NEW YORK CITY – June 2, 2008 – The Regus Group (LSE: RGU), the world’s largest provider of fully furnished and equipped offices with 950 locations in 70 countries, today announced that it is expanding its New York City presence with the addition of a new business center on the19th floor of 5 Penn Plaza, a “Class-A” landmark building. Regus currently has another business center on the 23rd floor of 5 Penn Plaza.
The nearly 28,000 square foot state-of-the-art business center features 92 offices, one board room, two conference rooms and a videoconferencing studio. Regus has 17 centers in New York City. Other area locations include recently opened 260 Madison Avenue, 590 Madison Avenue in the IBM Building, the Chrysler Building, Rockefeller Center, and five Park Avenue locations including the Helmsley Building at 230 Park.
“Our 5 Penn Plaza expansion is in direct response to the increased demand we continue to experience in New York City. It allows us to capitalize on what continues to be a very strong market,” said Donna Scott, Regional Vice President for Regus. “We’re finding that in today’s economic environment businesses, regardless of size, are increasingly moving away from committing to long-term leases and instead seeking more flexible, cost-effective alternatives.”
The new 5 Penn Plaza center comes complete with a number of amenities including an on-site receptionist to greet clients, answer the phone in the business’ name and provide administrative support as needed; a furnished reception area; a business café with wireless Internet connectivity; and a business lounge that allows clients/visitors to remain productive while on the road or between meetings.
The center also offers Regus clients direct access to Penn Station and its numerous mass transportation options. Scott added, “We’ve structured our product portfolio to fit the needs of businesses of all sizes – so whether our clients are looking for a one-person, fully furnished corner office overlooking Manhattan or a 10-person branch office for a Fortune 500 organization, we’re confident that we have the customized solution to fit their unique requirements.”
Every day Regus provides more than 200,000 clients worldwide with flexible and costeffective workplace options to meet their specific needs. Whether using a fully furnished office, a virtual office that provides clients with a local business address, meeting rooms or videoconferencing facilities, businesses working with Regus are able to establish an immediate presence at prime business center locations such as 5 Penn Plaza.
Rachel Cohen is the Director of Multi-Media Marketing for SVP Worldwide, the global leader in the design, manufacture, and distribution of consumer and artisan sewing machines and accessories. SVP Worldwide, which is headquartered in Hamilton, Bermuda, has a satellite office in Regus’ 5 Penn Plaza Center.
Cohen says Regus offers SVP Worldwide a number of benefits. “Most of our business partners are on the west side, so having an office at Penn Plaza makes it really convenient,” said Cohen. “The center and its staff are also very accommodating when we have colleagues visiting from our home office or one of our other locations. The center provides them with a convenient, professional environment to remain productive while they’re on the road.”
Cohen added, “Another major benefit that Regus offers us is the ability to tap into their onsite administrative resources. For example, the Regus staff can take care of the small things like arranging for courier service or parcel shipments and allow me to focus on doing my job.”
All Regus clients have high-speed Internet access and digital telephone service managed by a highly trained IT support team. Regus also offers clients a wide range of on-site business services, including administrative support. Clients also have the option to use the center’s meeting rooms, videoconferencing studios and business lounge.
About The Regus Group
The Regus Group is the world’s leading provider of pioneering workplace solutions, with products and services ranging from fully equipped offices to professional meeting rooms, business lounges and the largest network of videoconferencing studios. The Regus Group delivers a new way to work, whether it’s from home, on the road or from an office.
Clients such as Google, GlaxoSmithKline, IBM, Nokia and Accenture join thousands of growing small and medium businesses that benefit from outsourcing their office and workplace needs to The Regus Group, allowing them to focus on their core business.
Over 200,000 clients a day benefit from Regus Group facilities spread across a global footprint of 950 locations in 400 cities and 70 countries, which allows individuals and companies to work wherever, however and whenever they want to.
For more information, visit www.regus.com.
