Waterloo next step in Regus expansion | RENX

Global workspace provider Regus’ explosive Canadian growth continued this week with the opening of what it believes is a groundbreaking technology-driven centre in Waterloo, Ont.

“We look at Waterloo as both a great short-term and long-term investment,” said Regus Canada vice-president Wayne Berger.

“There are 1,000 tech companies that drive $30 billion in annualized revenue out of Waterloo. It’s a great combination of both global players like Google and Microsoft and a great array of successful startups.”

Regus provides flexible workspaces at some 3,000 locations in 120 countries, and an educated workforce is a prime attraction in determining where the Luxembourg-based company decides to set up shop. Wilfrid Laurier University and the University of Waterloo are both in the southwestern Ontario city, and Regus’ newest space opened near U of W at 180 Northfield Dr.

Waterloo site is unique

Berger called the 21,000-square-foot Waterloo facility the “most unique” of Regus’ 92 Canadian locations, with a mezzanine that supports collaboration, multiple co-working spaces that provide room for companies to network and brainstorm in an open environment, and a roll-up garage door leading to an outdoor patio and barbecue.

“It has an urban, industrial, rustic design with great colours, polished concrete and industrial design furniture. As you walk in, you can really feel the vibe of creativity and innovation throughout the space.”

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