The new 150,000 square foot (13,935 square metre) lease comes despite the shared office giant revealing last week that it had lost $2 billion dollars in 2018, and media … Book workspace by the day and meeting rooms by the hour when you need it. Four floors in the ultra-modern high-rise are dedicated to WeWork, featuring beautiful lounges, well-connected conference rooms, and sleek private offices. That means that whether you’re looking for day-to-day flexibility, your own office or a quick place to hold that big workshop, you’ll find what you need right here. Money & Politics . Enhanced Cleaning Services In addition to WeWork’s normal cleaning routine, we are cleaning “high-touch” surfaces and “high-traffic” areas every two hours during … Files for Chapter 11 Bankruptcy Due to COVID-19 Impact, Bryan Cranston Reveals He's Overcome COVID-19, Cristiano Ronaldo Tests Positive for COVID-19, 'Parasite' Now Available to Stream Exclusively on Hulu, NEIGHBORHOOD Teases Outdoor Collab With Helinox, PUMA & Porsche Celebrate the 911 Turbo With Footwear & Apparel Capsule, Awesome Boy and Ichiryu made Customize COOJI, Champion and More for FW20, Philly Rapper & A$AP Mob Affiliate Chynna Has Passed Away at 25, here’s everything we know about the rumored iPhone 9. Featuring a sun shelter, camping chair, portable cot, and packable table. Pick up where you left off. For companies of all sizes, … MTR Central Station. The city boasts the most economic freedom of any metropolis in the world, and is a fruitful playground for ventures of all kinds. WEWORK has not paid April rent for some US locations and is approaching landlords regarding rent abatements, revenue-sharing agreements and other lease amendments as it seeks to trim liabilities, according to people with knowledge of the matter. Hong Kong Park is 600 metres away. [HONG KONG] Swire Properties Ltd. has signed an agreement with WeWork Cos. to lease four floors providing about 55,000 square feet in a commercial tower in Taikoo Shing, the first deal between the co-working space provider and a major listed Hong Kong developer. Hot desk: HKD 6,200/mo ‍ Access: 24/7. Hong Kong's Richest. (Bloomberg) -- WeWork Cos., the co-working space company that’s among the world’s most valuable startups, is in advanced talks to rent a building in Hong Kong’s popular nightlife district near the city’s business center, according to people familiar with the matter. Discover the latest and popular real estate listings such as Apartment, Estate, Village House, Serviced Apartments, Villa and more on squarefoot.com.hk. WeWork has already locked in a participation lease with Daman Land in Malaysia and global supply chain manager Fung Group. (Bloomberg) -- WeWork Cos., the co-working space company that’s among the world’s most valuable startups, is in advanced talks to rent a building in Hong Kong… WeWork did not comment on the story, and … WeWork is more than a co-working space, whose membership includes flexible creative spaces, participation in exclusive events, and global access. The primary business districts in Hong Kong Island are: Sheung Wan Making up the north-west section of Hong Kong Island, Sheung Wan is a well-established area, dominated by local businesses. The rent is as low as HK$1,000 per month for a one-year contract. For companies of all sizes, WeWork provides the global scale and flexibility to help your business adapt to uncertainty. IWG Plc. Asking rent from $3,800.00/seat/month . Private office: 8,990/mo. IWG Plc. At this convenient address, discover floors of co-working and private offices that cater to needs you didn't even know you had. WeWork aims to cut rental costs through revenue-sharing leases … but can it persuade Hong Kong’s landlords? From spaces that prioritize your health and safety to unmatched flexibility, WeWork is reimagining the workplace to give you the confidence to move forward through COVID-19 and beyond. Couple those new markets with the prediction that 40% of the workforce will be freelancers by 2020, WeWork could be sitting pretty over the next few years. “WeWork believes in the long-term prospects of our locations and our relationships with landlords across the world,” said a statement from a WeWork spokesperson. WeWork - Wanchai, 10/F, YF Life Tower, 33 Lockhart Road Wanchai, Hong Kong. What’s New: U.S. co-working space chain WeWork is dumping about one-fifth of its Hong Kong locations as small enterprises in Hong Kong failed to take up its space offerings in the city, local media reported. In