CapitaLand has partnered with Collective Works to turn the 12th storey of its headquarters, Capital Tower into a high-end co-working space.
Collective Works, Singapore’s first CBD-based co-working space, will manage the co-working space on behalf of the partnership.
The 50-50 joint venture, which will support up to 250 companies over 22,000 sq ft of co-working space at Capital Tower, has seen strong pre-registration, according to Collective Works
CapitaLand has partnered with Collective Works to turn the 12th storey of
Capital Tower into a high-end co-working space.
Co-working is a business space and services provision model, which caters to individuals or companies working independently or collaboratively in shared office spaces. The co-working concept began in the US and has spread quickly across other gateway cities such as New York, London, Berlin and Paris, followed by Southeast Asian countries such as Indonesia, Philippines, Malaysia, Thailand and Singapore. In Singapore, co-working is at a fairly nascent stage with a variety of business models, said CapitaLand.
Mr Wen Khai Meng, CEO of CapitaLand Singapore, said, “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. “