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The International Workplace Group (IWG) and The Alternative Bank have formed a strategic partnership to meet Nigeria’s growing demand for flexible workspaces.
Speaking at the signing in Lagos, IWG Country Director, Ayo Akinmade, said the partnership wasn’t just about creating offices for people to use but to create a space that would be used for productivity
Akinmade said that beyond creating a workspace, the partnership would also enable professionals and entrepreneurs that use the space to meet their banking needs as they want it and whenever they want it. Chief Executive Officer, EMEA of International Workplace Group Plc Marc Descrozaille, said the establishment of its latest workspace office in Lagos is to further strengthen its much-needed footprint in Nigeria.
Descrozaille said the Lagos opening, an important business hub, is a boost to its expansion plans.
He said the need for high-quality flexible workspaces continues to soar as hybrid working becomes the new norm.
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He said that by bringing high-quality office spaces to Lagos, International Workplace Group enables local people to experience living in a city where workers work close to their homes without commuting far from where they live.
Managing Director and Chief Executive Officer of Sterling Bank, Abubakar Suleiman, said location is the bank’s interpretation of embedded banking in real life.
“What we see here today is part of a holistic thinking for the Sterling Group. The expression of this place is through our subsidiary, The Alternative Bank Limited,” adding that one of the challenges to creating workspaces is financing, as businesses find it difficult to access the right financing for workspaces like this and scale.
He said the Alternative Bank, being a real sector-focused bank, has the funding base to support the development of spaces like this.
The HQ workspace is set to open in Lekki in March 2025 and will be on the 2nd and 3rd floor, while the Regus location at Mansard Place will be on the 3rd floor of the six-storey building and will open in February 2025.
