WeWork to launch at 21 Collyer Quay within next year
After restructuring its leases, coworking operator believes that its S-E Asian business could turn Ebitda-positive in Q2
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WEWORK is set to launch its largest location yet in Singapore - at the 21-storey former HSBC building at Collyer Quay - in the next nine to 12 months, Samit Chopra, the company's managing director for international strategy and operations, told The Business Times.
The coworking operator is also expecting to turn Ebitda-positive in South-east Asia, as well as in the overall Pacific region, around the second quarter, said Mr Chopra, who oversees the EMEA (Europe, Middle East and Africa) and Pacific regions. WeWork is targeting breakeven at the group level by end-2021 and could be looking at a listing via a Special Purpose Acquisition Company or a fresh funding round, media reports said.
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