Regus Bought Regent Business Centers and Corporate Office Centers

Courtesy of  The Regus Group

This year welcomes us with the confirmation of an important news for the office suite industry.

Regus has bought two major office providers: Regent Business Centers and Corporate Office Centers. Although there had been some noise about the news, during the last weeks of December the decision was confirmed.  

But what does this mean for Regus?

Let’s start with Regent Business Centers, a company that was founded in 1993 and had 13 business centers; 5 of them in prestigious buildings in New York, 7 centers in California including two spaces in San Francisco and 1 center in Denver, Colorado. Regent was known for their top quality spaces.

And Corporate Office Centers was another big player in the office suite industry. 

Headquartered in Arlington Texas, they owned 36 business centers in 13 markets spread among 10 states. The company had just opened their last center in Anaheim, CA and just a month ago they were celebrating their 20^th Anniversary.

This way, Regus, who handled 1100 locations worldwide and 550 in the USA, now adds 49 new centers to their portfolio and confirms its dominance in markets like Texas and shows some interest to increase competition in markets as California.

What might 2013 surprise us with? If Regus plans to maintain its growth expectations of 10%, that means almost 60 new centers opening this year. We will have to see how competitors react and how the economy behaves. We can only guarantee that an exciting year awaits ahead of us.