CapitaLand invests $27 mil in co-working operator for new 'office of the future' strategy

Michelle Zhu
Michelle Zhu10/2/2018 07:40 AM GMT+08  • 3 min read
CapitaLand invests $27 mil in co-working operator for new 'office of the future' strategy
SINGAPORE (Oct 2): CapitaLand has, through its subsidiary CL Kingdom Investment (CKI), subscribed for a 50% stake in The Work Project Kingdom (TWPK) for $13.5 million, with the intention of extending shareholder loans through CKI to TWPK.
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SINGAPORE (Oct 2): CapitaLand has, through its subsidiary CL Kingdom Investment (CKI), subscribed for a 50% stake in The Work Project Kingdom (TWPK) for $13.5 million, with the intention of extending shareholder loans through CKI to TWPK.

TWPK owns the intellectual property rights to the brand The Work Project, a design-centric developer and operator of co-working offices in Hong Kong and Singapore.

Together with the subscription amount, the shareholder loans will bring CapitaLand’s total investment in The Work Project to $27 million.

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