Malaysian co-working start-up Colony has secured its largest tenant for its CBRE Eco City site, which is set to open in Malaysia today . Co-founder Timothy Tiah said the MYR5.6m ( US$20 million ) 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. A CBRE survey revealed more than 50% of businesses plan to incorporate co-working space into their office portfolios.
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. A CBRE survey revealed 65% of businesses plan to incorporate co-working space into their office portfolios.