CapitaLand's first co-working space set up in Yangpu District

One of Asia's largest real estate owners and investors taps co-sharing model to better adapt to fast-changing customer needs.

CapitaLand, one of Asia's largest real estate owners and investors, today launched its first co-working space in Shanghai's Yangpu District as the developer seeks to better adapt to fast-changing customer needs.

The 2,700 square meter co-working space operated under the C³ brand is located at Innov Center, an office and retail complex acquired by the Singapore-headquartered company in mid 2017, near Jiangwan Stadium.

"The C³ co-working space marks our first trial to embrace the co-sharing trend as we keep growing with our clients who seek not only fixed spaces but flexibility as well," said Lim Ming Yan, president and chief executive officer of CapitaLand. "By the end of this year, we will have three more co-sharing spaces, not confined to co-working, opened across the country."

The other three co-sharing spaces, ranging from hundreds to thousands of square meters, will be unveiled at its existing integrated developments — Raffles City Shanghai, Raffles City Beijing and Raffles City Shenzhen, the company said, adding that the co-sharing concept will also be introduced to CapitaLand's future office projects across the country as part of its office eco-system.

CapitaLand now owns and operates more than 180 projects across 41 Chinese cities after entering the China market in 1994.

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