Developers, funds target China demand for co-working space amid startup boom
Hong Kong
REAL estate developers and financial investors are capitalising on fast-rising demand for leasing of "co-working" spaces in China, as Beijing encourages startups and small businesses in a bid to offset slowing growth at traditional industries.
Developers, including China Vanke, Soho China and Singapore's CapitaLand, are renting out property space that hordes of self-employed persons or small-sized companies then share, company executives said. The lease deals with the startups are usually short term and are done mainly through specialised operators.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
No bids for Pine Grove’s mega en bloc sale at S$1.95 billion price
Rents set to be last domino to fall in global inflation battle
US rents climbed 1.5 times faster than wages in last four years
Australian budget to target housing woes with more construction workers
UK construction growth hits 14-month high in April, PMI survey shows
KKR buys 14 hotels in Japan, converts them to midscale Sheraton properties