Servcorp

Servcorp Limited is an Australian multinational office services company founded in 1978.[5] The company provides Serviced Offices, Virtual Offices and Coworking Spaces across multiple international markets.[6]

As of June 2025, Servcorp maintained operations in 40 cities across 19 countries,[7] comprising more than 150 locations worldwide.[8] Its office are located in commercial buildings, including those in New York, London and other global financial centers. According to a 2017 article in Entrepreneur, Servcorp has provided office and virtual office services to clients including Lyft, Morgan Stanley, J.P. Morgan, and Cartier.[9]

History

International expansion

2000–2014

In the early 2000, Servcorp extended its network through Europe, Asia, and the middle East. by 2003, the company employed more than 130 staff in Tokyo.[15] It opened is first United Kingdom office in 2009 [16] and its first United States office in 2010.[16]

The company entered the Turkish market in 2010, later adding a second Istanbul office in 2011.[17][18] 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.<[19]

2015–2019

From 2015 onward, Servcorp focused on upgrading technology infrastructure and expanding in high-growth regions.<[20] in 2017, it announced plans to modernise its office systems and refurbish key sites.<[6] The company opened its first German office in Berlin in 2019.<[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]

Recent developments

In 2020, Servcorp opened new offices in One Museum Place in Shanghai, and expanded its existing location in Hobart and Brisbane.<[25] In 2021, the company launched a new centre in the Philippine Stock Exchange Tower.<[26]

Between 2019 and 2022, Servcorp was affected by COVID-19 pandemic. Global lockdowns and travel restrictions reduced office demand.<[27] In response to the pandemic, leading the company to implement cost-cutting measures, reduce staff, and introduce health and safety protocols across its locations.<[28] In 2020, the company announced the closure of 12 U.S. locations as part of a reorganisation,<[29] while retaining a presence in Chicago, Houston, New York, and Washington DC.<[29]

type	Public
traded as	asx: SRV
industry	Serviced Offices
foundation	1978
founder	Alfred Moufarrige
location city	Sydney
location country	Australia
num locations	150+ locations
key people	Mark Vaile - Chairman‡R1R‡ Alfred Moufarrige - CEO‡R2R‡ David Hunt - CFO‡R3R‡ Daniel Kukucka - CIO‡R4R‡
products	Virtual Offices, Serviced Offices, Meeting Rooms, and Coworking Spaces
homepage	http://www.servcorp.com