Real Estate Central

Regus responds to increased demand with the opening of a second location at
5 Penn Plaza; new 28,000 square foot business center features 92 offices

NEW YORK, June 2 /PRNewswire-FirstCall/ — The Regus Group (LSE: RGU),
the world’s largest provider of fully furnished and equipped offices with
950 locations in 70 countries, announced today that it is expanding its New
York City presence with the addition of a new business center on the 19th
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 cafe 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 cost-effective 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 on-site 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 http://www.regus.com.



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Source: Real Estate Newswire