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Singapore property giant CapitaLand announced recently that it will partner will the country’s co-working space pioneer, Collective Works, to establish the first coworking space within a Grade A office building at the latter’s iconic headquarters, Capital Tower.
Measuring around 22,000 sq ft, the shared office space situated at the 12th level of the 52-storey building in the central business district can accommodate 250 companies.
Apart from workspaces, the co-working space will also feature meeting rooms, private phone booths, huddle rooms, as well as communal pantries and lounges. It also comes equipped with IT infrastructure and technological support, such as IP telephony, video conferencing, secure on-site server hosting and redundant fibre-optic broadband.
“With Capital Tower’s central location, connectivity to public transport, proximity to clients and partners, premium Grade A specifications and lifestyle amenities, we are confident that the co-working space at this premium building will appeal to a range of fast-growing businesses, entrepreneurs and freelancers seeking to rent fully functional, fitted-out office spaces under flexible lease terms,” said CapitaLand Singapore CEO Wen Khai Meng.
According to the developer, the co-working space concept—which started in the US—has also taken root in Southeast Asian countries such as Indonesia, Philippines, Malaysia, Thailand and Singapore, but it is still at a fairly nascent stage in the city-state.
“Across Asia we have witnessed an exponential surge in demand from entrepreneurs seeking more personal business solutions, shared Jonathan O’Byrne, Founder of Collective Works.
“Our new space, centrally located in Singapore’s world-renowned business district, creates a unique ecosystem for our clients within the prestigious Capital Tower where they can flourish alongside other entrepreneurs as well as global MNCs,” he added.
Nikki De Guzman, Editor at CommercialGuru, wrote this story. To contact her about this or other stories email nikki@propertyguru.com.sg
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