JustCo Expands its Locations in the Australian Market

Sydney and Melbourne sites are being targeted by the Singapore-based, JustCo, as it is rapidly expanding into the Australian market.

Co-working eyes to cater 500 companies that are open to flexibility, community engagement and collaboration. The system has rapidly changed the commercial landscape with an appeal that spans the social media generation. Prominent firms such as WeWork, Hub Australia, GPT’s Space & CO, Wotso, Servcorp and JustCo find this sector as a niche for competitive business battleground.

JustCo, being a new entrant in the co-working market, is backed by Singapore’s sovereign wealth fund, GIC, and leading Singapore developer Frasers Property. The two companies invested $256 million to grow the Asia-Pacific co-working platform.

Named as Asia’s leading flexible workspace provider, JustCo has built its network in Singapore, Indonesia, Thailand, Taiwan, China and South Korea. Next on the plan list includes expansions in other Asian markets, including India, Japan and the Philippines.

Kong Wan Sing, JustCo’s founder and chief executive confirms an extremely positive feedback from Australia. They have been offering brand new spaces with quality services and worthwhile benefits. In fact, their first centre in Sydney is over 3,700 sqm which is more spacious than the average commercial spaces measuring around 900 sqm. JustCo boasts a 90 per cent plus occupancy across all its locations.

The changing demands of millennial workers lead to the boom pf co-working spaces in the market. From 80 locations in 2013, it rose to more than 400 in Australia’s two main capital cities.

JustCo opened its first centre in the heart of Sydney’s CBD on 175 Pitt Street in May offering 4,200 square metres followed by another space opening this coming July at 60 Margaret Street with 2,700 sq m across two levels.

Article and image source:  https://theurbandeveloper.com/articles/asias-largest-co-working-group-ramps-up-australian-expansion


Ray White’s top 10 listings for June: (Click on the address to view listing)

Ground Floor, 26A Lime Street SYDNEY

Level 11, 191 Clarence Street SYDNEY

Suite 1101, 37 York Street SYDNEY

Suite 503, 309 George Street SYDNEY

Level 7, 61 York Street SYDNEY

Suite 902, 50 Margaret Street SYDNEY

Part Level 27, 1 Farrer Place SYDNEY

Suite 402, 12 Mount Street NORTH SYDNEY

Level 1, 36 Gosbell Street PADDINGTON

Suite 301, 66 Clarence Street SYDNEY