Jamaicans buy into Williams Offices
A regional office franchise based in Barbados is now partly owned by Jamaican interests.
Williams Offices (Caribbean) Limited was established here in 2015 with a mandate to license and operate the international Regus brand and business model in several Caribbean countries.
Jamaica entity Panjam Investment Limited (Panjam) has now acquired a 25 per cent stake in Williams Offices, which is the Caribbean franchise partner for Regus. Regus operates a network of office, co-working and meeting spaces for individuals and companies in almost 900 cities across 120 countries.
Having opened its first Regus Business Centre in June 2016 at One Welches, Barbados, Williams Offices opened a second centre at Invader’s Bay in Trinidad and Tobago in March, 2017.
Now, the third centre will be located in the Panjam Building in New Kingston, Jamaica, and is earmarked to open later this month.
Barbadian entrepreneur Ralph “Bizzy” Williams, chairman of Williams Offices, said the partnershp with Panjam would “allow us grow faster throughout the Caribbean”.
“We are very excited about the prospect of bringing Regus to Jamaica. We are also delighted that Panjam has invested at the regional level,” he said.
Panjam chief operating officer Paul Hanworth said the investment in Williams Offices “represents our confidence in the region’s future and we believe it will contribute to our pursuit of creating long-term shareholder value”.
Williams Offices managing director and co-founder Mark Linehan added: “Flexible working spaces are rapidly gaining popularity around the world and we look forward to bringing these cutting edge practices to Jamaica.”
“Fitted out with the latest technology, our fully equipped business centre will meet the needs of both small and large businesses, whether they are looking for dedicated office space, meeting rooms or a business lounge – all of which they can use on a daily, weekly, monthly or yearly basis,” he said.(sc/pr)