Market leader ‘Collective Works’ and CapitaLand announce
first joint venture at Capital Tower in Singapore’s Central Business District
Singapore 23 March 2016 – Singapore’s first CBD based coworking space ‘Collective Works’ has today announced a joint venture with Asian property giant, CapitaLand.
Together, the two companies will launch a high performance, high-end coworking space taking up Level 12 of the prestigious 52-storey Capital Tower centrally located in Singapore’s world renowned business district.
“Our joint venture with property heavyweight CapitaLand signifies a new wave of corporate dynamism in the coworking sector,” said Jonathan O’Byrne founder of Collective Works. “Our partnership galvanises Collective Works’ position as the market leader in premium coworking spaces and will set the pace for our future growth.
“Across Asia we have witnessed an exponential surge in demand from entrepreneurs seeking more personal business solutions. Our new space, centrally located in Singapore’s world renowned business district, creates a unique ecosystem for our clients within the prestigious Capital Tower where they can flourish alongside other entrepreneurs as well as global MNCs.
“The potential of this partnership is vast; I’m excited not only to officially launch Collective Works Capital Tower but to announce a relationship that has the potential to redefine the coworking landscape in Singapore and Asia.”
The 50-50 joint venture which will support up to 250 high performance businesses over 22,000 sq ft, has seen strong pre-registration. Designed by expert interior architect, Contrast Design Pte Ltd, the radical office design offers tailored solutions for the diverse profiles of today’s high performance business executives, whether they need a quiet, secure meeting room, a vibrant brainstorm space or the use of an integrated media space.
Mr Wen Khai Meng, CEO of CapitaLand Singapore, said: “With Capital Tower’s central location, connectivity to public transport, proximity to clients and partners, premium Grade A specifications and lifestyle amenities, we are confident that the coworking space at this premium building will appeal to a range of fast-growing businesses, entrepreneurs and freelancers seeking to rent fully functional, fitted-out office spaces under flexible lease terms. Through thoughtful planning and creative design, members of the Capital Tower coworking space will have access to high quality, high-energy environments that are customisable to specific needs and conducive for networking, exchange of ideas, resource-sharing and collaboration. We foresee demand coming from sectors such as fin-tech, social media, technology, insurance, corporate training and venture capital investment.”
Collective Works, the brainchild of entrepreneur, designer and investor Jonathan O’Byrne became the first coworking space to launch in the CBD in December 2012. O’Byrne’s ambition was to improve the drive, creativity and social interaction of small teams and in 2012 he shut down his previous business to pursue that mission. Collective Works is a network made of the combination of highly customised workspaces, curated communities and the best possible specification to foster collaboration between modern tech-enabled business.
Collective Works offers all the features of a business centre with the heart and portability of a coworking space. Leading the way in the coworking category, Collective Works has become known for its innovative design aesthetic and highly functional ergonomic approach. Technological support includes secure on-site server hosting, video conferencing, ip telephony and redundant fibre-optic broadband with superior attention to details such as ambience, lighting and acoustic sound profiling to enhance productivity and concentration in premium designed bespoke offices.
“Collective Works, is Singapore’s leading performance coworking space operator. Winner of the “Small Business Rising Star” at the 15th Annual Business Awards, Collective Works leverages a market leading IT infrastructure and highly innovative space planning to create its unique environments. Created as a space to enable high performance businesses, ambitious entrepreneurs and international branch offices Collective Works has earned a reputation as Singapore’s most exclusive coworking community.”
CapitaLand is one of Asia’s largest real estate companies headquartered and listed in Singapore. The company leverages its significant asset base, design and development capabilities, active capital management strategies, extensive market network and operational capabilities to develop high-quality real estate products and services. Its diversified global real estate portfolio includes integrated developments, shopping malls, serviced residences, offices and homes. Its two core markets are Singapore and China, while Indonesia, Malaysia and Vietnam have been identified as new growth markets. The company also has one of the largest real estate fund management businesses with assets located in Asia.
CapitaLand’s listed real estate investment trusts are CapitaLand Mall Trust, CapitaLand Commercial Trust, Ascott Residence Trust, CapitaLand Retail China Trust and CapitaLand Malaysia Mall Trust.
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