Read More "As people return to the office, these are the ASX shares set to benefit"
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]]>As people return to the office, these are the ASX shares set to benefit
The return to the office is happening and it will be good news for some ASX stocks and REITs.
It has been a very gradual process but the Property Council of Australia yesterday claimed it was in full swing.
It estimates that in March, Melbourne’s offices returned to 35 per cent up from 13 per cent in December while Sydney is at 50 per cent, Brisbane at 63 per cent while Adelaide, Hobart and Perth are all over 70 per cent.
The council’s boss Ken Morrison declared while the shift was underway there as some way to go and it was key to Australia’s COVID-19 recovery.
“City centres need to be driving the next stage of economic recovery as government stimulus and support measures wind down,” he said.
“Millions of jobs and hundreds of billions of dollars in broader economic activity are reliant on a high level of activity within Australia’s CBDs.
“It is critical that policymakers and employers come on the journey with industry over the coming months to boost office occupancy levels.”
The return to the office is good news for ASX stocks and REITs that rely on commercial offices.
Return to the office beneficiaries on the ASX
One is serviced office provider Victory Offices (ASX:VOL) which listed at $2 per share in 2019 but is now just 25 cents.
Fellow serviced office stock ServCorp (ASX:SRV) has also been hit, albeit to a lesser degree, and has also said it can be part of the new norm.
Last month when it released its financial results it said when the pandemic ends “flexible workspaces will be more important than ever”.
Two larger office providers are Dexus (ASX:DXS) and Mirvac (ASX:MGR) which both have market capitalisations above $9 billion.
The latter of these stocks noted in its recent financial results office demand was below pre-COVID highs and these may never return. But it claimed modern high-quality assets would outperform their peers going forward.
Then there are a a handful of Real Estate Investment Trusts (REITs) that have particularly high exposure to commercial offices.
The two with the most optimistic investors are Centuria Office REIT (ASX:COF) which has gained 21 per cent in the last 12 months and Elanor (ASX:ECF) which is up 11 per cent.
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]]>The post Victoria’s coronavirus lockdown rules end for some workers, but Melbourne CBD may be forever changes. appeared first on Victory Offices.
]]>Victoria’s coronavirus lockdown rules end for some workers, but Melbourne CBD may be forever changes.
Melbourne office workers are now allowed back to work — but after nine months of working from home, the future of the CBD still remains unclear.
When the workers from tech consultancy firm Digital First got together for the first time since March, it wasn’t at their usual office in the city. Instead, the team hired a boardroom through Victory Offices in a high-rise just a few blocks away.
Back in September, and in the middle of Melbourne’s second lockdown, managing director Grant McWhirter decided not to renew Digital First’s office lease.
For a tech company already fully integrated in the cloud, working remotely didn’t present any insurmountable challenges.
“We thought about social distancing, the effort of getting up to the floor in the lift, and the increased commute for employees, and we sort of said, ‘You know what? We don’t need to work in the city’,” Mr McWhirter said.
Since November 30, businesses have been allowed to get back into the office with up to 25 per cent of their staff, but that’s unlikely to lure Mr McWhirter and his team back to a traditional working model.
“We don’t know how long the pandemic’s going to go on for and it’s not impacting our business. At some point, we might reconsider or look at alternatives, but I don’t believe we’ll go back to a five-day-a-week office, with all the staff in the office.”
Infection fears may slow return to the Office
In an October survey of its Melbourne tenants, Dexus — one of the country’s largest corporate landlords — found two of the biggest concerns for businesses returning to work once restrictions were lifted were the risk of infection, and staff willingness to use public transport to and from work.
Businesses told Dexus they expected public transport usage by their workers to drop from 70 per cent down to 40 per cent for the first three months after returning to work.
For Digital First’s Mr McWhirter, the daily commute to work was a major factor when deciding to give up the firm’s CBD lease, but he’s also reluctant to do away with face-to-face interaction entirely.
