With a total of five locations in Thailand, The Flexi Group continues to pioneer flexible workspace expansion via its asset-light approach.
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We are a leading operator and pioneer of "asset-light" flexible workspaces across the Asia-Pacific region, with 45 locations in nine countries. We build beautifully designed workspaces that inspire genuine connections, unlock flexibility and drive productivity.
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The Flexi Group Holdings Ltd. ("The Flexi Group"), the largest flexible workspace operators in Asia, and TG Venture Acquisition Corp. (Nasdaq: TGVC and TGVCW) ("TGVC"), a special purpose acquisition company sponsored by Tsangs Group, announced today that they have entered into a definitive business combination agreement that will result in The Flexi Group becoming a publicly traded company upon closing.
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The Hive, part of the newly formed Flexi Group which has co-working hubs in Hong Kong, Malaysia and Australia, has agreed to lease 2285sq m – almost a third of the 10-storey tower at 222 Hoddle Street – being developed by the Rich Lister’s Hirsch & Faigen development company and due for completion in June next year.
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Chris Edwards, CEO of The Flexi Group, discusses its “twofold” growth strategy and the partnerships it’s forming.
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REGIONAL co-working companies the Hive, Common Ground and The Cluster have merged to form a new company – The Flexi Group – that wants to roll up other industry peers across Asia, and head for an initial public offering (IPO).
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With the global corporations shifting their workplace strategy towards a hybrid working model where workers split their time between home and the office, Chinachem Group is excited to announce the partnership with the Hive, an internationally renowned operator specializing in member experience and connection, to launch an over 17,000-square-foot new flexible workspace in the heart of Central, Hong Kong.
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Knight Frank Malaysia corporate services executive director Teh Young Khean said in the statement: “With the successful rollout of the national vaccination programme leading to a gradual easing of restrictions (lifting of lockdown), we saw active enquiries and gradual recovery of the office market in 3Q and 4Q2021, especially in the coworking segment. “The remote and hybrid working models allow companies to have more space while evaluating the need to scale up or scale down their workforce (occupied space) depending on their business needs and market condition.
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The Hive Lai Chi Kok is a partnership between Hong Kong Hive Limited and boutique Hong Kong real estate developer and private investment fund Vivid Invest. Although an increasingly popular arrangement in other markets, the Management Partnership agreement between the Hive and Vivid Invest is the first of its kind in Hong Kong. Setting a leading example for future coworking operator expansions, the move is indicative of how the industry in Hong Kong is developing away from traditional leasing agreements and towards management contracts with local property owners and developers.
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The growth in demand for flexible coworking environments has increased remarkably over the last few years and continues to grow. Among other things, the lure of connecting with fellow entrepreneurs and potential business partners, and autonomous working are pull factors. As estimated by Knight Frank (international property experts) in 2018, over the past decade the number of flexible office spaces in the world has grown by 3,500 percent, while the number of people working there increased by 8,000 percent. According to the same data, at least 18,000 of such spaces exist around the world and they are able to accommodate at least 1.7m people.
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Iskandar Puteri, 21 October 2021: IIB Ventures Sdn. Bhd., a wholly-owned subsidiary of Iskandar Investment Berhad (IIB), today formalized a Collaborative Agreement with Common Ground Works Sdn Bhd (Common Ground) to develop and operate the first Common Ground Iskandar Space (CGIS) in Iskandar Puteri.
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Common Ground, a coworking space provider is revolutionising the way people and companies work amid the current challenging economic environment. It has launched a pay-as-you-go service called the corporate flex Solution that allows users to drop in to use their spaces and facilities.
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