Beijing-based developer Soho China plans to spin off its co-working business 3Q into a separate company, chairman Pan Shiyi said in a press conference last week, according to media reports. The flexible office space provider, one of the largest players… Read More>>
JP Morgan Goes Flexible in Central Office and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, JP Morgan is riding the flexible workspace trend in its Chater House office, and slashing rents in the process. And speaking of leasing costs, the city finally saw apartment rents decline last month… Read More>>
Ucommune Acquires Co-Working Rival Woo Space, Boosting Valuation to $1.7B
Ucommune, the flexible office provider formerly known as UrWork, has acquired co-working rival Woo Space in the startup’s latest expansion play — boosting Ucommune’s valuation to $1.7 billion, the company announced.
China’s biggest co-working space provider informed Mingtiandi that the… Read More>>
Savills Launches Co-Working Brokerage Platform Workthere in Singapore
Singapore boasts well over 100 flexible office centres and counting, and now property brokerage Savills is rolling out a new online platform to help fast-growing businesses cut through that thicket of options to find the space of their dreams.
The… Read More>>
56% of Asia’s Top Occupiers Use Flexible Offices, Colliers Finds in New Report Sponsored Feature
Flexible workspace has gone mainstream in Asia Pacific, according to a new report by Colliers International which finds that 56 percent of Asia’s top 200 occupiers are already using flexible workspaces in some capacity, and… Read More>>
Shenzhen Fund Investment Pushes Co-Working Unicorn Ucommune Value to $1.4B
Chinese co-working startup Ucommune, formerly known as UrWork, is now valued at over RMB 9 billion ($1.4 billion) following a new investment of RMB 110 million ($17 million) from an existing backer, according to the company’s official Wechat account.
The… Read More>>
WeWork Gears Up for 8-City Push into South China, Second-Tier Markets
Global co-working space giant WeWork will expand into eight more cities in China this year, said Christian Lee, Managing Director of WeWork Asia at a press conference in Hong Kong.
With a combined ten centres in mainland China at present,… Read More>>
Singapore’s Amara Launches First Luxury Hotel in Shanghai
Singapore’s Amara Holdings bought a plot of land in Shanghai’s Puxi district in 1996, and more than two decades later, the property and hospitality group is marking its official debut in China with the launch of a 30-storey luxury hotel… Read More>>
naked Hub Picks Up Gravity for Aussie Co-Working Foray
Chinese co-working operator Naked Hub is going intercontinental by scooping up Australian flexible office platform Gravity. The Shanghai-based startup has signed a deal to take a 70 percent stake in Gravity, which operates three co-working venues in Sydney, Melbourne and… Read More>>
Goldman Sachs, PAG Bet on Chinese Co-Working Startup Atlas
China’s co-working market is getting crowded, but a pair of global investment heavyweights are betting that there’s still room for another flexible office brand. Atlas, a Chinese provider of innovative workspaces affiliated with Agile Property, has won a long-term strategic… Read More>>
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