Business
Update on Investment Programme
Update on Investment Programme.
About this update from International Workplace Group Plc
[{"type":"text","content":"\n \nRNS Number : 1608G IWG PLC 25 May 2017 \n\n \n \nUPDATE ON INVESTMENT PROGRAMME - 25 May 2017\n\nPursuant to the Q1 trading update of 2 May 2017, IWG plc has seen some recent acceleration of investment activity.\n \nThis activity has included the acquisition of a number of freehold and long-leasehold properties which have flexible workspace operations. Current visibility on net growth capital expenditure for the financial year ended 31 December 2017 is now approximately £230m. This represents approximately 280 locations and 4.8m sq ft.\n \nOur financial expectations for the year remain otherwise unchanged and as described on 2 May 2017.\n \nFor further information, please contact:\n \n\n\n\n\nIWG plc Tel: + 41 (0) 41 723 2353\nDominik de Daniel, Chief Financial Officer & Chief Operating Officer\nWayne Gerry, Group Investor Relations Director\n \n\n\nBrunswick Tel: + 44 (0) 20 7404 5959\nNick Cosgrove\nSimone Selzer\n \n \n\n\n\n\n \n\n\n\n\nThis trading update contains certain forward looking statements with respect to the operations of IWG plc. These statements and forecasts involve risk and uncertainty because they relate to events and depend upon circumstances that may or may not occur in the future. There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by these forward-looking statements and forecasts. Nothing in this announcement should be construed as a profit forecast.\n\n\n\n\n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCMMGZKVDLGNZM\n ","length":3169,"tagName":"div"}]