SUBIC BAY FREEPORT — The Subic Bay Metropolitan Authority or SBMA has opened its first-ever hybrid workspace at Regus Subic in the Pacific Ace Building. The shared workspace includes co-working desks, meeting rooms, and private offices.

SBMA Chairman and Administrator Jonathan D. Tan said that the establishment of Regus Subic would entice more companies to locate in the Subic Bay Freeport Zone.

"This shared workspace provides investors with a platform before expanding to a bigger facility," he said.

Pacific Ace President Virginia S. Dio said that Regus Subic is a strategic location that will attract more investments and developments in the Subic Bay Freeport.

"The location will be a most valued addition to our network," she said.

IWG Chief Wittig said that the inclusion of Subic Bay Freeport in the Regus brand of IWG is a major milestone for the company.

"Subic Freeport is a strategic location that we have targeted for expansion since the opening of Regus in Clark Freeport in 2015," he said.

IWG is a global leader in hybrid work solutions and workspace brands. The company has a network coverage that includes 3,500 locations across more than 120 countries. About 83 percent of Fortune 500 companies are part of their customer base.

Aside from Regus, the company also owns Spaces, HG and Signature that provide shared workspaces and digital services available via their IWG app.