JustCo Strengthens Asset-Light Strategy with Asia Green Signing in Singapore
Riding the wave of changing market dynamics, JustCo will manage the real estate space at Asia Green Singapore amidst heightened confidence amongst landlords towards outsourcing the management of flexible real estate spaces
SINGAPORE - Media OutReach - 6 April 2021 -JustCo, one of
the Asia Pacific's fastest growing workspace experience providers today, signed
a landmark agreement with T-Grande Property Holding Pte. Ltd. The agreement is
in line with the company's asset-light strategy and will see it manage the real
estate space at Asia Green in Tampines, Singapore from the third quarter
of 2021.
"With
30% of global office inventory projected to become flexible by 2030,
corporations are looking to landlords to offer more than just an empty office
space," said Kong Wan Sing, Founder and CEO of JustCo. "The signing is in tandem with our
inclination towards an asset-light management model and reflects a paradigm
shift in how landlords are retailing their real estate spaces in view of
customer demands for versatile and flexible workspace solutions."
Spanning across approximately 30,000 square feet, the JustCo-managed space at Asia Green is
designed to optimise the sharing of spaces, assets and amenities within the
building by its occupiers, who will form members of the building's community.
Tenants at Asia Green will be part of JustCo's community of over 100,000 members, gaining
access to increased opportunities to collaborate and network. Located at
Tampines, JustCo at Asia Green will
also serve as an ideal location for workforce decentralization plans, made
possible with hot desk solutions and private
office suites.
"JustCo's expertise in workspace technologies and community management
is complementary to Asia Green's rollout of its Core + Flex leasing strategy,
which provides its MNC tenant base the opportunity to scale up their workspace
requirements on demand. We are excited to onboard JustCo as part of the overall asset enhancement
initiative at Asia Green to create a truly occupier-focused energy-efficient
Green Mark Platinum Grade A building in the Tampines Regional Centre," says
spokesperson Leslie Lim, Managing Partner of Evia Real Estate, Asset Manager of
Asia Green.
Shorter business cycles and greater uncertainty in an age of increased
competition has propelled the demand for flexible workspace solutions such as hot desking and private
office solutions in Singapore. As large enterprises shift towards a more
economical option, traditional landlords are tapping on the changing market
dynamics to maximise their flexibility and scalability. This can be achieved
through a management contract approach, tobest
leverage the benefits of what operators like JustCo can offer.
In the thick of the COVID-19 pandemic in 2020, JustCo welcomed large corporations into its
community, such as Tencent-backed Riot Games, cosmetic giant L'Oreal, and
Kasikorn Line backed by Kasikorn Bank. Relying on a full range of JustCo's membership plans and services, SMEs
and large corporations alike can enjoy the benefits of flexible workspaces,
from a virtual office to a private office suite.
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About JustCo
Founded in 2011 and headquartered in Singapore,
JustCo is one of Asia Pacific's fastest growing workspace experience providers.
We continually disrupt the status quo and redefine collaborative working.
In our communities, we connect dynamic entrepreneurs, start-ups and large
corporations. People are at the heart of what we do, as we create networking
events and strategic partnerships for our members and partners to gain
insights, collaborate, and help each other. Our passion for customer
satisfaction ensures our members find the same JustCo hospitality – comfort and
peace of mind – no matter where they are.
We make work better by revolutionising how people work, empowering our
ever-growing community with exceptional flexibility, opportunities and
experiences.