CapitaLand starts Shanghai co-working space

CapitaLand president and group chief executive Lim Ming Yan (in black jacket) with Ms Lufier Wang, vice-president and founder of Fighting.S and her crew. Fighting.S is a tenant of C3 specialising in cosplay events and talent management. The space has
CapitaLand president and group chief executive Lim Ming Yan (in black jacket) with Ms Lufier Wang, vice-president and founder of Fighting.S and her crew. Fighting.S is a tenant of C3 specialising in cosplay events and talent management. The space has achieved an occupancy rate of over 60 per cent in the two months since its soft launch.PHOTO: CAPITALAND LIMITED

This marks firm's first foray into China's sharing economy sector, with plans for new concepts

Developer CapitaLand officially opened a co-working space in Shanghai yesterday - its first foray into China's booming sharing economy sector.

Named C3 (pronounced "C Cube"), it has achieved an occupancy rate of more than 60 per cent with 23 tenants - mostly tech start-ups - in the two months since its soft launch in March. The 2,700 sq m of space at one of CapitaLand's newly acquired office projects in the Wujiaochang area in Yangpu district comprises about 450 desks.

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A version of this article appeared in the print edition of The Straits Times on May 08, 2018, with the headline 'CapitaLand starts Shanghai co-working space'. Print Edition | Subscribe