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Hong Kong-based flexible office operator The Executive Centre has expanded its China footprint with two new locations in Hangzhou and Shanghai, as well as growing in Shenzhen.
The two new locations are expected to open in July in Shanghai’s Shui On Plaza and The One Place in Hangzhou. This new expansion will equate to 43,938 square feet.
“We move into cities and markets based on client demand,” said Paul Salnikow, TEC founder and CEO. “We continue to see strong demand coming from MNCs and domestic corporates in China, which are looking for premium Grade-A office space, but want more flexibility at the current time as they try to manage costs.”
Salnikow added that since the start of the year, the company’s occupancy rates have stayed at around 80%.
Currently, the company has over 135 locations across 32 cities in Asia Pacific and the Middle East.
