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Media Centre

GIC, Frasers Property and JustCo jointly invest US$177 million to develop co-working platform across Asia

| May 2018 |

GIC, Singapore’s sovereign wealth fund, and multi-national property company Frasers Property Limited (“Frasers Property”), are partnering with JustCo, a leading co-working space provider in Singapore, to develop a co-working space platform across Asia. JustCo currently has a presence in Singapore, Indonesia and Thailand, having brought together a community of entrepreneurs and enterprises of varying sizes. The three partners’ joint investment of US$177 million will enable JustCo to build on its presence in Southeast Asia and expand into other Asian markets such as Greater China, Korea, Japan, Vietnam, Malaysia, the Philippines, Australia and India. The investment will also support JustCo’s continued focus on ramping up technology solutions and enhance service offerings to facilitate collaboration and networking opportunities amongst its growing base of community members.

Lee Kok Sun, Chief Investment Officer, GIC Real Estate, said, “The co-working movement embraces the flexibility of the sharing economy and is fast changing the way office space is designed, leased, used and operated. As a long-term value investor, we are attracted by the sector’s growth potential in the long run and believe that the fragmented nature of the sector presents opportunities for consolidation. Our investment in JustCo will support it in its next phase of growth outside of Singapore, as it continues to engage with entrepreneurs and enterprises across Asia. Our partnership with JustCo and Frasers Property will enable us to capitalise on shared synergies and leverage one another’s strengths such as operational expertise, space from existing office portfolios, local market knowledge and networks.”

Panote Sirivadhanabhakdi, Group Chief Executive Officer of Frasers Property said, “This partnership with GIC to invest in JustCo exemplifies our unifying value that ‘experience matters’. To us, real estate is more than brick and mortar. It is the combination of thoughtful design, curated service offerings, respectful hospitality and smart-office technology that transforms an office building into inspiring, collaborative workspaces that enhance office experiences and build communities. We look forward to advancing this partnership that will tap Frasers Property’s global network and scale to grow JustCo into a multi-city, community-based service offering for customers.”

‘The confidence that GIC and Frasers Property have instilled in JustCo is a testament to our workplace technology and community management expertise, and we are extremely humbled to have found the right investors who share the same vision and purpose. This round of investment will help us enhance and redefine the flexible workspace experience through multi-geographical footprints,’ says Kong Wan Sing, Founder and CEO at JustCo.

JustCo Network Surpasses 30 Co-working Centres across APAC new locations in Taiwan

{:zh} As featured on: 科技報橘, 經理人, | 2019 年 5 月 | 亞洲頂尖共享辦公空間品牌 JustCo 正式進軍台灣商務市場,其社群網絡遍及亞太地區共 32 個據點,超 過 17,000 名會員。2020 年底前預計將在台灣成立共 6 個據點,佔據超過 10,000 坪空間,成為台灣最 大的共同工作空間營運品牌。 JustCo 台灣的旗鑑中心將座落於信義區全新的點石大樓,綜合高樓層的 JustCo 辦公空間與低樓層的瀚 寓精品酒店。在這棟大樓中,商務人士與酒店住客皆可享用共同工作的空間與酒店設施服務,包含瀚寓 精品酒店的餐廳、健身房,以及 JustCo 的共享工作空間、交誼活動等。點石大樓預計於 2019 下半年 開幕,JustCo 共橫跨七個樓層、面積達 1850 坪,在裝潢時尚又現代的工作空間內,可直眺優美而迷人 [...]...

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JustCo Wins at Asia Pacific Entrepreneurship Awards 2018!

August 2018 | Founder and CEO of JustCo, Kong Wan Sing, was named winner at the Asia Pacific Entrepreneurship Awards 2018 (APEA), under the Professional & Business Services category. The APEA is a regional award honouring entrepreneurs who has established [...]...

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