GE and Regus Sign New Global Workplace Agreement

By Staff Reporter

New agreement allows GE to achieve significant real estate cost savings and offer its global workforce an array of workplace solutions to fit their individual work styles

Mumbai – June 08, 2010 – Regus, the global leader in flexible workplace solutions, today announces that it has signed a Global Services Agreement to provide GE’s distributed workforce with an array of Regus product offerings. GE’s global workforce will now have access to Regus global solutions and services aimed at supporting traditional office employees as well as mobile and home-based workers. The new agreement will allow GE to target its real estate costs and increase flexibility within its current portfolio by providing its global workforce with solutions that will fit their diverse workplace needs.

Mark Dixon, Global CEO, Regus plc comments: “GE is one of the most innovative and well-recognized brands in the world – so we’re delighted to extend our relationship with them and be a key component of their workplace strategy. Forward-thinking companies like GE are leading the workplace revolution by implementing flexible real estate strategies that will allow them to significantly reduce costs, better support their workforce and be more competitive in marketplace.”

Stephanie Fulbright, Director – Real Estate Services Operation GE, comments: “Expanding our partnership with Regus allows us to continue to successfully execute against our strategy of transforming and right-sizing our global real estate portfolio. Their global footprint provides us with flexibility in securing space and will assist us in areas such as alternate workplace strategies. “

In addition to having access to Regus’ rapidly growing Businessworld Membership program, which can provide GE’s mobile and home-based workers with on demand access to private office and meeting room time in any of Regus’ more than 1,000 locations worldwide, GE employees will also have access to Regus’ office and virtual office programs. For those mobile employees simply needing a professional workspace to remain productive while on the road, they can also touch down at any Regus location.

Under the terms of the agreement GE employees will utilize Regus solutions and services in several countries including the United States, United Kingdom, France, Germany, China, and Brazil.

About GE Capital Real Estate
GE Capital Real Estate (www.gecapitalrealestate.com) is one of the world’s premier commercial real estate investment companies, with US$80 billion in assets and a presence in 31 markets throughout the world. It has a reputation for collaboration and partnership; a depth of knowledge and experience and a history of finding opportunities and opening doors for thousands of direct and institutional real estate investors worldwide.

About Regus
Regus plc (LSE:RGU) is the world’s leading global provider of innovative workspace solutions, with products and services ranging from fully equipped offices to professional meeting rooms, business lounges and the world’s largest network of video communication studios. Regus delivers a new way to work, whether it’s from home, on the road or from an office. Clients such as Google, GlaxoSmithKline and Nokia join thousands of growing small and medium businesses that benefit from outsourcing their office and workplace needs to Regus, allowing them to focus on their core business.

Over 500,000 clients a day benefit from Regus facilities spread across a global footprint of 1,000 locations in 450 cities and 80 countries, which allow individuals and companies to work wherever, however and whenever they want to. For more information please visit: www.regus.com .





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