“The team are quite happy working from home at the moment, but we are aware that that won’t last forever,” Mr McWhirter says.
“We’re considering options such as coworking spaces where we can have more flexibility, rather than the commitment of an office five days a week.”
Flexible spaces for uncertain time
In the weeks following the end of Melbourne’s lockdown, flexible office space provider Victory Offices received a significant increase in enquiries – particularly at their suburban locations.
“The pandemic has shown a lot of businesses that they don’t need to lock themselves into a commercial lease,” Misha Baxter, Victory Offices Global General Manager said. “Working from home has allowed organisations to learn they don’t need a big home base or HQ, so they can spread themselves out with lots of different hubs for their employees.
Many businesses are now setting up “hubs” in the suburbs to reduce the need for their employees to commute to the CBD and stagger the number of people and days needed per week. This also allows them to ensure the same standards of furniture, technology, and security are met, with meeting rooms and collaborative spaces available as well to help maintain teamwork and communications.
“Then people can still work from home but also have an alternative place to work too. Then they might only need to come into the city for occasional meetings.” Misha remarked.
Many well-established companies are now rethinking workspace requirements including using flexible office space as they realise the benefits of having the flexibility to rent real estate on a shorter-term basis and the exact size of office they need, at the exact time they need it, with the ability to scale up or down and customise and tailor-fit their office space according to their business needs.
They are looking to conserve cash and increase flexibility rather than take the risk of locking themselves in to a long-term office lease and having the furniture and utility overheads on top of that.
It’s now been nine months since Victorian workers have been in the office, and the flow-on effect of their absence is being keenly felt in Melbourne’s CBD. But many businesses are seeing positive changes in the way they work and how this will transform their business office space needs in the future.
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]]>Read More "Victory Offices included as one of the Top 15 Coworking Spaces in APAC"
The post Victory Offices included as one of the Top 15 Coworking Spaces in APAC appeared first on Victory Offices.
]]>15 APAC Spaces on Global Pass
As the first-ever truly global coworking membership, Coworker’s Global Pass offers seamless access to thousands of coworking spaces in over 540 cities and 108 countries (with more spaces being added every day).
Hosted on the Coworker app, Global Pass offers the ultimate flexibility for users who want to book a day of coworking. For just $50 USD per month, users can access five days of coworking at any space in the Global Pass network. Credits can be topped up at any time, allowing users to utilize coworking spaces near them as often as they need.
Already, thousands of coworking spaces around the world are registered as Global Pass host spaces, which means as soon as you subscribe, you can start exploring different spaces in your city. In particular, the Asia-Pacific (APAC) region has proven to be one of the most in-demand locations for coworking, especially since it is one of the only regions that has bounced back to pre-COVID-19 levels of usage.
APAC proves resilient amidst pandemic
According to CEO of Office Hub, Grant Philipp, APAC is on track to exceed 100% of it’s pre-COVID-19 enquiries for flexible office space this month as lockdowns ease and city centers start to reopen. In Asia in particular, Hong Kong has proven to be the most resilient country according to the broker’s recent dealings, followed by Thailand, Singapore, and Malaysia.
If you are looking for accessible workspace in APAC, you can utilize Global Pass to visit hundreds of spaces throughout the region by some of the world’s leading operators.
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]]>Read More "INDUSTRY PAPER: Rethinking Remote Work"
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]]>What Will A Hybrid Model of Working Look Like?
Will remote work become the model of choice for organisations, will traditional offices remain number one, or will a hybrid model of working become the path of the future?
Working From Home
& "Zoom Fatigue"
Remote Working
Pros & Cons
The Role Of Flexible Workspaces
Beyond The Pandemic
working from home -
by industry
Roy Morgan multi-mode survey of Australians conducted from the weekend of April 17-19, 2020 through to May 29-31, 2020, n=9,905 including 6,637 working Australians aged 14+.
