March 22, 2002—Nokia has signed a five-year global agreement with Regus for the transfer of up to 20% of its worldwide office locations to Regus business centers. The value of the deal is estimated to be 100m over the contract term.
In its largest international agreement ever, which could involve several thousand workspaces, Regus will become the exclusive global provider of serviced office accommodation to Nokia. As part of the contract Regus will also provide meeting rooms and staff support services.
Commenting on the deal a Nokia spokesperson said: “This agreement provides us with both improved operational flexibility and increased efficiency, which will result in a substantial cost saving to our business year on year. We partnered with Regus because they are capable of providing a truly global one-stop-shop solution for our serviced offices. ”
“We are constantly having to align our real estate portfolio to meet the needs of our internal and external customers and this agreement helps to meet those needs very well indeed.”
Mark Dixon, chief executive of Regus said: “This groundbreaking agreement clearly demonstrates that serviced office solutions are now becoming mainstream for the world’s leading companies.”
“This trend in office outsourcing is increasing on a world-wide scale, as more and more companies examine their cost base and look for more cost-effective solutions to their office accommodation requirements.”
—Jessica Jarlvi
Reprinted with permission; copyright 2002 i-FM
