Benjamin Teo, CEO of Paramount Property Sdn Bhd and Director of Co-labs, describes the coworking space as a place “where amazing happens.” Co-labs aims to set itself apart from the rest of the competition by offering members a space that embodies a sense of work and play.
“I looked at businesses and technologies that run parallel to our Paramount Property businesses which is education and property development, and that’s how coworking fell into my lap,” said Teo. “After visiting a few in Australia, and noticing that these provisions are not available in Malaysia, we went ahead with a pilot study/space which we opened in July 2017.”
Co-labs focuses on central locations to better tap into each market and push benefits, such as gym memberships, even more.
Teo explains that catering to the needs of millennials, whether it be freelancers, startups, or even corporates, is vital to stay relevant in the workforce.
Creating a sense of community in the space is also important to keep members engaged and motivated. For example, Co-labs hosts workshops, education sessions, and yoga and pilates twice a week.
To further emphasize community, Teo said it is important to make meaningful relationships with colleagues within the space.
Moving forward, Co-labs has plans for two new spaces in Kuala Lumpur and Shah Alam that will focus on specific job sectors to solidify its identity around such industries.