JustCo opens shared workspace at 20 Collyer Quay, targets expansion

By Amy Tan / EdgeProp Singapore | May 9, 2019 11:53 AM SGT
At JustCo’s new shared workspace at 20 Collyer Quay, the homegrown co-working space operator has introduced a new concept: tenants within the building can enjoy using the centre’s common areas such as the café, lounge area and event space. Typically, these spaces are exclusive to members.
Occupying 16,800 sq ft in the building, the new co-working centre spreads across three levels and enjoys direct street frontage. This breaks away from the mould of JustCo’s other co-working spaces that are usually housed on upper office floors. Facilities at this new space include a mediation corner, snooze lounge, reading corner, games corner and phone rooms.
JustCo at 20 Collyer Quay (Pictures: JustCo)
Another feature of the new space is Australian coffee chain Dimbulah’s new outlet. The café is open to both JustCo members as well as the public. According to Lu Liu, co-founder and chief operating officer of JustCo, incorporating Dimbulah within the co-working space helps to showcase the space to the public.
“[Dimbulah] helps to draw a crowd into the café and the co-working space so it is a very good model to combine force. They told us that this is one of the best operating outlets for them,” she says. “On the first day, Dimbulah already recorded the first peak [sales] record.”
Expansion plans
The way Liu sees it, demand for co-working space in the Asia-Pacific region is still growing. As such, she believes it is opportune for JustCo to expand its global footprint. Earlier this year, it opened its first shared workspace in Ferrum Tower, Seoul, and is opening its second space in Seoul Finance Centre this month.
In Taiwan, it will be opening its co-working space at Hung Tai Financial Plaza in Taipei in July and targets to have a total of three co-working spaces in the city by the end of the year.
Over in Australia, JustCo has secured two leases in Melbourne and one in Sydney, and targets to have a total of four centres in operation this year. To date, the company has 23 centres in operation across major cities such as Bangkok, Jakarta, Shanghai and Singapore.
While JustCo has...