Servcorp

Last updated

Servcorp Limited
Company type Public
ASX:  SRV
Industry Serviced offices
Founded1978;47 years ago (1978)
FounderAlfred Moufarrige
Headquarters
Sydney
,
Australia
Number of locations
150+ locations
Key people
Alfred Moufarrige - CEO
Daniel Kukucka - CIO
David Hunt - CFO
Mark Vaile - Chairman
Colleen Susini - Senior Vice President USA [1]
ProductsVirtual Offices, Serviced offices, Meeting rooms, Coworking space
Website www.servcorp.com

Servcorp Limited is a Australian multinational company that provides Serviced Offices, Virtual Offices, Coworking Spaces, Meeting Rooms, Community Packages, and IT Services.

Contents

It was established in 1978 by Alfred Moufarrige [2] , who continues to serve as the company's Chief Executive Officer, and is Chaired by Mark Vaile [3] . Servcorp was listed on the Australian Stock Exchange in 1999. [4] As of 30 June 2025, it operates across 135 floors in 39 cities across 19 countries. [5] with more than 150 locations globally. [6] , including offices in buildings such as One World Trade Center, Marunouchi Trust Tower and Etihad Towers.

Servcorp has registered and owns a trademark for the phrase "Everything but the office". [7]

History

Foundation and early growth

Servcorp was founded by Alfred Moufarrige in 1978. [8] . In 1980, the company introduced a virtual office product [9] Expansion began In 1990 with an office in Singapore, [10] followed by growth in Southeast Asia, [11] France [12] and Japan. [13] Servcorp was listed on the Australian Stock Exchange in 1999 and opened its first offices in Shanghai, China, [14] the same year.

International expansion 2000–2014

In 2003, Servcorp was reported as the largest Australian employer in Japan with 130 staff in Tokyo [15] . The company expanded to Europe and North America with its first United Kingdom office in 2009 and its first United States office in 2010. [16] Servcorp entered Turkey in 2010 with an office in Istanbul Turkey [17] and added a second in Tekfen Tower in 2011. In April 2014, the company opened in Beijing's Fortune Financial Center, and in August 2014 signed a 15-year lease for space on the 85th floor of One World Trade Center in the New York City. [18]

Recent developments 2015–present

In February 2019, Servcorp opened its first office in Berlin, Germany. [19] During the late 2010s, the company invested in upgrading its coworking spaces. [20] In 2020, it opened an office at One Museum Place in Shanghai and expanded existing location in Hobart and Brisbane. [21] In 2021, Servcorp opened an office in the Philippine Stock Exchange Tower. [22]

In September 2023, the company added a coworking space in the TOHO Hibiya Promenade Building in Japan, [23] and in June 2024 it opened in Riyadh's King Abdullah Financial District (KAFD). [24]

Products and Services

Virtual Office

Servcorp introduced Virtual office services in 1980. [25] These services provide businesses with a business address, local telephone numbers, and receptionist support without requiring a permanent physical office. [26] They also include access to meeting rooms, coworking spaces and administrative assistance. [27]

Serviced Office

Servcorp operates Serviced office s, as an alternative to conventional leases. [28] These offices are furnished and provided under short-term agreements, [29] with services including internet access, telephone lines, reception staff and meeting rooms. Additional facilities include coworking areas, lounges, and administrative support. [30] As of 2024, the company managed approximately 141,000 square meters of office spaces across 20 countries and 132 floors in 40 cities [31] .

