The concept for Servcorp started with a piece of chalk. After noticing that his fledgling enterprise was not using its office space to capacity, founder Alfred Moufarrige began dividing it with chalk lines and renting the unused space to other businesses and entrepreneurs.
Within a year, in 1978, the company had outgrown its single corner office and filled multiple floors across two Melbourne locations. Just two years later, Servcorp pioneered the virtual office concept, allowing businesses to present a professional front without the expense of leasing physical space.
International expansion did not take long. Servcorp opened its first overseas office in Singapore in 1987, shortly followed by locations in Japan in 1994. By 2002, the company was operational in China and the Middle East. More international locations followed across the UK in 2009 and the US in 2010.
Today, the company offers serviced offices, virtual offices, coworking and IT solutions in 150 sites across 41 cities in 20 countries. These include some of the world’s most prestigious business locations at One World Trade Center in New York, London’s Leadenhall Building, Two International Finance Centre in Hong Kong, Marina Bay Financial Centre in Singapore, and Etihad Towers in Abu Dhabi. In 2022, company revenues exceeded USD 275m.
As well as driving change in the world of workspace, Servcorp is committed to protecting the planet. The ‘Servcorp Forest’ of more than 55,000 trees spans around 480,000 square metres of land – larger than the combined floorspace of its global office network. The initiative is estimated to capture and remove over 14,000 tonnes of carbon dioxide from the atmosphere during its lifespan.
