Malaysian co-working start-up Colony has secured its largest tenant for its Colony @ Eco City site, which is set to open in Kuala Lumpur this month. Tiah explained that the deal will see the regional importer and distributor in the food industry, which he declined to identify, move its regional headquarters to become the anchor tenant of Colony’s soon-to-be-opened KL Eco City location. Co-founder Timothy Tiah said the MYR5.6m ($1.4m) agreement with a local food importer and distributor marked a possible inflexion point in the Malaysian co-working sector, as growing numbers of corporations expressed an interest in the sector. The company will be located at Jalan Tun Razak, near the new Petronas-developed residential complex that houses offices of several major companies, including AirAsia, Malaysia Airlines (MAS) and Royal Brunei Airlines.
Malaysian co-working start-up Colony has secured its largest tenant for its Colony @ Eco City site, which is set to open in Kuala Lumpur this month. Co-founder Timothy Tiah said the MYR5.6m ($1.4m) agreement with a local food importer and distributor marked a possible inflexion point in the Malaysian co-working sector, as growing numbers of corporations expressed an interest in the sector. The company will be located at Jalan Tun Razak, near the new Petronas-developed residential complex that houses offices of several major companies, including AirAsia, Malaysia Airlines (MAS) and Royal Brunei Airlines.