WeWork continues rapid expansion with nine locations in under a year

By
/ EdgeProp Singapore
|
November 2, 2018 6:27 PM SGT
WeWork announced the official launch of three new locations in Suntec City Tower 5, City House on Robinson Road and 8 Cross Street on Oct 31. This follows the launches of 71 Robinson Road and 22 Cross Street Anson Road earlier this year, bringing the latest count of WeWork locations in Singapore to nine, with a total of 4,000 members.
The WeWork Suntec City Tower 5 will have 700 desks across two floors; City House will have 600 desks across four floors; and 8 Cross Street will have 1,200 desks across four floors.
The common area of the WeWork at Suntec City Tower 5 with 700 desks acriss five floors (Photo Credit: WeWork)
According to Turochas “T” Fuad, managing director of WeWork Southeast Asia, enterprises with at least 1,000 employees make up 45% of members of WeWork Singapore, which is higher than the global average of 25%. This is the fastest-growing segment for WeWork, he adds.
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WeWork is also using Singapore as a launchpad to expand across Southeast Asia, with new locations opening in Bangkok, Ho Chi Minh City, Jakarta, Kuala Lumpur and Manila by year-end.
“To empower enterprises, WeWork is also diversifying its products by leading the world in thinking about how space, people and technology interact,” says Fuad. “Traditionally, many different groups, from brokers and landlords to general contractors, architects and interior designers to human resources, are responsible for a single company’s workplace experience. With the company’s Powered by We offering, however, enterprises can now just rely on WeWork to help them find, build and operate their own space.”
Fuad: With the company’s Powered by We offering, however, enterprises can now just rely on WeWork to help them find, build and operate their own space (Photo Credit: Samuel Isaac Chua/EdgeProp Singapore)
About 25% of WeWork’s members have upgraded their current spaces since the co-working space provider opened its flagship space at WeWork Beach Centre last December.
“We are confident that WeWork will be a game changer in accelerating the future of work in Suntec City’s diverse business ecosystem, bringing along a fresh injection of vibrancy and dynamism to the Suntec community,” says Chan Kong Leong, CEO of ARA Trust Management (Suntec), manager of Suntec REIT.
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Founded just eight years ago in New York by Adam Neumann and Miguel McKelvey, WeWork is one of the fastest-growing multi-billion-dollar companies today. With 287 physical locations in 77 cities and 23 countries, WeWork has 268,000 members worldwide. It has more than 43,000 companies as members, ranging from start-ups to MNCs such as Dell, KPMG, GE, Microsoft and Samsung.
WeWork at 71 Robinson Road opened earlier this year and has 1,000 desks, which are fully taken (Photo Credit: Samuel Isaac Chua/EdgeProp Singapore)
“As WeWork strengthens its presence in Southeast Asia — whether it’s work, living, education, wellness or retail — we can reimagine, reshape and rehumanise the architecture of our space, our buildings and our cities to support and encourage human connection and creativity,” says Fuad in a statement.