INDUSTRY PAPER:
RETHINKING REMOTE WORK
One of the great fears we face is that despite our efforts, cracks are beginning to emerge as remote work stretches on and the return to office-life is incalculable.
But beyond working from home in the early days of the pandemic to now rethinking its longevity and sustainability –
What will a hybrid model of working look like?
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]]>Read More "A “V” for Victory! Serviced Offices to Bounce Back Strongly from the COVID Crash"
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]]>A “V” for Victory! Serviced Offices to Bounce Back Strongly from the COVID Crash.
COVID-19 has claimed many casualties however office life will not be one of them. Rather, our relationship with the office is likely to evolve into one that places an increased value on flexibility, cost efficiency and the ‘network economy’. Consequently, a strong structural tail wind supports future revenue growth in ASX listed stocks such as Victory Offices (VOL.ASX) who provide a premium product in the market place and are backed by a strong management team capable of assisting businesses adjust and thrive in the ‘new normal’.
Why serviced offices? Why now?
Work place flexibility is not new and many businesses have been evolving their property foot print over the last five years. In a typical medium to large business training days, annual leave, working from home, external client appointments and conferences typically result in only 60% of the permanent work force at their desk at any one point in time. As such, the utilisation of larger floor plates is changing with a greater emphasis now on collaborative spaces and technology in bringing people together, both within and across teams, in order to achieve a set task.
Interestingly, recent research undertaken by Dexus1 shows that whilst 78% of their survey participants indicated that they liked working from home, 80% of the total indicated that they actually missed being in the office – a clear signal that people are actually looking for a mix of both worlds.
So what then is the attraction of serviced offices?
1. Flexibility.
Some companies may be seeking to build, or be in the early stages of building a presence in another state and wish to be able to scale up or down their premises quickly depending upon market conditions. Additionally, and perhaps more acutely in the current environment, some companies that have otherwise put their primary location into mothball may still need to bring essential workers together in an environment with enough space to enable social distancing but without the long-term lock in of a traditional lease.
2. Cost Efficiency.
Not all businesses will be able to commit to large scale leases in premium office complexes, however still value the location, proximity to clients and surrounding amenities (social and infrastructure) that are attractive to staff.
Such businesses could be start up companies looking to break into the corporate market, mid-tier professional services firms looking to reduce rental overheads without sacrificing location or status.
3. The ‘network economy’.
Serviced offices have long been a hot bed of innovation, particularly in the technology sector where synergies between different parts of the start up ecosystem have long been fostered, however the potential is far greater than this. Opportunities also exist for established companies to lease out ‘neutral turf’ for joint venture and partnership based projects, becoming closer to key clients and other stakeholders with the lottery ticket of a serendipitous interactions with a fluid and diverse range of office ‘co-workers’.
Why Victory Offices?
As a pure play on the serviced offices thematic with a premium product in the market place and a strong management team, Victory Offices find themselves in a very strong position.
This is not to say that the company has not had its challenges in recent times – the COVID-19 pandemic saw tenancies plummet from 80% down to 20% in a very short period of time, but with a share price sitting at less than 20% of its 12 month high ($2.55), an accelerated pipeline of opportunity from both new and established market segments, a national foot print with 24 different locations and a $15.3M balance sheet recapitalisation that should see the company through for at least the next 18 months (based on cash burn of ~$700K p/m) the stars are starting to align.
Importantly, not many stars need to align for this to all work out.
Victory Offices need about 45% of their office space to be tenanted in order to break even and management are estimating tenancy figures of around 80% by the end of FY21. With $15M in the bank post recapitalisation and a cash burn of somewhere around the $600K – $700K per month mark the company has a reasonable runway to get back above the break even point and potentially push above the $0.80 per share mark over the medium term (currently $0.35 p/s). Are there risks to this investment thesis? Absolutely. Extended and expanded lockdowns throughout the country, alongside the potential for systemic changes in the relationship between landlord and tenant could result in a few bumps along the way. However a lot of these risks have been factored into the price and management are solid, making this one to watch.
