Singapore: Collective Works, CapitaLand set up co-working space JV

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Visual of Collective Works homepage. March 2016.

Collective Works, which claims to be Singapore’s first central business district-based co-working space, has set up a 50:50 joint venture (JV) with property major CapitaLand.

Jonathan O’Byrne, founder and CEO of Collective Works, said: “Across Asia we have witnessed an exponential surge in demand from entrepreneurs seeking more personal business solutions. 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.”

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The JV will support up to 250 high performance businesses over 22,000 sq ft, with both firms jointly claiming strong pre-registration. Offering the features of a business centre with the open work concept and portability of a co-working space, the JV will offer technological support.

This includes secure on-site server hosting, video conferencing, IP telephony and redundant fibre-optic broadband with superior attention to details such as ambience, lighting and acoustic sound profiling to enhance productivity and concentration in premium designed bespoke offices.

Wen Khai Meng, CEO of CapitaLand Singapore, remarked: “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.”

 

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