Asia real estate and outbound investment news
Kr Space has surrendered its lease in Hong Kong’s Times Square, bringing to a close the mainland co-working startup’s ill-fated venture into the Asian financial hub, according to industry sources who spoke with Mingtiandi.
The Beijing-based operator, which completed a… Read More>>
Jakarta-based co-working provider CEO Suite is opening a 27,000 square foot (2,508 square metre) office location in New World Development’s K11 Atelier in Tsim Sha Tsui, according to market sources who spoke with Mingtiandi, moving into a prime Hong Kong… Read More>>
Financially troubled co-working space provider Kr Space announced on Wednesday that it has completed a RMB 1 billion ($145 million) round of funding, jointly led by IDG Capital, Gopher Asset Management and Hubei Yixing Capital.
Kr Space’s biggest fund-raising ever,… Read More>>
Spaces, the co-working arm of European flexible office giant IWG, has taken over a 5,000 square metre (54,000 square foot) office space next to Shanghai’s Xintiandi complex, securing the location in the Infinitus Tower from former occupier Kr Space, according… Read More>>
In this week’s edition of People in the News, hard times for a luxury residential developer and a mainland co-working operator may have prompted some job searches in China, while May brings some fresh moves elsewhere including a promotion in… Read More>>
Hong Kong-listed Chinachem is suing Kr Space for HK$500 million ($63.8 million) accusing the mainland co-working space provider of breaking a five-year lease contract, according to a writ filed by the property developer with Hong Kong’s High Court.
Kr Space,… Read More>>
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>>
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>>
Just one month after backing away from a potential lease deal at The Center in Hong Kong, one of the mainland’s biggest co-working companies is already laying off staff and revising projections, according to a media account today, raising the… Read More>>
Leading today’s Hong Kong real estate news, shared workspace provider KR Space has balked at paying HK$4.3 million monthly for office space it had planned to rent at The Center on Queen’s Road, with a report in the Apple Daily… Read More>>
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