Asia real estate and outbound investment news
Mainland co-working startup Kr Space has surrendered an 83,000 square foot (7,712 square metre) lease in Hong Kong’s Wanchai district, casting doubts over the future of one of the major players in China’s boom-gone-bust flexible office industry.
The decision by… Read More>>
US co-working unicorn WeWork still has its foot on the gas in Hong Kong with local news sources saying the flexible space startup has just taken on six new floors in Wharf’s Harbour City complex near the Star Ferry terminal… Read More>>
WeWork announced on Tuesday the official opening of its tenth location in Singapore, at 380 Jalan Besar in the city’s Kallang area.
The new outlet will be located in the mixed-use complex ARC 380 near Farrer Park and will have… Read More>>
Mainland co-working provider Kr Space, a spinoff of Alibaba-backed tech media firm 36Kr, is said to be closing down six locations, spanning 30,000 square meters (322,917 square feet) according to local media accounts, a move which casts doubts over the… Read More>>
Goldman Sachs-backed co-working operator Atlaspace has announced the appointment of Wilma Wu as the head of its Hong Kong operation, as mainland flexible office players set their sights on the city.
The company’s new leadership comes five months after the… Read More>>
Singapore-headquartered co-working provider JustCo announced plans this week to double its APAC footprint in the first few months of this year by opening or securing nine new centres in Australia, East and Southeast Asia.
At the centre of the GIC-backed… Read More>>
Spaces, a co-working stablemate of flexible office giant Regus, has opened its fourth and largest location in Hong Kong, unveiling a 77,000 square foot (7,153 square metre) facility in the western end of Central district last week.
Spaces Sun House… Read More>>
No18, the top-end stablemate of flexible office giant Regus, is set to open its first Asian location in the third quarter of this year, after leasing 20,600 square feet (1,913 square metres) near the island nation’s City Hall metro station.
China state-owned Gemdale Properties and Investment has handed over one of its own co-working facilities to WeWork for conversion into a new centre for the co-working giant, as the two companies enter a revenue sharing agreement, according to a statement… Read More>>
WeWork lost $723 million in the first half of 2018, but the company’s largest shareholder still found a way to profit from the company’s business of signing long-term leases with landlords and subleasing rooms, desks and sofas to co-workers, according… Read More>>
