SINGAPORE (Jan 14): Global flexible workspace provider IWG has leased over 20,600 sq ft of space at Capitol Singapore, and will launch its premium co-working space brand No18 there. The co-working space will be the brand’s flagship facility in Asia, and its first location in the region, when it commences operations in September this year.
The new space in Singapore will be on the second floor of Capitol Singapore and will be designed to create a “cosmopolitan atmosphere”, the company says. About 70% of the space will be catered for private offices, while the rest is set aside for other amenities. No18 is based in Stockholm, Sweden, and its global offerings include a mix of private offices, private desks, and co-working spaces. Typical facilities in its co-working locations include health clubs, cafes, bars, restaurants, and event spaces.
“Our aim is to create a cosmopolitan business club and enriching experience for organisations of all sizes. Having a flexible workspace is critical for emerging businesses, including small and medium enterprises,” says Betül Genc, country manager of IWG Singapore.
No18’s members will have privileged access to wine and dining options at Capitol Piazza and The Capitol Kempinski Hotel Singapore. An event space in No18’s co-working area will host health and wellness events, as well as luxury product launches.
Located in the Downtown Civic District, Capitol Singapore is owned by Perennial Real Estate Holdings. The property is an integrated development across three conservation buildings and comprises the Capitol Piazza retail mall, The Capitol Kempinski Hotel Singapore, Capitol Theatre, and Eden Residences Capitol. — EdgeProp.sg