International Workplace Group (IWG) and Steyn City officially launch Spaces as demand for flexible and platform working continues to accelerate
Spaces at Steyn City’s Capital Park is an impressive workspace complete with co-working spaces, private offices, meeting rooms, creative areas and a Seattle Coffee Co.
- The signing coincides with the rising demand for platform working as companies of all sizes increasingly provide employees with access to a network of locations to maintain productivity and employee satisfaction
- This opening follows a partnership agreement with Steyn City Properties, which has invested in the International Workplace Group platform to create a branded flexible workspace in their building.
- The location comes on the heels of International Workplace Group adding a record number of locations globally in the first half of 2025, signing 496 centres & and achieving highest ever revenue
International Workplace Group, the world’s largest platform for work with brands including Spaces and Regus, has opened a state-of-the-art flexible workspace in Steyn City’s office precinct, Capital Park. With the long-term shift to more flexible ways of working, IWG is expanding its network to keep pace with rising demand across South Africa.
The addition of International Workplace Group’s latest location in Steyn City’s Capital Park comes on the heels of the business posting its highest-ever revenue, cash flow and earnings growth in its history and achieving rapid network growth, with more new locations signed and opened in the first half of 2025 than in the entire first decade of its operations. IWG’s network now comprises more than one million rooms in 121 countries.
“We are very excited with the results. The centre opened for business at the beginning of September 2025, and there is already strong demand, with further interest set to rise in January 2026, 6 months ahead of the original forecast”, says Carolyn Elliman, Country Manager – South Africa and Southern Africa.
The official launch on the 27th of November celebrated the opening of the Spaces flexible workspace in Steyn City, which provides private offices, meeting rooms, coworking, creative spaces and a Seattle Coffee Co. for residents and companies of all sizes across various industries. International Workplace Group’s Design Your Own Office service allows companies to tailor their space entirely to their requirements.
Recognising that many of their residents have work-from-home setups and would welcome a more formal yet flexible space close to home, Steyn City Properties decided to invest in the International Workplace Group platform to maximise the return on their real estate space by capitalising on the rapidly expanding demand for hybrid working.
The prime location on the major arterial route, Winnie Mandela Drive, makes it equally attractive to businesses across the region from Pretoria and Midrand through to Sandton and is just 15 minutes from Lanseria International Airport.
These well-equipped spaces eliminate the need for long daily commutes, resulting in clearer focus, fewer distractions, and a better work-life balance – all of which translate into meaningful productivity gains.
Research by leading academics has found that greater flexibility over how and where employees work offers a multitude of benefits for workers, including enhanced work-life balance, financial savings and health benefits. Employers also reap the rewards of hybrid models through increased firm productivity, cost savings and a more efficient, engaged workforce. In fact, recent research by IWG and workplace consultancy Arup found that hybrid working can boost productivity by 11%. Facilitated by flexible workspaces, hybrid working could add up to $566 billion in GVA to the US economy annually by 2045 – the equivalent GVA of Austin, Texas[i].
With explosive market growth as companies of all sizes adopt more flexible and decentralised models for the long-term, it is predicted that 30% of all commercial real estate will be flexible workspace by 2030. With International Workplace Group, partners are able to capitalise on this fast-growing sector, while being supported by International Workplace Group’s unparalleled experience. Hybrid working offers companies a significantly lower cost base with an average saving of ZAR188,000 per employee[ii].
International Workplace Group is the leading global platform for work, featuring thousands of locations across more than 120 countries, with members able to access all locations and business services via the IWG app.
As the ongoing shift towards more flexible, decentralised and hybrid models of work working accelerates, the potential for further growth is exponential with an estimated 1.2 billion white collar workers globally and a total addressable market of more than ZAR34 trillion. In 2024, International Workplace Group welcomed 899 new partner locations and counts 83 per cent of Fortune 500 companies among its customer base.
Mark Dixon, CEO & Founder of International Workplace Group PLC, commented: “We are establishing a stronger and much-needed footprint in South Africa with this latest opening. As an important business hub, Steyn City is a fantastic place for us to boost our expansion plans. We are very pleased to work in partnership with Steyn City Properties under a management agreement that will add a cutting-edge workspace to their building.
“Our Spaces in Steyn City’s commercial office park comes at a time when more companies are discovering that flexible and platform working is incredibly popular with employees, improving their work-life balance and satisfaction, while also providing a multitude of benefits to companies. Our workplace model is proven to increase productivity and allows for a business to scale up or down at significantly reduced costs while providing access to thousands of locations.”
Steven Louw, CEO of Steyn City Properties, said: “We are delighted by the overwhelmingly positive response to Spaces at Capital Park following last week’s ribbon-cutting ceremony. The uptake from both Steyn City residents and the wider community of the Fourways node has exceeded expectations, and it’s incredibly encouraging to see so many professionals choosing this dynamic workspace. With strong interest carrying through into the season, we look forward to Spaces being more than 60% filled as we enter January 2026.”