References

  1. ↑ "People at Servcorp". Reuters.com. Retrieved 31 May 2016.
  2. ↑ "Forty Years And Counting: Servcorp's Long-Serving CEO Alfred George Moufarrige". Entrepreneur Middle East. 21 May 2017. Retrieved 28 August 2025.
  3. ↑ "Servcorp Ltd (ASX: SRV) Share Price – Market Index". Market Index. Market Index. Retrieved 28 August 2025.
  4. ↑ "SERVCORP LIMITED details". Asx.com.au. Archived from the original on 4 March 2016. Retrieved 1 June 2016.
  5. ↑ "Market Announcement – Full Year Results (Servcorp Limited)". Market Index. 14 August 2025. Retrieved 22 August 2025.
  6. ↑ "International co-working outfit Servcorp to join Site 9". Willis Bond International. 4 March 2022. Retrieved 25 August 2025.
  7. ↑ IP Australia - Trade Mark number 1124080 – http://www.ipaustralia.gov.au
  8. ↑ "Forty Years And Counting: Servcorp's Long-Serving CEO Alfred George Moufarrige". Entrepreneur Middle East. 21 May 2017. Retrieved 28 August 2025.
  9. ↑ "Flexible Offices and Workspace Provider Profile – Servcorp". The Office Providers. The Office Providers. Retrieved 26 August 2025.
  10. ↑ "SERVCORP SERVICED OFFICES PTE LTD (198700527W)". Companies.sg. Retrieved 22 August 2025.
  11. ↑ "Serviced office provider helps SMEs beat big players". Philstar.com. 16 July 2012. Retrieved 1 June 2016.
  12. ↑ "SERVCORP PARIS (HOTTDESK-SERVCORPVIRTUEL)". Annuaire des Entreprises (data.gouv.fr). Retrieved 22 August 2025.
  13. ↑ "Servcorp Japan K.K. – Company Details". CareerCross. Retrieved 22 August 2025.
  14. ↑ "Servcorp". Shanghai. Retrieved 27 January 2024.
  15. ↑ Paul Robinson (20 October 2003). "Servcorp back at top end of town". Theage.com.au. Retrieved 1 June 2016.
  16. ↑ “Half-Year Results Presentation – December 2024,” Servcorp Limited, ASX announcement, 19 February 2025. Retrieved 25 August 2025, from https://www.marketindex.com.au/asx/srv/announcements/half-year-results-presentation-XX584359.
  17. ↑ “Full Year Results Presentation – 2010,” Servcorp Limited, ASX announcement, published 26 August 2010. Retrieved 26 August 2025, from https://www.marketindex.com.au/asx/srv/announcements/full-year-results-presentation-XX603501.
  18. ↑ Young, Celeste (26 August 2014). "Servcorp Takes 35K SF at 1 WTC". Commercial Observer. Retrieved 25 August 2025.
  19. ↑ "Full Year Results Presentation". Market Index. 28 August 2019. Retrieved 26 August 2025.
  20. ↑ "How WeWork forced Servcorp's transformation". Business News Australia. Business News Australia. November 2019. Retrieved 26 August 2025.
  21. ↑ "Annual Report to shareholders – Servcorp Limited (ASX:SRV)". Market Index. Market Index. 1 October 2020. Retrieved 28 August 2025.
  22. ↑ "Annual Report to shareholders – Servcorp Limited (ASX: SRV)". Market Index. Market Index. 8 October 2021. Retrieved 28 August 2025.
  23. ↑ "サーブコープ、日比谷駅直結 東宝日比谷プロムナードビル 最上階に新拠点を開設". PR Times (in Japanese). 4 August 2023. Retrieved 25 August 2025.
  24. ↑ "Servcorp boosts Saudi business landscape with KAFD expansion". Arab News. 22 June 2024. Retrieved 25 August 2025.
  25. ↑ Flexible Offices and Workspace Provider Profile – Servcorp | The Office Providers. Retrieved [today's date], from The Office Providers (https://www.theofficeproviders.com/servcorp-flex-office-provider/).
  26. ↑ "The history of the Virtual Office: From PO Boxes, to Tax Havens, to AI-Powered Solutions". House of Companies. 22 November 2024. Retrieved 26 August 2025.
  27. ↑ "The Evolution of Virtual Offices". VirtualOfficeEurope. Retrieved 26 August 2025.
  28. ↑ "What Are Serviced Offices?". Office Freedom. Retrieved 25 August 2025.
  29. ↑ "What Is a Serviced Office?". Coworkinged. Coworkinged. Retrieved 25 August 2025.
  30. ↑ "What Is a Serviced Office?". Coworkinged. Coworkinged. Retrieved 25 August 2025.
  31. ↑ "Servcorp enjoys stronger growth from flexible office". Green Street News. 22 August 2024. Retrieved 25 August 2025.
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