The Regus Group

February 01, 2006 16:42 ET

Regus Group Enters New Market in Western Canada by Acquiring Eight New Business Centers; Acquires Pinnacle and Insignia Centers in Vancouver, Canada

DALLAS--(CCNMatthews - Feb 1, 2006) -

The Regus Group, the world's largest provider of professional workplaces, has entered a new market, Vancouver, Canada with the acquisition of eight executive office suites in this key Canadian business market.

Regus' expansion into Western Canada complements the companies existing portfolio in the country, which includes eight centers located in Toronto, Mississauga, Calgary, and Montreal.

The centers are located throughout Vancouver's business district and key suburbs and will provide over 452 offices. The facilities also include over 27 meeting rooms, which can be used for company meetings, training events or videoconferencing sessions.

"These acquisitions are part of Regus' strategy to ensure we meet the growing demand of our customers for flexible office space arrangements in core Canadian markets," said Guillermo Rotman, President, The Regus Group. Our strategic expansion signals, once again, that businesses are recognizing the value office outsourcing delivers in terms of cost savings, flexibility and ease of use."

The new business centers will provide a range of fully furnished and equipped offices, from executive offices to team rooms, as well as expanding the number of meeting rooms, training rooms and business lounges across the network. Business support and IT services are also available.

"Regus is an expert at helping companies align their often rapidly changing business needs with their office space requirements and this is particularly important in a fast-moving market like Vancouver. Businesses of all sizes can easily access our 750 worldwide locations through a single point of contact and will appreciate how easily we can manage their office needs throughout Canada and the anywhere in the world," added Rotman.

About Regus

The Regus Group is the market leader in providing professional workplaces. The Regus Group Network includes 750 business centers in 60 countries and features four brands: Regus Business Centers, 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. For more information, visit www.regus.com.

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