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]]>Read More "Trading Halts and Capital Raising: The Purpose vs The Perception"
The post Trading Halts and Capital Raising: The Purpose vs The Perception appeared first on Victory Offices.
]]>Trading Halts and Capital Raising:
The Purpose vs the perception
Whether you invest in the Australian Stock Market (ASX) or not, a trading halt has the potential to sound ominous and worrying, however it’s not so uncommon in volatile economic climates and is more considered as a viable channel for organisations to take to protect their businesses and its shareholders. We are seeing many companies voluntarily suspend trading in a bid to accelerate recovery and secure their future.
Victory Offices had a one and a half month trading suspension in April and following that time off, announced the success of securing $15 million in Capital Raising. The funds raised will be used to strengthen the company’s balance sheet to manage the ongoing impact of COVID-19 and to fund working capital requirements of the business over the next 12 months.
CEO Dan Baxter stated, “the equity raising announced today, alongside operation and cost saving initiatives, will position Victory Offices to overcome adversities associated with COVID-19 and current market conditions.” It is a step in Victory Offices’ COVID-19 recovery plan and said to put Victory in a stronger position than their competitors.
It is not only Victory Offices that has had to halt trading and undertake strategies such as raising capital to place them in a better position as business conditions improve. Local and global companies are doing the exact same. For example, retail and services business – Kogan (ASX:KGN), vitamins group – Blackmores (ASX:BKL), and health food company – Freedom Foods (ASX:FNP), have also implemented a trading halt. Just last Thursday, Australian airline – Qantas (ASX:QAN), announced a trading halt and a capital raising of $1.9 billion to accelerate its recovery and position itself for new opportunities.
Although some may view a trading halt and efforts to raise capital as a sign of insecurity, it more so reveals the corporate support a company has gained. When a company has secured capital, it shows that investors see potential in the company’s future growth trajectory and the ability to sustain rapid revenue growth.
Victory Offices have now re-opened on the ASX market and their recent equity raising has positioned them to weather the situation that COVID-19 has caused the commercial real estate industry. According to Baxter, Victory forecasts an occupancy rate of 20% up to September, rising to 50% of “pre COVID-19 levels” by December and 80% by June 2021. Exceedingly promising statistics within 12 months for all invested both personally and financially with Victory Offices.
During this unprecedented period, it is crucial that companies deem it necessary to strengthen their balance sheets and liquidity position as the road to recovery will be long. These are a sign of the times and as more companies have their business operations severely disrupted due to ongoing COVID-19 government regulations, it won’t be surprising to see more trading halt and capital raising announcements on the ASX. Let’s just hope they all result in a positive outcome such as this one.
As business longevity and profit margins continue to be the talk of the town, flexible workspace providers are seeing a surge in demand, with small to large organisations utilising flexible workspaces to mitigate risk wherever possible.
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]]>Read More "Why Businesses Are Looking Toward Flexible Workspaces to Mitigate Risk"
The post Why Businesses Are Looking Toward Flexible Workspaces to Mitigate Risk appeared first on Victory Offices.
]]>Why businesses are looking towards flexible workspaces to mitigate risk
Flexible workspaces, such as coworking and serviced offices, are often recognised as the perfect solution for startups and small businesses looking to take that next step in their business. But following the impact of COVID-19, it’s not only startups that are considering shared workspaces. Established businesses are putting flexible workspace solutions at the top of their risk mitigation strategies. So will you follow suit?
We’ve seen a growing demand for flexible workspaces with a 30 per cent rise in the number of customers worldwide over the past couple of months. Private serviced offices, coworking spaces and shared spaces, virtual offices, as well as hot desks, have become an appealing and viable option for a larger section of the economy.
“The pandemic has shown a lot of businesses that they don’t need to lock themselves into a commercial lease”, says Misha Baxter, Global General Manager at Victory Offices.
