IWG and Ratanakorn Asset sign a 40-centre franchise deal

International Workplace Group (IWG) and Ratanakorn Asset sign a 40-centre franchise deal to meet the growing demand for hybrid work in Thailand.

Growth in flexible workspaces fuelled by Thailand’s rapid urbanisation and fast-growing millennial workforce

IWG, the world’s leading provider of flexible workspaces with brands including Regus, Spaces, HQ and Signature, is set for rapid expansion in Thailand, granting master franchise rights to real-estate developer Ratanakorn Asset.

Under the franchise deal, Ratanakorn Asset can develop flexible workspaces in every corner of Thailand with the exception of Bangkok and the adjoining provinces. In 2022 alone, Ratanakorn will partner with IWG to open five new centres – two in Pattaya and one each in Chonburi, Sri Racha and Rayong. These new locations are part of the IWG and Ratanakorn strategy to open at least 40 new flexible workspaces in Thailand over the next 10 years.

Since the start of 2021, IWG has added 2 million new customers to its global network, as companies acknowledge the benefit of giving employees access to professional, well-equipped offices in the heart of local communities that are a short distance from home. 

Ratanakorn Asset, a Thai-owned real-estate firm, has more than 20 years’ experience in property development with a diverse portfolio worth over THB33 billion covering residential property, retail spaces, factories, and hotels. 

IWG is home to the world’s largest co-working community with multiple brands, and we joined it because we strongly believe in the flexspace business and its growth opportunities,” he adds. “There are a lot of synergies between our business and by partnering with IWG and focusing on mixed developments, we can continue to expand, grow and diversify our portfolio.” .

To acquire IWG franchise, please CONTACT US at info@vffranchiseconsulting.com.

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