JustCo turns to malls for co-working locations
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Coworking space provider JustCo is turning to shopping malls as it looks to double its Asia-Pacific presence this year.
The firm stands poised to launch its services in Singapore’s The Centrepoint mall as well as Amarin Plaza in Bangkok, its fourth space in Thailand. JustCo is already operating from Marina Square in Singapore.
“Malls in the city see an annual footfall of over 30 million compared to approximately 120,000 in an office building in the CBD,” said JustCo’s founder and CEO Kong Wan Sing on the opening of the 60,000sqft location at Centrepoint. “We believe that there is a huge untapped opportunity in the retail space segment.”
Centrepoint, JustCo’s 14th location in Singapore, will be the first to incorporate the firm’s data analytics and other enhanced proprietary technologies, including a robot butler, access by facial recognition, and a digital Wayfinder.
The Amarin Plaza centre will have the capacity to host 1000 members and will open in the third quarter.
Buoyed by consistent demand, JustCo has expanded the total area of co-working spaces it manages by more than 150 percent year on year, and doubled the number of enterprise clients served across the markets it serves. It currently manages 42 centres across eight cities.
“Our greater purpose is to build a mega-network and community within and across markets – one that helps companies and individuals realize the synergies, efficiencies and opportunities of a shared workspace,” said Kong. “In just over a year, our member base has grown by 100 per cent and this is set to grow further with changing workforce demographics.
Questions & Answers
Q.What is JustCo's primary reason for choosing shopping malls as new locations?
What is JustCo's primary reason for choosing shopping malls as new locations?
JustCo is turning to shopping malls due to their significantly higher annual footfall compared to office buildings. The CEO sees a large, untapped opportunity within the retail space segment.
Q.Which new technologies will JustCo be introducing, and where will they first appear?
Which new technologies will JustCo be introducing, and where will they first appear?
The new technologies include data analytics, a robot butler, facial recognition access, and a digital Wayfinder. These will first be incorporated at JustCo’s Centrepoint location in Singapore.
Q.How has JustCo's business performed in terms of growth over the past year?
How has JustCo's business performed in terms of growth over the past year?
JustCo has expanded the total area of co-working spaces it manages by over 150 percent year on year. Its enterprise client base has doubled, and its member base has grown by 100 percent.