Hong Kong, WeWork has signed a few long-term leases with Hysan Development. WeWork’s coworking spaces in Hong Kong are the ideal base for you and your business. The news comes soon after WeWork offered various tenants discounts in the hopes to minimalize cancellations as a result of government-mandated quarantines and work-from-home arrangements. Kehlani, Kari Faux, Vince Staples, and more pay tribute to the A$AP Yams mentee. It is the world's 4th most densely populated sovereign state with a … Buzzing with cross-sector innovation, this centrally located coworking environment at LKF Tower is ideal for teams of all sizes. WeWork did not comment on the story, and sources said the talks may not lead to a formal deal. Co-working operators usually opt for an asset-light model where they share revenues with the landlords. Swiss flexible workspace giant IWG has taken over rival WeWork’s 50,000 square feet of office space in Tsim Sha Tsui, the second time this year it has swooped on one of the American provider’s vacated premises in Hong Kong.The space, to be rebranded as Signature at Gateway, is located in Gateway Tower 5, one of 10 commercial buildings that sit on top of the Harbour City mall. The New York-based company gave up at least two floors in Hysan Place in Causeway Bay and six floors in Harbour City in Tsim Sha Tsui, about 182,000 square feet in the two prominent … Including iterations of the Future Rider and Speedcat Lux. Tech Apr 9, 2020. Hong Kong Shared Office Space. In Hong Kong, WeWork has signed a few long-term leases with Hysan Development. WeWork - LKF Tower: 33 Wyndham Street, Hong Kong, Central, Hong Kong. WeWork rents office space from real estate companies, gives it a makeover with business-focused services, and subleases it to other companies and mobile workers at a profit. WeWork, various locations across Hong Kong, www.wework.com Compass Offices A home away from home for budding entrepreneurs and businesses all over the globe, Compass Offices has combined private serviced offices with trendy co-working areas in order to meet all of your needs. The rent was not disclosed, but Swire said WeWork will pay market rate. All Rights Reserved. The building is under renovation at present. All 4 units *Rent is negotiable . Sources say that the … (OTC: IWGFF), formerly known as Regus, a flexible workspace firm has taken over rival WeWork’s Hong Kong office space in an expansion drive. Only five months after its initial launch. Instead, it is now hoping to come to an agreement with various landlords regarding alternative options, such as revenue sharing, rent abatements, or other amendments to its leases to reduce its liabilities. WeWork, the US operator of shared work spaces, has given up 182,000 sq ft in Causeway Bay and Tsim Sha Tsui, two of Hong Kong’s prime office districts, according to agents familiar with the matter. Free WiFi is provided throughout the property. HYPEBEAST® is a registered trademark of Hypebeast Hong Kong Ltd. Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more. Overall, the amount of co-working space coming online in Hong Kong is expanding rapidly as operators fight for market … Property No. Timothy A. Clary/Getty Images. Hong Kong and Mainland China are worlds apart in both culture and lifestyle. Join us for live and on-demand webinars that cover a wide range of workplace trends and insights. Other Hong Kong Island; Wework - 14 Taikoo Wan Road ; Wework - 14 Taikoo Wan Road 21/F, 14 Taikoo Wan Road, Taikoo Shing, Hong Kong , Other Hong Kong Island . From private offices and coworking spaces to corporate office buildouts, WeWork has a comprehensive range of office spaces for rent. By adding HYPEBEAST to your ad blocker's whitelist, ads on our sites will show while you continue to browse. US co-working unicorn WeWork still has its foot on the gas in Hong Kong with local news sources saying the flexible space startup has just taken on six new floors in Wharf’s Harbour City complex near the Star Ferry terminal in Tsim Sha Tsui. We’ve installed strategically placed signage as friendly reminders on how and when to professional distance and practice cleanly habits. In addition to our hallmark amenities like front desk service, private offices, and unique … Finding Lan Kwai Fong Office Space. Gain access to open workspace across hundreds of WeWork buildings worldwide. It is expected rent will be fixed at HK$60 per square foot per month. The accommodation is air conditioned and has a flat-screen TV with satellite