In a 2019 survey of 19,000 business professionals across 96 countries, 73% of respondents said flexible working helped them to mitigate risk. This number is expected to grow significantly as businesses around the world further recognise the importance of the ability to pivot business operations as crises occur.
With so many industry-leaders focusing their efforts on business continuity, fortification, and revenue generation, many are asking themselves, how can my workspace adapt to the new ‘normal’ and how can it help manage new risks?
Following suit of these durable organisations can prove significantly beneficial for your business by considering the multiple avenues available to help ensure success, especially during these unpredictable times.
If you’re transitioning back to ‘normal’ business, or even just thinking about getting back to work, here are 5 reasons to keep in mind on why flexible workspaces are being considered across the globe as the best solution to mitigate business risks:
1. Reduce Financial Risk
Coworking spaces and serviced offices allow you more room-to-breathe financially as you can tailor packages to meet your exact needs and requirements, paying only for what you need and therefore minimising unnecessary expenses. With monthly invoicing covering all office, reception, furniture, cleaning, telecom, etc. expenses, the forecasting of your month-to-month cashflow and capex are significantly easier to not only manage, but optimise. This is incredibly advantageous as the hardest cost to minimise for SME’s are inherently the overhead costs required in traditional long-term leases.
2. Minimise Security Risks
It’s critical that businesses secure both their company data and that of their clients. A 2019 Australian Government report revealed one cybercrime is reported every ten minutes. As more professionals work from home, the risk of cyber security breaches is set to increase. Victory Offices’ flexible workspaces have an entire network of security measures put in place to prevent cyber attacks on your intellectual property.
3. Scalability
Coworking and serviced offices provide the freedom and flexibility to scale up and down at short notice. As businesses expand or reduce their workforce, flexible workspaces allow them to adjust accordingly with ease. Companies can have a full desk and IT setup essentially straight away, enabling them to get down to business immediately, as it’s simply ‘plug-in and play’. Whereas standard commercial leases are cumbersome, unadorned, lengthy, and can demand huge notice periods, making scaling to meet your business’ needs difficult, be it temporarily or permanently.
4. Focus on Core Business Operations
Business owners who utilise the advantageous services of flexible workspaces can ensure the seamless running of their business knowing that their administrative tasks are taken care of. Forget IT setup, daily cleaning, and reception duties, it’s all taken care of when you’re with a serviced office provider, so you have more time to focus on what really matters, your business.
5. Employee Acquisition and Retention
In this extremely connected and competitive occupational world, employee expectations and needs are everchanging. 84% of Australian workers would choose a job which offered flexible working over a job that didn’t. This includes working from home, working from a nearby location, working on the move, or just some breathing space to balance work-life commitments. If businesses want to succeed, they need to meet the ever-adjusting needs and expectations of employees and adopt flexible workspace strategies to help ensure they don’t risk losing out on top talent.
Generation Z will soon entail the majority of the workforce so it’s important to adapt your workplace and its benefits to this ‘digital generation’. By 2030, it is estimated that 30% of corporate real estate will be flexible. Get ahead of the game and consider a flexible workspace to obtain that winning edge over your competitors whilst also alleviating office expenses and operational restrictions.
It is crucial now and beyond, to seamlessly adapt processes and operations in order to negate business risks where possible. Thankfully, Victory Offices has remained open during the recent turbulent times, enabling members to continue working in a creative, risk-minimising, and safe space.
Victory Offices is currently offering a 2 weeks free trial so you can come in to any of our locations across Australia and experience the Victory difference for yourself and see how our exceptional facilities and amenities, award-winning services, and prime locations can help enhance your business.
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]]>The post We’re all in this together – How Victory Offices Can Support You During A Crisis And Beyond appeared first on Victory Offices.
]]>3 Ways Victory Offices Can Support You During A Crisis And Beyond
As our world navigates the difficult and uncharted waters of Covid-19 we want to discuss how Victory Offices can help support you and your business during this and any crisis.
