Regus Extends Footprint in Canada with New Toronto Centre

Company Growth in North America Tied to Rising Demand for Flexible Workplaces

TORONTO, Aug. 24 /CNW/ - Regus, the world's leading provider of innovative workplace solutions, has extended its investment in Canada with the opening of a new full service business centre in Toronto as demand for flexible workplaces remains strong. The new centre, located on Yonge Street in the North York section of Toronto, brings the total number of Regus locations in Canada to 29.   

Toronto, along with Vancouver, are the two Canadian cities leading a post-recession rebound.  Toronto boasts one of the most diversified economies of any city-region in North America.  The city ranks in the top five for more than 16 business sectors compared to other North American cities.  The city is considered the heart of Canada's economy comprising 11 percent of the country's GDP.  

"Toronto, and in particular, North York, presents endless business opportunities," said Barry Weighell, Regus' Vice President of Operations, Canada. "Major multinational corporations have established their Canadian head offices along Yonge Street, including Procter & Gamble, Nestlé and Xerox," added Weighell.

The company also cites a spike in customer enquiries from Canada, with a high concentration in Toronto, as a major factor leading to an additional location in the region.

Regus' new North American Centre at 5700 Yonge Street offers fully furnished and equipped private offices, meeting rooms, video communications services and a business lounge. For clients who need to travel, Regus' Businessworld Membership Program provides access to the company's global network of 1,100 locations worldwide.

"For businesses looking to enter or expand in North America, Toronto is an attractive choice for companies of all sizes," noted Weighell.  "Its highly educated workforce, proximity to key U.S. markets and its business-friendly environment puts companies in a position to succeed."

In addition the new Toronto facility, Regus will also be opening up a new Metrotown location in Burnaby next month.  These openings are part of an overall North American expansion strategy for Regus.  By the end of 2010, the company expects to operate 460 centres throughout North America.

About Regus

Regus, the world's leading global provider of innovative workplace solutions with 1,100 locations in 500 cities and 85 countries, offers products and services ranging from fully equipped offices to professional meeting rooms, business lounges and the world's largest network of video communication studios.

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Julia Gaynor
Affect Strategies

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