Back To Daily Digest
Tags: BUSINESS

The Great Room provide premium service for a premium price

Singapore-based coworking space The Great Room is unlike any office in the area, with marble flooring and a stocked fridge with coconut water. This coworking space isn’t for your average, struggling startup; it is made for established professionals starting their own business.

The company’s newest space will take up 15,000 square feet later this year in partnership with Raffles Hotel after a big refurbishment.

CEO Jaelle Ang said that the luxurious space will have a price tag that matches, but clients will be “happy to pay extra for a premium working environment.”

So far, The Great Room is attracting clients such as HSBC, who took up 70 seats at the office company’s One Taikoo Place location in Hong Kong.

The Latest News
Delivered To Your Inbox

According to Colliers International, Singapore’s overall flexible workspace stock has tripled since 2015 and coworking operators were within the top five occupiers of premium office spaces.

The Great Room itself is smaller than other serviced office providers in the area, especially compared to major brands such as Regus and WeWork.

In 2017, CapitaLand’s venture capital arm C31 Ventures led a $5.5 million Series A funding round for The Great Room, and now the company is preparing for a Series B round of funding.

Latest on Daily Digest

Workspace intermediary firm rebrands to reflect long-term relationships

Officebroker.com is rebranding as Officio to move away from the broker model and aid clients in finding long-term solutions, rather than completing short-term goals.
The We Company hires designer for city initiative

The We Company has taken its next step in its future city initiative by hiring designer Dror Benshetrit of Studio Dror and Di-Ann Eisnor, the head of growth at Waze.
Dallas-Fort Worth is emerging as a big player in the coworking market

JLL research revealed that Dallas-Fort Worth is ranked 12th out of the country’s top 15 coworking and flexible space markets, taking up 3 million square feet of space.
LABS expands its North London presence even further

Office provider LABS has launched its 96,100 square foot flagship property LABS House in Bloomsbury, London that features coworking, offices, and full-service dining.
Female empowerment organizations team up

Social club The Wing is offering up space at all of its locations to the Time’s Up movement, where both organizations will team up to support victims of sexual misconduct.
Modern office interiors aren’t enough to win over young talent

Cool office interiors are ideal at first glance, but looking into a company’s principles, such as gender equality and flexibility, will be the factors that retain talent.
2018’s office market proved to be a high point for the industry

Colliers International revealed the success of the office market last year due to high demand for coworking and tech firms, but predictions for 2019 are uncertain.
Office design trends to look out for in 2019

2019 is expected to see a continuation of evolving office design trends, such as the coworking spaces, biophilia, ergonomic furniture, breakout areas, and much more.
REITs allow coworking providers to balance out potential risks and rewards

Shared office space providers as tenants have become the norm for many landlords and building owners, and now many REITs have adopted coworking as it continues to expand.
Brookfield and Convene team up for Lower Manhattan multi-use space

Brookfield Properties has teamed up with Convene to spruce up the 73,000 square foot Brookfield Place into a full-service events venue that accommodates up to 500 people.
WeWork continues down its data tracking path

WeWork has acquired Euclid, a company that uses WiFi to track the movements of a person within a space, in its aim to observe how members intend to utilize its spaces.
Coworking operators need to evaluate expansion in order to survive

Many coworking operators pride themselves on massive, rampant expansion, but some industry experts believe this growth could lead to failure and consolidation in 2019.
Ad

FOLLOW US

  • Facebook
  • Twitter
  • LinkedIn
  • RSS
  • instagram
  • pinterest
Ad

POPULAR ARTICLES