JustCo

The GIC-backed company is set to be the second to list on the SGX mainboard this year

The group plans to open 28 centres in 2026, bringing its total to 78; it also intends to enter new markets

Co-working operator also hopes to move towards a management contract model

The pace of expansion slows significantly post-pandemic, as operators take on a cautious stance

More may look to Grade B offices, heartlands for expansion

AFTER a tough time during the pandemic and months of financial instability, Indonesian co-working startup CoHive finally reached the end of its rope and was declared bankrupt in January.

CO-WORKING operator JustCo is planning to launch more centres in Asia-Pacific, after it hit a profitability milestone last August following a recovery in its markets.

ASIAN co-working operator JustCo explored going public in the United States last year through merging with a blank-cheque company. But with markets now plunged into turmoil, perhaps it was just as wel...