co-working spaces

IPO

China's WeWork equivalent Ucommune files for US IPO, sources say

(Oct 25): China’s biggest shared workspace provider Ucommune has filed a confidential prospectus with the US securities regulator as it seeks an initial public offering (IPO) before the end of the year, two people with direct knowledge of the matter sai

Broker's Calls

Co-working here to stay, even if WeWork does not work out

SINGAPORE (Oct 4): Things have not been working out these past couple of weeks for co-working space operator WeWork.

Tech

Will WeWork mark the end of capital as a weapon?

SINGAPORE (Sept 23): The overriding concern in Silicon Valley in recent months has been the overvaluation of start-ups funded by venture capital. In every tech cycle, there have been periods in which investors in both private and public markets have chase

Property

Frasers Property to jointly invest $236 mil with GIC, JustCo to develop co-working platform across Asia

SINGAPORE (May 16): Frasers Property and Singapore’s sovereign wealth fund GIC are partnering with co-working space provider JustCo to jointly invest US$177 million ($236 million) to develop a co-working space platform across Asia.

Startups, Entrepreneurs, Digital economy

UOB to offer start-ups, SMEs up to 20% off co-working rental rates across Southeast Asia

SINGAPORE (May 2): United Overseas Bank (UOB) says it has signed Memoranda of Understanding (MoUs) with a number of co-working spaces – namely Singapore’s 80RR Fintech Hub SG, Common Ground and WORQ in Malaysia, and Indonesia’s EV Hive – to offer

IWG to launch Spaces co-working facility in Perennial's TripleOne Somerset

SINGAPORE (Apr 25): Perennial Real Estate Holdings announced that IWG, a provider of flexible workspace solutions, has leased over 35,000 sf of space at TripleOne Somerset to operate its Spaces co-working space concept.

Property

One Raffles Place to undergo AEI with launch of co-working space

SINGAPORE (Mar 21): OUE Commercial REIT (OUE C-REIT) announced that One Raffles Place Shopping Mall will be undergoing an asset enhancement initiative (AEI) from mid-2018 onwards.

State of the City

Co-working spaces: Vibrant communities or a drain on workplace productivity?

SINGAPORE (Mar 5): When Dr Shravan Verma started his company, an on-demand medical house call service called Speedoc, he chose to do so from a co-working space. “It allowed us to get the outreach we needed in the initial stages,” Verma tells The Edge

CityDev to invest in Distrii, China operator of co-working spaces

SINGAPORE (Jan 19): City Developments Limited (CDL) has signed an agreement to invest RMB 72 million ($14.8 million) for a 24% stake in Distrii, a leading operator of co-working spaces in China.
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