Singaporean developer CapitaLand and Toong have signed a memorandum of understanding to change the working environment in Viet Nam. (Photo: VNA) The first-of-its kind bilateral partnership between one of Asia’s leading realestate companies and Vietnam’s leading developer and operator of co-workingspace, will provide a more modern, progressive, and conducive workingenvironment for start-ups and small and medium enterprises (SMEs) amid agrowing sharing economy trend in Vietnam.
As the first fruit of this partnership, Toong will open a co-working space, itsfirst in HCM City, in CapitaLand’s newest upcoming mall The Oxygen in District2, which was announced at the end of last year.
The space will offer convenient access to modern amenities and high-qualityvalue-added services for more than 300 members in one of the most progressiveand affluent communities in Vietnam.
Making workspace more liveable is definitely a growing trending in highlyurbanised cities in Asia. “CapitaLand aims to provide real estate of thefuture, and working closely with sharing economy players and technologystart-ups is an important pillar of this strategic thrust,” Lim Ming Yan, Presidentand CEO of CapitaLand Limited, said.
“In June we launched our first co-working space in Capital Tower in Singapore,as we pilot our concept for the office of the future, where people work in hubsof collaboration, community and creativity.
“We will also be providing co-working spaces in Ascott’s newly-launched LyfResidences. The retail environment provides a ‘living lab’ for some of thelatest innovations undertaken by the start-ups. At the same time it enables usto observe first-hand the latest innovations in action as we continue toenhance our integrated offline-and-online (O&O) offerings.”
Toong is Vietnam’s largest co-working space developer and operator. After 17months of operation, the company has a total of four locations in Hanoi and DaNang.
Soon after its first site opened in August2015, Toong received a seven-digit investment from Openasia, a group with morethan 20 years of experience in investment and retail spanning seven categoriesin the country, and famous for bringing Starbucks to Vietnam besides manyluxurious fashion brands (Audi, Hermes, Kenzo, etc).
Last December, CapitaLand also signed a strategic partnership with UrWork,China’s leading co-working space operator to bring UrWork space into itscurrent and future malls developed in major cities in China like Beijing,Hangzhou, Shanghai, and Shenzhen.
In Singapore, CapitaLand also worked with Collective Works to incorporateco-working space in its 52-storey Capital Tower project.-VNA
VNA
