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Friday, March 29, 2024

Global companies sign MOA on shared workspace in Subic

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Subic Bay Freeport Zone—A partnership between the International Workplace Group (IWG) and Pacific Ace Subic Bay Corp. is expected to pave the way for the establishment of the first-ever hybrid workspace in the Subic Bay Freeport Zone.

SHARED WORKSPACE. Pacific Ace Subic Bay Corporation president Virginia Dio (second from left) and International Workplace Group (IWG) country manager Lars Wittig (third from left) shake hands after signing a memorandum of agreement (MOA) for a shared workspace. Under the MOA, IWG will use Pacific Ace’s Green Building. Joseph Muego

The partnership was sealed in a contract-signing ceremony between IWG Country Manager Lars B. Wittig and Pacific Ace President Virginia S. Dio on Thursday, February 16 at the latter’s headquarters in the Subic Bay Freeport Zone.

“It’s a match made in heaven”, according to Dio citing IWG’s established global leader in hybrid work solutions and workspace brands and Pacific Ace’s Green Building advocacy to lessen the negative impact of carbon footprint to environment and to human health.

Under the contract, IWG and Pacific Ace will utilize the 2nd floor of The Gardens by Pacific Ace and is set open the shared workplace on August 2023 with a number of co- working desks, meeting rooms, and private offices.

IWG’s network coverage includes 3,500 locations across more than 120 countries and 83% of Fortune 500 companies among their growing customer base.

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“Through our brands including Regus, Spaces, HQ and Signature, we help millions of people and their businesses to work more productively. We do so by providing the world’s leading hybrid work platform with professional, inspiring and collaborative workspaces and digital services all available via the IWG application.”

“Subic has been ready for this business concept for at least 8 years and we’re now ready for Subic,” Wittig said.

He added that Subic is a strategic location that they have targeted for expansion since the

opening of Regus in Clark Freeport Zone in 2015. And since the business is well proven in Clark, Subic is a logical extension for it offers excellent logistics, free port, and development zones.

According to Renato W. Lee III, Senior Deputy Administrator for Business and Investment, he is certain that the new business concept in the Freeport is set to bring business to a whole new level.

Also present in the contract signing were SBMA Senior Deputy Administrator for Regulatory  Group Amethya L. Koval who is also Ecology Head of SBMA and several Freeport locators’ representatives.

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