Regus Opens New York's World Trade Center Space 45 Percent Leased: Regus Adds 50,000 Square Feet to Network of 400 Centres in 50 Countries,

June 13, 2001, Business Wire, "Regus Opens New York's World Trade Center Space 45 Percent Leased: Regus Adds 50,000 Square Feet to Network of 400 Centres in 50 Countries,"

Business Editors

PURCHASE, N.Y.--(BUSINESS WIRE)--June 13, 2001

Regus Business Centres (Nasdaq: REGS), the global leader in supplying outsourced officing solutions, launches its new Two World Trade Center location today with 45 percent of its space under contract. 

"Interest in this space is very robust," said Jim Howland, CEO Regus Americas. "Everything about this location is unique, especially our lease terms and the ease of entry we provide into this and other world markets. Unlike a conventional lease or sublease, Regus allows companies to determine the exact amount of space they need, only for the time they need it. The strength of this opening tells us we are providing the market with a product it wants."

Regus presence in the World Trade Center affords companies needing individual or multiple offices, whether Fortune 500 corporations or consultancies, the opportunity to locate at one of the world's most prestigious business addresses. According to Bob Gaudreau, EVP Sales and Corporate Development, "the World Trade Center management leases in half-floor minimums of 25,000 square feet. The Regus opening affords companies needing less square footage access to this prominent location below what it would cost to operate in a much less desirable building." 

Cost comparisons provided by Regus illustrate the cost benefit to companies of varying sizes. For example, over the course of a 36 month lease Regus can save a company employing 10 people in 2,500 square feet approximately $240,000.

Regus' New York portfolio includes two business centres at 245 Park Avenue. That property is 85 percent leased. 

Located in 50 countries with nearly 400 business centres, Regus is the world leader in supplying outsourced offficing solutions. With 70,000 workstations, Regus' global breadth allows clients to match their workforce to exactly the workspace they need, when and where they need it, for as long as they need it. This approach empowers companies to remain agile in a highly unpredictable business climate. Regus' full menu of business support services includes video-conferencing, desktop publishing, administrative support and concierge services.