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 funds will also be used to upgrade technology and service offerings for members. JustCo currently operates in Singapore, Indonesia and Thailand.