Of course, it goes without saying, that Victory Offices have:
- Increased sanitization across all locations
- Offer flexible packages and your first two weeks free on any service
- We have postponed all in person events and replaced them with weekly virtual events.
- We have reduced staffing whilst ensuring job security for our amazing Victory family, and continue to monitor this pandemic as it evolves.
But we’re also looking beyond, we are not only here to ensure your business survives but is ready to thrive.
Whilst we can’t tell you what the future holds, we can help you future proof your business.
1. Where do we begin?
Grab a notepad and pen and watch the below video for The CHOICES Map; a series of questions that will help you navigate massive change and gain clarity in your life and business.
The CHOICES Map is a series of questions developed by authors and executive coaches Gail McDonald and Marilyn Bushey.
The questions have been slightly altered to be more relevant professionally.
If you would like to share some of your answers, please leave a comment!
2. Social isolation doesn't have to mean emotional isolation
Victory Offices strives to add value to your 9 to 5, whether that’s through our designer offices, our well trained staff, and, of course, through the plethora of events.
But of course, that all had to change, and we had to adapt.
In fact, we created a space digitally for human interaction by filling our event calendar with virtual events and webinars.
We want to support your need for community as well as your need to stay focused and motivated professionally.
3. There is a beginning, middle and end to every story
This too shall pass, will the future be different? Of course, but we will not be living in this Covid-19 silo forever, which is why we wanted to share three small but impactful reminders.
Remain consistent – As a crisis hits, our adrenaline spikes; we’re thrown into having to take quick action. However, it’s like a sugar high and the crash is inevitable.
Keep perspective – It’s important to lead with the big picture in mind. Anticipate and plan for what could happen next week, next month, and next year.
Focus on your people – Focusing on the daily metrics of your company will not be what brings you out of this, instead it will be those that make up your company.
Do you have any other questions or thoughts about how your business can survive a crisis? Include them in the comments below, that’s where the most important conversations happen!
Remember to subscribe to our channel Victory TV, and I’ll see you next time with more helpful videos so we can help you EXCEED THE BENCHMARK
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]]>Read More "THE ART OF FOCUS | WORKING FROM HOME"
The post THE ART OF FOCUS | WORKING FROM HOME appeared first on Victory Offices.
]]>THE ART OF FOCUS | WORKING FROM HOME
As everyone all over the world continues to self-isolate, lets talk focus, and specifically how you can do this at home. The likelihood is that you’re now surrounded by more distractions than ever, perhaps it’s your family, the laundry, the refrigerator, your cuticles, or the fact that you can’t remember the last time you watered the house plants.
Losing focus can take seconds, however gaining it back takes a lot longer than you might think.
So, how can we action exceptional focus at home? Watch the full video below:
For more informative videos like this, visit Victory TV
Gloria Mark, a professor in the Department of Informatics at the University of California, has proven that it takes 23 minutes and 15 seconds just to re-focus after losing it.
Who knew that quick scroll of your Instagram feed could carry such dire consequences to your productivity?
So here are a few tips on how you can execute exceptional focus at home…
PROBLEM NUMBER 1: The setup – separate your personal from your professional
Lastly set some boundaries with yourself, your family or your room mates. Let them know well in advance your working hours, and your hours for socializing.
Next, dress the part. Even though you’re at home it can be beneficial to get ready for work in the same way you would if you were going into the office.
Set up a dedicated home office with all the things you require to work efficiently.
PROBLEM NUMBER 2: Indecisiveness
Your quality of focus is more about what you DON’T do as opposed to what you do do? Saying a big fat decisive YES to saying NO will allow you the freedom to focus on what really matters. In fact, Warren Buffet has a wonderful method in determining exactly what to say NO to so you’re able to say yes to what’s most important.
THE WARREN BUFFET 2 LIST METHOD:
So simple and yet so powerful. This method is wonderful in helping you determine what deserves your focus and what doesn’t in your career. It’s also a method you can use to determine bigger life goals as well as determine what needs your attention in any given week, a habit that could easily be adopted on a Sunday evening or Monday morning.
