Singapore: GIC, JustCo, Frasers Property pool in $177m for Asia co-working platform

Singapore: GIC, JustCo, Frasers Property pool in $177m for Asia co-working platform

Photo: JustCo website

Singapore’s sovereign wealth fund GIC, co-working space provider JustCo, and listed real estate firm Frasers Property are jointly investing up to $177 million in Asia’s rapidly growing co-working space industry, the three firms said in a joint statement on Wednesday.

The statement, which was also disclosed on the Singapore stock exchange, said the three companies will develop a co-working space platform across Asia and support JustCo’s continued focus on expanding its technology and enhancing its service offerings.

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