Social Distancing is Driving Enterprises to Co-working
As featured in The Australian Financial Review
In an article with the Australian Financial Review, Head of JustCo’s Australian Operations, Sheree McIntyre discusses the launch of JustCo’s third Melbourne centre at 447 Collins Street and reinforces why we expect to see an increase in the number of enterprises leveraging low risk, cost-effective, flexible workspace arrangements as we emerge from COVID-19.
Asia Pacific’s leading co-working company, JustCo, is officially pre-leasing its new flexible offices at Cbus Property’s $1.25 billion Collins Arch precinct, a world-class mixed-use destination at 447 Collins Street, Melbourne.
The expansive shared office space sets a new precedent for flexible working, occupying 4,500 square metres over floors four and five of the building. JustCo at 447 Collins Street will reside alongside premium commercial offices and a collection of timeless residences, allowing businesses to work, socialise and network whilst enjoying all the benefits of a contemporary office space in Melbourne’s premier business hub.
The pre-leasing of JustCo at 447 Collins Street comes as an increasing number of industry leaders predict an accelerated global shift from traditional offices to co–working following Covid-19. The sector’s all-inclusive solutions for risk mitigation, business continuity and virtual offices provide an appealing alternative to conventional leasing arrangements.
Founder and CEO of JustCo, Kong Wan Sing believes companies will seek more flexible working arrangements with shorter lease terms now that businesses have seen the benefits of remote working. While many professionals may continue working one or two days from home, human connection will always play an integral role in creating positive work experiences.
“As we navigate the next phase of this profound period, companies are examining what their new ‘business as usual’ looks like, and how they can future-proof their workspaces. We have built our business on the ability to meet a variety of workplace needs at scale, combining flexible working arrangements with prestigious real estate and collaborative opportunities,” said Wan Sing.
“This is proudly reflected in our latest Collins Street centre, its progressive workspaces and contemporary design offering businesses an ideal base, whilst facilitating a sense of collaboration and community that goes beyond the physical space,” he said.
Vice-President and Head of JustCo Australia, Sheree McIntyre agreed the launch of JustCo at 447 Collins Street was a huge milestone ahead of the company’s first anniversary in Melbourne.
“We are excited to show clients through these new offices and couldn’t be prouder to launch our fifth centre after a little over one year in the Australian market. Blending functionality and user comfort with luxe, contemporary design was key for this space,” said Ms McIntyre.
We are thrilled to already have several enterprise clients onboard to join our community, including one of Australia’s leading Sovereign Wealth Funds who will be housing more than 100 staff at JustCo’s newest office,” she said.
Cbus Property’s Chief Executive Officer, Adrian Pozzo, said JustCo and the other high-profile 447 Collins tenants would play a pivotal role in ensuring the Collins Arch precinct would become one of the most successful mixed-use projects in Australia.
“When we set out to develop 447 Collins in partnership with ISPT, we were confident it would attract the highest-calibre tenants across a range of sectors, intent on providing their employees with the amenity, workplace environment and vibrancy that comes with a next-generation workplace,” he said.
“As we prepare to welcome our new tenants, we usher in a new era of commercial office life in Melbourne, one more focused on tenant and employee wellness, attraction and ongoing engagement through flexible workspaces and first-class amenity.”