Frasers Property, GIC, JustCo invest US$177m in co-working space platform

Singapore

MAINBOARD-LISTED real estate firm Frasers Property, Singapore's sovereign wealth fund GIC, and co-working space provider JustCo are collectively investing US$177 million to develop a co-working space platform across Asia, the three companies said in a joint statement on Wednesday.

JustCo has a presence in Singapore, Indonesia and Thailand; and this investment will enable JustCo to build on its presence in South-east Asia as it expands into other Asian markets including China, Japan and Australia, among others.