JustCo to open first co-working building in Seoul in November
By Timothy Tay
/ EdgeProp Singapore |
Homegrown co-working operator JustCo will manage its largest co-working centre in the Asia-Pacific when it opens the newly named JustCo Tower in Seoul’s Gangnam Business District in November this year. The 16-storey commercial building, formerly known as FL Tower, is JustCo’s first lease of an entire building that will be transformed into a multi-level co-working space.
Spanning 140,000 sq ft, the building will be JustCo’s fourth co-working centre in South Korea in less than a year, following the opening of centres in Ferrum Tower, Seoul Finance Centre, and an upcoming centre at The Pinnacle Gangnam.
The reception area at JustCo Ferrum Tower in Seoul, South Korea (Picture: JustCo)
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JustCo says the co-working building will offer a one-stop workspace solution to large organisations which see increasing value in a co-working space, as they can enjoy flexibility, cost savings, and access to JustCo’s regional network of co-working centres. “With JustCo Tower due to open in November 2019, we already have 60% of the space pre-leased,” says Kong Wan Sing, founder and CEO of JustCo.
JustCo Tower has views of the cityscape, and will boast private suites, hot-desking areas, and two event spaces. Other features include a multi-purpose rooftop lounge, a games area, phone booths, and sleeping pod rooms.
The investment from Singapore’s sovereign wealth fund GIC, and property giant Frasers Property, is playing a vital role in fuelling JustCo’s rapid expansion across Asia, the company says. The two entities, along with JustCo, jointly invested US$177 million ($242.36 million) in May 2018 to fuel its regional plans.
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