So, first things first, take out your pen and paper and write down your top 25 goals, once again either for career, life or for the next working week.
Once you’ve written down your 25 goals circle your top five, the most important goals you really want to accomplish.
Now you have two lists, your Top 5 list of the most important goals, and a second list of 20 other goals. An A list and a B.
Now comes the point where one must, as Faulkner once said, kill your darlings.
“Everything you didn’t circle just became your avoid-at-all-cost list. No matter what, these things get no attention from you until you’ve succeeded with your top 5.”
Do you have questions or thoughts about executing exceptional focus at home? Include them in the comments below, that’s where the most important conversations happen, and where you can begin to find your community!
Remember to subscribe to our channel Victory TV, and I’ll see you next time with more helpful videos so we can help you EXCEED THE BENCHMARK!
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]]>The post A significant rise in new enquiries – Businesses are now looking forward to getting “back to work” appeared first on Victory Offices.
]]>A significant rise in new enquiries – Businesses are now looking forward to getting "back to work”
As we slowly see the roads a bit fuller in the morning and more people catching public transport, it’s apparent that businesses are slowly getting back to normal, returning little-by-little, taking in consideration all the restrictions necessary. As a result, we’ve seen the demand for flexible workspaces increase over the last few weeks.
Isolation has forced organisations to reflect on the way they operate and adapt to changing situations – Should more employees work remotely? Do we need such a large real estate footprint? What ways can we save on expenses? What does our business need right now? – This has led companies to turn to flexible workspaces as a solution.
Even prior to the recent announcement of the Government’s roadmap to slowly lift lockdown rules, enquiries have surged and businesses are hankering to get back up and running.
Flexible workspaces provide great value and you guessed it – flexibility.
We’ve been receiving an influx of startups, SMEs and large corporations looking to benefit from the myriad of solutions Victory Offices offers, providing them with the flexibility and tailorable requirements dependant on their situation, like the following cases.
From small to big companies, we have a variety of enquiries when it comes to private offices. Spaces to accommodate 1 to 3 people or to have an office big enough to fit 45-50 people, keeping social distancing in mind – it’s always easy to meet the needs of our members due to the range of locations and office types. A member asking for an office with a view, to make every work day more enjoyable – we’re more than happy to accommodate. Our focus is ensuring our members’ needs are met with superior amenities, prime locations, and 6-star customer services. As we did for Swire Oilfield Services
“I wanted to thank the Victory Offices Perth team for your professionalism and sensitivity during this time, having you supporting us has been extremely comforting at times and we appreciate that you went to that level for us”
While our suburb locations have continued to perform well during COVID, the enquiries for coworking across all of our suburban offices are increasing. A new trend is now emerging in suburban coworking – with organisations having realised there are more than just logistical benefits to offer their staff the flexibility to work closer to home, even if it’s just for a couple of days a week.
A training room enquiry came through for Victory Offices, with the need of a space big enough to accommodate 6 to 12 people as the business’ usual training room was at a capacity when adhering to the social distancing rules. At Victory Offices, our meeting rooms and boardrooms suit 4 – 12 people, and training rooms can seat over 200, so this was the key reason Victory Offices was selected as their solutions provider.
Virtual options are the best for those whose presence in the business world needs to be presented as professional and with prime addresses. It comes as no surprise that our Virtual Office services are particularly popular, with enquiries coming through not only for Virtual services, but also taking advantage of the additional amenities and secretarial services available to them. One of our latest enquiries needed a short-term full package from our virtual offers – and transitioning to a long-term package once their situation evolves. Victory Offices’ virtual packages are very flexible and interchangeable – which makes them one of the most popular amongst our members.
2020 is the year that companies have been forced to assess their operations and has provided the opportunity to break the mould and switch to a new model moving forward.
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]]>