JustCo eyes more expansion, exits China and Indonesia

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.

JustCo, a GIC-backed company last valued at over US$1 billion, manages around two million square feet of space across nine cities.

It tracks its profitability using an Ebitda (earnings before interest, taxes, depreciation and amortisation) metric that accounts for lease payments to landlords – one of JustCo’s largest expenses.