channels. Contact Us. A creative office solution boosts Microsoft’s employee productivity, A software giant taps into a world of agile office space, Hootsuite scales globally with agile real estate, Navigate the future of the workplace based on WeWork’s decade of learnings and global insights, Returning to the office: How WeWork is making it happen, The changes universities have been waiting for. From luxury boutiques to mom and pop stores, Hong Kong’s retailers are hurting. According to a new report from Bloomberg, the co-working giant’s revenue has been suffering from the ongoing coronavirus pandemic, which has now forced it to forego paying its rent at some of its locations. Situated in Hong Kong, Two MacDonnell Road is 500 metres from Lan Kwai Fong. HONG KONG – WeWork – a United States-based operator of shared offices (or co-working space) – opened in Hong Kong last year and is set to become the next major tenant of LKF Tower in Central. Why WeWork Is Your … WeWork - Taikoo, 21/F, 14 Taikoo Wan Road Taikoo Shing, Hong Kong. IWG, the world’s largest flexible workspace company, has made its first move to capitalise on the retrenchment of WeWork, taking over a Hong Kong office vacated by its rival. WeWork already operates two facilities in Hong Kong. The city boasts the most economic freedom of any metropolis in the world, and is a fruitful playground for ventures of all kinds. WeWork Late on Rent Payments as COVID-19 Negatively Impacts Revenue Hoping to find alternative arrangements with landlords. WeWork is currently in seven locations in Hong Kong, and it is planning to open two more this year. All units include a microwave and refrigerator. New York-based WeWork has missed some of its rent payments for the month of April. 2018 saw rent in Hong Kong’s Central district soaring 7.5%, which has made many law firms and finance companies to relocate to cheaper areas of the city. WeWork Late on Rent Payments as COVID-19 Negatively Impacts Revenue, Elon Musk Tests Both Positive and Negative for COVID-19, Negative COVID-19 Result, Mandatory Vaccination Required to Attend Ticketmaster Concerts, Nike Pulls Out of Goodyear Facility Citing COVID-19 Impact, MUJI U.S. “Rather than implementing a companywide policy on rent payments, we are individually reaching out to our more than 600 global landlord partners to work in good faith towards finding asset-specific solutions that benefit all parties involved.”. Search properties for rent in Hong Kong. WeWork is more than a co-working space, whose membership includes flexible creative spaces, participation in exclusive events, and global access. But those are outside the … To learn more about how we use cookies or how you can disable them, please see our, Any information you submit to us through this website will be processed in Russia to the extent required by law, and in accordance with the. For Lease Co-Working Space . WeWork already operates two facilities in Hong Kong. Move-in ready office space with access to standard amenities and meeting rooms, Office space intentionally designed for larger teams, with community support and options for private meeting rooms and executive offices, Configurable office space on a private floor with options for your own branding and amenities, 24/7 access to open workspace and meeting rooms in one WeWork building of your choice, Your own desk in a shared, lockable office with 24/7 access to amenities and meeting rooms. The new … We’re maximizing outside air use, extending the HVAC schedules when possible, and partnering with landlords to follow CDC and ASHRAE air quality guidelines. Hong Kong’s competitive economy brings out the best in any business, so if you’re looking to play ball with the grandmasters, WeWork is just the place to step up to … Within its borders lie vibrant locations such as the historic Western Market and superb access to transport via hubs like the Hong Kong-Macau Ferry terminal. Finding Workspace in Causeway Bay Surrounded by world-class retail and dining destinations, our coworking space in Causeway Bay is the start of your next chapter. A dedicated desk will cost you 5,800 Hong Kong dollars. In Hong Kong, WeWork is up against leading developer Swire Properties’ blueprint, which announced it will be relocating to a 30,000 square foot (2,800 square metre) facility on the day before WeWork’s launch, as well as a number of smaller, independent co-working space operators. Hong Kong’s competitive economy brings out the best in any business, so if you’re