Servcorp
An Australian multinational provider of serviced offices, virtual offices, coworking spaces, meeting rooms, and related business support services.
Last updated August 22, 2026
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Overview
Servcorp Limited is an Australian office-services company founded in Sydney in 1978 by Alfred Moufarrige. It operates a network of serviced offices, virtual offices, coworking spaces, meeting rooms, and associated administrative and communications services for companies, entrepreneurs, consultants, and mobile professionals. Rather than competing primarily as a conventional long-term commercial landlord, Servcorp packages office infrastructure, professional addresses, reception and administrative support, telecommunications, meeting facilities, and flexible workspace access into service-based arrangements. The company’s early development was based on physical serviced offices, but its business model broadened significantly in 1986 when Servcorp introduced virtual-office services. These offerings allowed customers to use a business address and access communication or administrative support without maintaining a conventional dedicated office. This created a lower-commitment entry point for businesses entering new markets and for professionals who needed a credible commercial presence without the cost of a permanent lease. Servcorp began international expansion in 1987, adding centers in Asia and France, and entered Japan in 1995. It listed on the Australian Securities Exchange in 1999, the same year it opened in Shanghai. During the 2000s and early 2010s, the company expanded through major commercial and financial centers in Europe, Asia, the Middle East, and North America. Its first United Kingdom location opened in 2009, followed by its first United States location in 2010. The company also entered Turkey in 2010, opened an additional Istanbul center in 2011, established a Beijing presence in 2014, and secured space at One World Trade Center in New York in the same year. Servcorp’s market proposition is generally centered on premium locations, business-ready infrastructure, and flexibility. Its customers can use a fully equipped private office, a shared coworking environment, a meeting room, or a virtual-office package depending on their operational needs. The company has also promoted integrated technology and communications support as a differentiator, particularly for customers operating across borders. Public descriptions of its client base have included large corporations as well as start-ups and professional-services users. From 2015 onward, Servcorp emphasized technology upgrades, office-system modernization, and refurbishment of selected centers while continuing to expand geographically. It opened its first German office in Berlin in 2019. The COVID-19 period placed pressure on the office-services sector as lockdowns, travel restrictions, and changes in workplace behavior reduced demand in many markets. Servcorp responded with cost controls, staffing reductions, health and safety measures, and a reorganization of its United States footprint. In 2020 it announced the closure of 12 U.S. locations while retaining centers in Chicago, Houston, New York, and Washington, D.C. The company subsequently resumed expansion. New or expanded locations were reported in Shanghai, Hobart, Brisbane, and the Philippines in the early 2020s. In 2023, revenue recovery was accompanied by openings in Japan and New Zealand. Servcorp entered Riyadh’s King Abdullah Financial District in 2024 and added further Saudi Arabian locations in 2025. As of June 2025, the company was reported to operate in 40 cities across 19 countries, with more than 150 locations. Its current identity is therefore that of a global flexible-workspace and business-support provider with an Australian corporate base and a concentration in internationally connected commercial districts.
History
Servcorp was established in Sydney in 1978 by Alfred Moufarrige. Its original business was based on serviced office space, giving customers access to furnished and supported premises without requiring them to build and operate a conventional office independently. In 1986, Servcorp broadened the model by introducing virtual-office services. The new offering enabled customers to use a commercial business address and related administrative support while operating without a full-time physical office. International growth began in 1987, with expansion into Asia and France. Japan became an important market after Servcorp entered the country in 1995. The company reached a significant corporate milestone in 1999 by listing on the Australian Securities Exchange; that year it also opened in Shanghai, marking its entry into mainland China. During the 2000s, it developed a broader network across Asian, European, and Middle Eastern business centers. By 2003, the company reportedly employed more than 130 people in Tokyo. The next stage of expansion included the United Kingdom in 2009 and the United States in 2010. Servcorp entered Turkey in 2010 and added a second Istanbul location in 2011. In 2014 it opened in Beijing’s Fortune Financial Center and signed a lease for space in One World Trade Center in New York. These developments reflected the company’s strategy of locating its centers in prominent commercial buildings and internationally recognized financial districts. From 2015 through 2019, Servcorp concentrated on network development, technology infrastructure, and modernization of existing centers. The company announced plans to update office systems and refurbish selected sites, and it opened its first German office in Berlin in 2019. Its service portfolio during this period combined private serviced offices, virtual offices, coworking, meeting rooms, and business-support functions. Servcorp also faced regulatory scrutiny in Australia. In 2017, the Australian Competition and Consumer Commission pursued court action concerning terms in Servcorp’s standard-form contracts. In 2018, the Federal Court found 12 terms unfair. The outcome included a compliance program for Servcorp’s Australian operations and payment of the ACCC’s legal costs. The COVID-19 pandemic disrupted the company’s markets between 2019 and 2022. Lockdowns, travel restrictions, and changing office requirements reduced demand and led Servcorp to introduce cost reductions, reduce staffing, and implement health and safety procedures across its locations. In the United States, the company announced the closure of 12 locations in 2020 while retaining offices in several major cities. The restructuring followed a reported 22 percent revenue decline to A$275.7 million; this figure is included only as a period-specific reported result rather than as a current valuation or financial estimate. After the pandemic shock, Servcorp returned to expansion. It opened or expanded centers in Shanghai, Hobart, and Brisbane in 2020, and launched a center in the Philippine Stock Exchange Tower in 2021. In 2023, recovery was supported by new locations in Tokyo and New Zealand. The company opened in Riyadh’s King Abdullah Financial District in June 2024, then expanded its Saudi Arabian presence with another KAFD floor and locations in Madinah in 2025. By June 2025, Servcorp was reported to have more than 150 locations in 40 cities across 19 countries.
