DURBAN - IWG brand, Spaces has made a name for itself as a pioneer within mixed-use developments and shopping centres.
In South Africa, its locations include the V&A Waterfront, Fourways Design Quarter, Menlyn Maine, Sandton City and Mall of Africa. A new trend in the flexible workspace realm is the conversion of retail spaces to chic co-working offices. The opportunities these sites present for developers, REIT’s and landlords could be significant.
Part of Spaces’ brand DNA is to find settings in desirable areas of a city that offer the right conditions for fostering a sense of community, and that blend seamlessly with tenants’ lifestyles.
"Typically, these locations are either located by convenient transportation hubs or have ample parking, which we know is incredibly important for business professionals," said Joanne Bushell, Vice President of Sales for IWG in Africa.
Bushell added, "Additionally, by integrating our co-working space with entertainment and retail, Spaces’ members are able to run their business, get their shopping done and find food options within walking distance".
Having a range of resources within easy reach – shops, restaurants, entertainment facilities – is a magnet for new tenants. It helps them achieve a better work-life balance by saving time when it comes to ‘life admin’, be it buying dinner for the evening, servicing their technology or shopping for last-minute birthday gifts.