Turnover rises at office rental firm IWG as it eyes Irish expansion

Company hoping to announce new Irish locations ‘very couple of months’ despite peril in the commercial property sector

International Workplace Group (IWG) operations through brands including Space, Regus and HQ

Shares at flexible office rental firm IWG pulled back on Tuesday, despite the firm heralding a record year for revenue, as investors focused on losses before tax reported in its latest accounts.

Revenue at the WeWork rival was up 8 per cent £3 billion excluding foreign currency fluctuations to £3.3 billion.

Ebitda, or earnings before interest, tax, depreciation and amortisation, was up 34 per cent to £403 million thanks to the increased revenue and a ...