- 2025
Further Saudi Arabian locations
[1]The company added another floor in Riyadh’s KAFD and locations in Madinah.
- 2024
Riyadh expansion
[1]Servcorp opened a center in Riyadh’s King Abdullah Financial District.
- 2021
Philippine Stock Exchange Tower center launched
[1]Servcorp opened a new center in the Philippine Stock Exchange Tower.
- 2020
U.S. network reorganization
[1]During the COVID-19 disruption, Servcorp announced the closure of 12 U.S. locations while retaining a presence in selected major cities.
- 2019
First German office opens
[1]Servcorp opened its first German location in Berlin.
- 2014
Beijing and One World Trade Center developments
[1]Servcorp opened at Beijing’s Fortune Financial Center and signed a lease for space in One World Trade Center in New York.
- 2010
United States and Turkey expansion
[1]The company opened its first United States office and entered Turkey.
- 2009
United Kingdom market entered
[1]Servcorp opened its first office in the United Kingdom.
- 1999
Australian Securities Exchange listing and Shanghai entry
[1]Servcorp listed on the Australian Securities Exchange and opened a Shanghai center in the same year.
- 1995
Entry into Japan
[1]Servcorp opened its first Japanese operations, later making Japan one of its significant markets.
Products and positioning
A premium, globally connected flexible-workspace and business-support provider offering professionally located offices, virtual-office infrastructure, coworking access, meeting facilities, and administrative services.
Flexible workspace · 1978
Serviced Offices
Fully furnished and managed office space in commercial and financial-district buildings. Servcorp supplies the physical workspace together with reception, communications, administrative, and building-related support, allowing customers to operate without setting up a conventional office infrastructure.
Business address and support services · 1986
Virtual Offices
A service for customers that need a professional business address and related administrative or communication support without leasing a dedicated office. Virtual offices extend Servcorp’s reach to companies entering a market, remote professionals, and businesses seeking a lower-commitment operating presence.
Flexible workspace
Coworking Spaces
Shared workspace environments designed for individuals, small teams, and businesses that require flexible access rather than a permanent private suite. Coworking is part of Servcorp’s broader portfolio alongside private offices and virtual-office plans.
Business facilities
Meeting Rooms
Professionally equipped meeting facilities available to customers needing a formal setting for discussions, presentations, interviews, or client meetings. Meeting rooms complement Servcorp’s private-office, coworking, and virtual-office packages.
Controversies
2018
Unfair standard-form contract terms
The Australian Federal Court declared 12 terms in Servcorp’s standard-form contracts unfair after proceedings involving the Australian Competition and Consumer Commission. Servcorp agreed to establish a compliance program for its Australian business and pay the ACCC’s legal costs.
Brand decisions
2024
Expansion into Riyadh’s King Abdullah Financial DistrictStrategyBackground
Servcorp continued rebuilding and expanding its international network after the pandemic disruption.
Action taken
The company opened a center in Riyadh’s King Abdullah Financial District and subsequently added further Saudi Arabian capacity.
Aftermath
Servcorp expanded its presence in Saudi Arabia with an additional KAFD floor and locations in Madinah reported in 2025.
2020
U.S. network restructuring during the pandemicStrategyBackground
COVID-19 lockdowns, travel restrictions, and reduced office demand placed pressure on Servcorp’s international operations.
Action taken
Servcorp announced the closure of 12 U.S. locations, reduced costs and staffing, and retained operations in Chicago, Houston, New York, and Washington, D.C.
Aftermath
The company continued operating in selected U.S. markets while later resuming broader international expansion.
Revenue. A$275.7 million (2020, reported as a 22% decline)
1986
Launch of virtual-office servicesProduct launchBackground
The company sought to serve customers that required a commercial presence and administrative support without occupying a full-time physical office.
Action taken
Servcorp introduced virtual-office services based on business addresses and support functions.
Aftermath
The offering became one of Servcorp’s core service categories and extended its business beyond conventional serviced offices.
Recent events
- 2024
Servcorp expands its Saudi Arabian network[1]
Other
Servcorp opened a center in Riyadh’s King Abdullah Financial District and later added further floors and locations in Saudi Arabia.
- 2020
Servcorp announces U.S. restructuring during the COVID-19 downturn[1]
Other
The company announced the closure of 12 U.S. locations as part of a broader reorganization during the pandemic, while maintaining a presence in Chicago, Houston, New York, and Washington, D.C.
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