Servcorp Limited is an Australian multinational office services company founded in 1978. The company provides Serviced Offices, Virtual Offices and Coworking Spaces across multiple international markets.
As of June 2025, Servcorp maintained operations in 40 cities across 19 countries, comprising more than 150 locations worldwide. 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.Belanger, Lydia (9 June 2017). “Why This Legacy Company Is Betting on a Glass Highrise Vision of the Flexible Workspace”. Entrepreneur. Retrieved 30 October 2025, from https://www.entrepreneur.com/growing-a-business/why-this-legacy-company-is-betting-on-a-glass-highrise/295559.
History
Foundation and early growth Servcorp was founded in Sydney in 1978 by Alfred Moufarrige. In 1986, the company introduced its first virtual office services enabling clients to access business addresses and administrative support without leasing physical office space.Amador de San José, Cecilia (31 March 2016). "Interview: Marcus Moufarrige, COO Servcorp, on Pioneering Virtual Offices". Allwork.Space. Retrieved 30 October 2025, from https://allwork.space/2016/03/interview-marcus-moufarrige-coo-servcorp-on-pioneering-virtual-offices/. International expansion began in 1987 with establishment of centres in Asia and France, followed by opening in Japan in 1995. Servcorp was listed on the Australian Stock Exchange in 1999, the same year it opened offices in Shanghai, marking its entry into China.
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. It opened is first United Kingdom office in 2009 “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. and its first United States office in 2010.
The company entered the Turkish market in 2010, later adding a second Istanbul office in 2011.“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.“Servcorp, İkinci Ofis Merkezini Ödüllü Tekfen Tower’da Açtı.” Haberler.com, 13 April 2011, https://www.haberler.com/ekonomi/servcorp-ikinci-ofis-merkezini-odullu-tekfen-2652706-haberi/. 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.
2015–2019 From 2015 onward, Servcorp focused on upgrading technology infrastructure and expanding in high-growth regions.“Annual Report to shareholders.” Servcorp Limited (ASX SRV). Published 08 October 2015. Retrieved 30 October 2025, from https://www.marketindex.com.au/asx/srv/announcements/annual-report-to-shareholders-2A883734. in 2017, it announced plans to modernise its office systems and refurbish key sites. The company opened its first German office in Berlin in 2019.
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. 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.
Recent developments In 2020, Servcorp opened new offices in One Museum Place in Shanghai, and expanded its existing location in Hobart and Brisbane. In 2021, the company launched a new centre in the Philippine Stock Exchange Tower.
Between 2019 and 2022, Servcorp was affected by COVID-19 pandemic. Global lockdowns and travel restrictions reduced office demand. In response to the pandemic, leading the company to implement cost-cutting measures, reduce staff, and introduce health and safety protocols across its locations. In 2020, the company announced the closure of 12 U.S. locations as part of a reorganisation,Fuary-Wagner, Ingrid (29 June 2020). "Coronavirus the 'last straw' for Servcorp in the US". The Australian Financial Review. Retrieved 3 November 2025 – via https://www.afr.com/property/commercial/coronavirus-the-last-straw-for-servcorp-in-the-us-20200629-p5576m. while retaining a presence in Chicago, Houston, New York, and Washington DC. The closures formed part of a broader restructuring following a 22% decline in revenue to A$275.7 million.
Following the pandemic disruptions, Servcorp Limited began to recover. In the year 2023, revenue rose around 7%, supported by new openings in the Yanmar Tokyo Promenade Building in Japan and Bell Gully Building in New Zealand. The company continued to expand with an office in Riyadh's King Abdullah Financial District (KAFD) in June 2024, followed by an additional floor KAFD and new locations in Abu Ouf Plaza and Alluqmani Business Center in Madinah in 2025.
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