looking to play ball with the grandmasters, WeWork is just the place to step up to the plate. But after opening 9 and counting WeWork offices in Hong Kong, we had to include them in this list! The monthly rent for a hot desk starts at HK$3,800 (US$484), while the monthly rent of a private office can range between HK$7,600 and HK$142,000, depending on size. Simmons pays $1,100 a month for two desks at a location in Harlem, and after WeWork rejected her request for a rent freeze, she canceled her membership. A private office will set you back 6,500 Hong Kong dollars per person and month. WeWork currently has international offices in Israel, the UK, Canada, Netherlands, and Germany with Mexico, India, South Korea, China, Hong Kong, and Australia coming soon. Spaces Lee Garden 3 is a vibrant working environment in Hong Kong’s Lee Gardens, offering co-working spaces, private office space and meeting rooms for your business presentations. ... Hong Kong's richest family loses US$8b in … Currently, WeWork has 15 sites in Hong Kong, according to its website, which it sells as hot desks or flexible workspaces to local entrepreneurs and freelancers. WeWork’s high-risk strategy has allowed the company to grow rapidly during the current economic expansion. WeWork - Tower 535, 20/F Tower 535, 535 Jaffe Road Causeway Bay, Hong Kong. Hong Kong Nanjing ... To ensure the safety of our spaces, WeWork Community team employees and daily vendors will be temperature checked before the start of their shift, and wear face coverings in our spaces, and while interacting with members. Co-working operators usually opt for an asset-light model where they share revenues with the landlords. Asking rent from $3,800.00/seat/month . There is a seating and/or dining area in some units. IWG Plc. 'Cleaning efficiency' The machine sends an alert if there is an issue, such as bumping into a wall. But after opening 9 and counting WeWork offices in Hong Kong, we had to include them in this list! Property details; Location; Contact Us. The operator also leases out 10 other co-working restaurant sites. We appreciate your support in allowing HYPEBEAST ads, where we can share contents from the latest fashion, to those culturally relevant. Nestled amongst modern skyscrapers and historical buildings, WeWork Tower 535 is located in one of the most prestigious neighborhoods in Hong Kong. Private office: 8,990/mo. Serviced Offices / Business Centres by Wework in HONG KONG(p.1) WeWork is a global network of workspaces where companies grow together. WeWork’s coworking spaces in Hong Kong are the ideal base for you and your business. Situated in the knowledge hub of Hong Kong, neighboring the Google, Alibaba, Facebook, Apple, and Manulife offices; Supporting facilities include partnership access to over 20 restaurants, 4 gyms, numerous hotels and lifestyle services to maximize your experience (646) 389-3922 Saved. WeWork India CEO Karan Virwani made the announcement during an all-company meeting on Monday and through an email stating that there was an “immediate need to reduce costs.” Read more>> More Than 15,000 HK Shops May Close Without Rent Relief. Try adjusting your filters or browse all solutions below. The rent was not disclosed, but Swire said WeWork will pay market rate. All 4 units *Rent is negotiable . Looking for a Lan Kwai Fong office space that will help your business thrive? Contact Us. (OTC: IWGFF), formerly known as Regus, a flexible workspace firm has taken over rival WeWork’s Hong Kong office space in an expansion drive. It also has two locations in Hong Kong. Terms & Conditions Under the traditional tenancy lease agreement, a company usually pays a large upfront deposit for a lease that could be for as long as 10 years. Peterson Group, which owns the LKF Tower, said space used for Hotel LKF By Rhombus would be redeveloped for commercial use. Elsewhere in tech, here’s everything we know about the rumored iPhone 9. WeWork had agreed to lease the multi-floor location in Central’s H Code building on Pottinger Street near Lyndhurst Terrace for HK$55 ($7.10) per square foot per month in May of last year, according to local media accounts at the time, making the total rental cost around HK$5.5 million per month. IWG Plc. Hong Kong Macao Taiwan ... we were similar to WeWork, in that we rent the space from landlords and made them into coworking space for our customers. In response to COVID-19, we are enhancing our health and safety standards for your clients’ peace of mind. WeWork opened its first office in China in Shanghai in July 2016, expanding to four properties now, while in Beijing it has two spaces now. 2020 Hypebeast Limited. The three-feet-tall (0.9 metres) vacuum was initially only offered for rent in Japan and Hong Kong. By Jeff Yeung. 