CapitaLand invests S$27m in co-working operator in push to build offices of the future

Singapore

CAPITALAND is investing S$27 million in a co-working operator in line with its strategy to build offices of the future that integrate both conventional office space and flexible space.

Through subsidiary CL Kingdom Investment, it invested S$13.5 million for a 50 per cent stake in The Work Project Kingdom (TWPK), and will extend another S$13.5 million in shareholder loans to the co-working operator.