GIC and Frasers Property partnered with JustCo, a leading coworking space provider in Singapore, to jointly invest $237.89m (US$177m) and facilitate the expansion of the co-working space platform across Asia. GIC and Frasers Property are partnering with JustCo, a leading flexible workspace operator in Singapore, and jointly investing $177m to extend the firm's operations to Greater China, Korea, Japan, Vietnam, Malaysia, the Philippines, Australia and India. The new office will be located at the former site of the Australian headquarters for GIC, which was sold off by its parent company last year. JustCo currently operates in Singapore, Indonesia and Thailand.
GIC and Frasers Property are partnering with JustCo, a leading flexible workspace operator in Singapore, and jointly investing $177m to extend the firm's operations to Greater China, Korea, Japan, Vietnam, Malaysia, the Philippines, Australia and India. The new office will be located at the former site of the Australian headquarters for GIC, which was sold off by its parent company last year. JustCo currently operates in Singapore, Indonesia and Thailand.