33 Wyndham Street Hong Kong. (OTC: IWGFF), formerly known as Regus, a flexible workspace firm has taken over rival WeWork's Hong Kong office space in an expansion drive. HKG-SE-P-26 . Revenue increased from $886 million in … Learn more today. At WeWork, which is an international coworking space operator, you need to pay 5,800 Hong Kong dollars for a hot desk in Lee Garden One (33 Hysan Avenue). A quick glance at WeWork’s Hong Kong website gives a glimpse into the co-working company’s operations in the city. External Office 23 … Amenities: Daily cleaning; IT support What’s New: U.S. co-working space chain WeWork is dumping about one-fifth of its Hong Kong locations as small enterprises in Hong Kong failed to take up its space offerings in the city, local media reported. Workspace solutions. WeWork rented more than 100,000 square feet in Hong Kong’s Wan Chai and Causeway Bay areas last year. Find the space that's right for you. The South Korean film took home four Oscars. Co-Working Space ... 65 minutes to Hong Kong AirportTake MTR from Tai Koo Station to Central Station and switch to Airport Express Line at Hong Kong Station. New York-based WeWork currently operates two facilities in Hong Kong, though those spaces are leased from smaller landlords in Grade B buildings in Wan Chai and Causeway Bay. WeWork rented more than 100,000 square feet in Hong Kong’s Wan Chai and Causeway Bay areas last year. Home; Locations; Workspace; Enterprise; Ideas; Saved; Have questions or need help? In a move sure to excite entrepreneurs and enterprises alike, WeWork celebrated the official opening of one of its flagship Asia locations by hosting a formal opening ceremony at Tower 535 in the heart of Causeway Bay, Hong Kong. WeWork believes the unique location in Lan Kwai Fong will match the needs and preferences of young tenants. Swire Properties Ltd. has signed an agreement with WeWork Cos. to lease four floors providing about 54,000 square feet in a commercial tower … WeWork's rapid expansion in Hong Kong has seen it acquire about 1 million sq ft of office space, translating into about 1 per cent of Hong Kong's leasing market, while the co-working industry as a whole in the city accounts for 3 per cent. This location offers members beautifully designed work spaces and world class services, along with a breathtaking view of Victoria Harbor. WeWork Late on Rent Payments as COVID-19 Negatively Impacts Revenue: Hoping to find alternative arrangements with landlords. Privacy Policy. It is known that WeWork has wanted to expand services in Hong Kong. We’ve adjusted seat spacing in shared areas and workstations so you can continue day-to-day operations, while maintaining a healthy physical distance. (OTC: IWGFF), formerly known as Regus, a flexible workspace firm has taken over rival WeWork’s Hong Kong office space in an expansion drive. We’re providing our locations with new materials and equipment so our community can keep spaces healthy and clean. WeWork has already locked in a participation lease with Daman Land in Malaysia and global supply chain manager Fung Group. Malaysia's Richest. Vintage garments have been given a new life. WeWork, headquartered in New York, has been giving up its spaces in Hong Kong, and presently has eight locations. Nearby transit. A step-by-step guide to how we revamped our spaces so employees could comfortably collaborate in person, How Covid-19 accelerated the education industry toward 3 major changes innovators have long fought for, By continuing your journey on our site, you consent to the placement of cookies. 2018 saw rent in Hong Kong’s Central district soaring 7.5%, which has made many law firms and finance companies to relocate to cheaper areas of the city. Amenities: Daily cleaning; IT support We’re carrying out more intensive and frequent cleanings to protect the wellbeing of our members and employees. Translated "Hong Kong" literally means "Fragrant Harbor" or "Incense Harbor" and is located south of China's mainland and east of the Pearl River Estuary. Hot desk: HKD 6,200/mo ‍ Access: 24/7. The gross floor area leased is approximately 85,000 square feet of office space. WeWork's response to COVID-19 Created with Sketch. 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