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Servcorp
Australian office services company From Wikipedia, the free encyclopedia
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Servcorp Limited is an Australian office services company founded in 1978[5]. The company operates Serviced Offices, Virtual Offices and Coworking Spaces internationally[6]. As of June 2025, the company maintained locations in 40 cities across 19 countries[7], with more than 150 locations worldwide[8]. Office locations include buildings in New York, London and other major cities.
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History
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Foundation and early growth
Servcorp was founded in Sydney in 1978 by Alfred Moufarrige[5]. In 1986,virtual office service were introduced to clients [9]. International expansion began in 1987 with entries into Asia[10] followed by entries into Japan in 1995[10] and France in 1987[11]. Servcorp listed on the Australian Stock Exchange in 1999[9], the same year it opened its first offices in Shanghai[12]. Followed by the company being listed on the Australian Stock Exchange[13].
International expansion 2000–2014
In 2003, The Age reported that the company employed 130 staff in Tokyo[14]. The company later expanded into Europe and North America, opening its first United Kingdom office in 2009 [15] and its first United States office in 2010[15]. In 2010, it entered the Turkish market[16], adding a second Istanbul office in 2011. In 2014, Servcorp opened a location in Beijing's Fortune Financial Center and signed a lease for office space in the One World Trade Center in New York City[17].
Recent developments 2015–present
In 2017, the company announced plans to upgrade its office infrastructure[6]. In February 2019, Servcorp opened its first German office in Berlin[18]. In 2020, Servcorp opened an office at One Museum Place in Shanghai and expanded existing location in Hobart and Brisbane[19], followed by a new location in the Philippine Stock Exchange Tower in 2021[20].
Further openings included Yanmar Tokyo Promenade Building and Bell Gully New Zealand in 2023 [9]. and an office in Riyadh's King Abdullah Financial District (KAFD) in June 2024[21].
In 2017, the Australian Competition & Consumer Commission (ACCC), a competition watchdog, alleged that the standard form contract used by Servcorp was unfair and pursued court action[22][23]. In 2018, an Australian Federal Court declared that 12 terms in the standard contracts used Servcorp were unfair. As part of the outcome, Servcorp agreed to a compliance program for its Australian business and agreed to pay the ACCC's legal costs[24].
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Products and Services
Virtual Office
Virtual office services were introduced to Servcorps clients in 1986[9]. This service provide businesses with a business address, telephone answering, and receptionist facilities without requiring a permanent office[25]. Additional services include access to meeting rooms, coworking spaces and administrative assistance[25].
Serviced Office
Servcorp provides serviced office spaces, which include basic infrastructure and administrative support[26]. As of 2024, the company operates across 20 countries and 132 floors in 40 cities[27].
Coworking
Servcorp operates coworking spaces[6], which individuals and teams from different companies work in a shared, communal space[28].
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References
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