JustCo signs agreement with Ho Bee Land to manage space at The Metropolis

CO-WORKING operator JustCo has inked an agreement with Ho Bee Land to manage about 35,000 square feet of The Metropolis office space in Buona Vista, Singapore.

The JustCo-managed space, scheduled to open in the first quarter of 2022, will occupy two floors in The Metropolis Tower One. It will be designed to optimise the sharing of spaces, assets and amenities to provide flexible space solutions.

Since 2019, the company has embarked on a more "asset-light" model of managing space for landlords, instead of taking on long-term leases, The Business Times reported.

Located next to Buona Vista MRT Station, JustCo at The Metropolis is the company's second centre in the one-north precinct and is meant to serve as an ideal location for workforce decentralisation plans.

The agreement with Ho Bee Land comes amid heightened demand from businesses for flexible work options. In the thick of the pandemic last year, JustCo added companies such as Tencent-backed Riot Games and cosmetic giant L'Oreal to its client base.

Businesses are looking for flexible rental options that are versatile and highly responsive to changing market dynamics, said Kong Wan Sing, founder and chief executive of JustCo.

Businesses seeking to deploy less capital into real estate and employees are expecting more choices over how and where they work, he added.

Chong Hock Chang, group director of projects and marketing at Ho Bee Land, said: "Today's announcement to partner JustCo bears testament to our continued commitment towards offering flexible office and rental solutions that will help our tenants better adapt to the new 'norm' of having a hybrid workforce and a challenging operating environment."

READ MORE: JustCo eyes global growth and an IPO