PanJam Investment has acquired a 25-percent stake in Williams Offices.
Williams Offices, which is the Franchise Partner of Regus in the Caribbean, was established in Barbados in 2015 to license and operate the Regus brand and business model.
The announcement of the acquisition yesterday follows PanJam’s recent acquisition of a 6.1 percent stake in JMMB Group, valued at close to $2.7-billion.
PanJam’s Vice-President of New Business Development and Strategy, Joanna Banks says their investment in JMMB is in line with their long-term strategy to take meaningful equity positions in strong, growing companies with a regional reach.
Regus is the leading global workspace provider, having built an unparalleled network of office, co-working and meeting spaces for individuals and companies in almost 9-hundred cities across 120 countries.
Williams Offices opened its first Regus Business Centre in June 2016 in Barbados followed by Trinidad & Tobago. Its third center is located in the PanJam Building in New Kingston.