SG-based workspace provider JustCo bags $74m from Japanese developer

JustCo at Minsheng Jianguo, Taiwan.

Singapore-based co-working space operator JustCo has raised $74 million from Japan-listed construction and real estate company Daito Trust, according to a statement.

Daito Trust will invest $50 million in JustCo and an additional 2.65 billion yen ($24 million) to set up a joint venture to operate a flexible workspace business in Japan. The JV will be 51 per cent owned by Daito Trust and 49 per cent by JustCo.

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