another 186 locations onto its platform. Wojo had previously been a joint venture between Accor and Bouygues Immobilier, and the deal also created a longer-term relationship with Accor that could bring IWG workspaces into more hotels.

Christian Schmitz, Chief Executive Officer of IWG, said the company’s capital-light strategy is enabling faster expansion while broadening the range of locations available to customers.

The latest expansion builds on IWG’s existing growth in Southeast Asia. TNGlobal reported in April 2025 that IWG and Permodalan Nasional Berhad planned a Signature workspace at Malaysia’s Merdeka 118, part of the group’s expansion in the Malaysian market.