More Melbournian’s Return to the CBD With 50% of Workers Allowed Back in The Office This Week
As Featured on:
1. Channel Nine
As Featured on:
1. Channel Nine
As featured on:
Coworking got a bad rap during the pandemic but the sector is pushing back. Head of JustCo’s Australian Operations, Sheree McIntyre provides valuable insight into why the future of coworking is looking brighter than ever as more businesses seek flexible and agile commercial real estate solutions.
As a result of the COVID-19 pandemic, businesses around the world have implemented alternative work arrangements such as working from home and business continuity plans, to ensure the safety of workers. In an interview with CNBC Asia TV, Kong Wan Sing, Founder and CEO of JustCo said, “The pandemic has changed how people work. Companies have realised that 100% working from home is not practical, as it impacts productivity and collaboration amongst teams. Businesses today need hybrid workspace solutions, one that is flexible, cost-effective, safe, and can keep their employees well-bonded and engaged at the same time.” To view the full interview, click here.
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.”
Full podcast on Design and Tell can be heard here.
Phygital business will define the ‘new normal’. Among these, coworking space providers such as JustCo have gone mainstream and are sprouting all over Asian cities. In today’s episode, you’ll hear from Faith Soh, Head of Innovation & Partnerships at Justco, and Sylvia Bay, Design Director at Justco, on how they conceptualize and implement their flagship products and services such as JustCo Lab, Future of Work and the JustCo App, and on all the work that goes in constructing these hotspots of productivity and new-age business.
JustCo, one of Asia Pacific’s leading flexible workspace providers today announced a multi-million dollar relief package with rebates of between 15-30% on membership fees for May 2020, in a commitment to support its members in tiding them through this difficult period. This move comes even before JustCo, a significant tenant in multiple Grade A office buildings across CBDs in the region, receives any rebates from landlords.
“Members are the fundamental pillar of our business and they are the very reason for JustCo’s existence. Overall, it’s a tough time for businesses and it is imperative that we are here to help the members who’ve supported us in our growth to date. Despite the tough decision on this multi-million dollar relief package, it is necessary for us to provide them some shelter during this mighty storm,” said Founder and Chief Executive Officer, Kong Wan Sing.
“Office space can take up a sizeable chunk in the operating costs of businesses. At a time like this, we strongly urge landlords to help their tenants to ease their cash flow and cost pressures. Together, if landlords and tenants share the burden of the current difficulties, both can ultimately survive and even thrive in the long run.” he added.
The relief package will benefit more than 3,000 companies, from individual entrepreneurs, start-ups and SMEs to multinational corporations across the JustCo centres in eight major cities – Singapore, Bangkok, Jakarta, Taipei, Seoul, Melbourne, Sydney and Shanghai.
As part of the JustCo Relief Package, members can receive rebate on 1-month membership fee for May 2020. Members who have been with JustCo for two years or more will get 30% rebate while all other members will get 15% rebate. The relief package applies to JustDesk Unlimited, JustDesk Dedicated and Just Studio Memberships, for all JustCo members across the region who joined JustCo before/on 1st April 2020.
JustCo was founded on two key principles, flexibility and community. These principles continue to be the pillars of our business and are relevant now more than ever as we contend with COVID-19 and the changing challenges it presents our workforces.
We want to assure our members and partners that we are committed to supporting them to remain operational with office and business solutions throughout this time.
We continue to enforce stringent hygiene standards with hospital grade cleaning products and increased cleaning rosters because our members’ wellness and safety is our top priority. We will continue to update our members with the latest advice from Government and Health officials on COVID-19 as it develops. We’re currently taking this one hour at a time.
We are also taking this time to reach out to our partners and clients, to offer advice and planning for any real estate requirements. We understand there are questions about the real estate market, and we are committed to advising and supporting you remotely however we can.
We understand how difficult professional isolation can be, it is at odds with everything JustCo stands for, which is why we will continue to put great emphasis on maintaining our communities. We will continue to facilitate networking opportunities to connect members, as well as our App, virtual events and webinars to provide businesses with expert advice.
Our Community Managers are the heartbeat of our centres and they won’t miss a beat over the coming months when it comes to supporting our members. As well as maintaining their usual roles, they will proactively be reaching out to members who are at home to ensure they stay connected and supported.
In addition to supporting our members, we are supporting our wider business community who require agile and flexible working offices. We have the space and tools to provide immediate office solutions to businesses needing to accommodate split teams, as well as 24 hour access to facilitate split shifts.
We are dedicated to continual community engagement despite the fact that many of you are currently working at home. We’re introducing a regular newsletter to keep you informed and in the loop with the latest JustCo community news, upcoming virtual events, recommendations and helpful tips to support us all during this time. For our members, your Community Managers will also be in touch weekly.
We are all in this together – and will continue to support each other every step of the way. Thank you to our staff, community managers and our members.
Stay well and stay safe.
In an article with the AFR, Vice-President and head of JustCo Australia, Sheree McIntyre reinforces the strong corporate governance and financial prudence of the Singaporean owned and headquartered coworking operator, JustCo. The flexible workspace provider landed on Australian shores last March with the lease of just over 8000 square metres across four floors at Melbourne’s 15 William Street. The company is also located at 276 Flinders Street with 447 Collins Street launching in Q3, as well operating two Sydney sites at sites at 175 Pitt Street and 60 Margaret Street. “A lease on an 8000-square-metre site is not going to be cheap, but it’s no point in JustCo committing to a lease if we can’t make the numbers work,” said Ms McIntyre.
Full article as featured on Sourceable can be read here.
This article examines the rising popularity of co-working in Australia and why landlords seek disciplined companies that understand the co-working business model to deliver outstanding results for commercial devlopments. Co-working currently makes up about three to four per cent of total commercial real estate in Australia, but this number is growing rapidly. The scale of global co-working operators like JustCo Australia is a critical differentiating factor when comparing what’s currently available in the Australian market. Whilst the typical serviced office centre in Sydney averages around 900 sqm, JustCo’s first Sydney centre at 175 Pitt Street is more than 3,700 sqm allowing the flexible workspace juggernaut to offer a wideer range of options to members, from smaller hotdesks to an entire floor designed for enterprise clients.
Full article as featured on Westpac Wire can be read here:
Vice-president and head of JustCo Australia, Sheree McIntyre adresses the increasing demand for round-the-clock workspaces to reflect an evolving work culture. “Through technology and globalisation, we’re finding businesses need more flexibility beyond the traditional nine to five schedule, resulting in corporations seeking flexible working arrangements to meet the needs of an evolving employee culture,” she says. All JustCo co-working spaces offer members 24hr access to their office buildings giving employers the opportunity to provide a more personalised employment experience aligned with the future of work.