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WOTSO Opens the Doors to Its Coworking Workspace in Malaysia

  WOTSO OPENS THE DOORS TO ITS FIRST COWORKING WORKSPACE IN MALAYSIA 

Digital Media: WOTSO WorkSpace (“WOTSO”), one of Australia’s largest flexible workspace providers has opened the doors to its first location in Malaysia. WOTSO’s operations in Malaysia is by way of a joint venture between UEM Sunrise Berhad (“UEM Sunrise”), one of Malaysia’s leading property developers and WOTSO’s Australian parent BlackWall Limited, a property development and funds management company listed on the Australian Securities Exchange. The partnership aims to drive innovation economy, flexibility and day to day convenience thereby offering a creative and exciting working environment for individuals and corporates ranging from freelancers, start-ups, small and medium sized enterprises (SMEs) to large multinational organisations. The 14,000 sqft hub will accommodate over 220 members.

KUALA LUMPUR, 28 February 2019 – WOTSO WorkSpace (“WOTSO”), one of Australia’s largest flexible workspace providers has started its first operations in Malaysia. The large facility offers coworking, hot desks, offices, meeting rooms and event space in Mercu Summer Suites, a project under UEM Sunrise Berhad (“UEM Sunrise”), one of Malaysia’s leading property developers and Master developer of Iskandar Puteri.

WOTSO which seeks to excite individuals and corporates ranging from freelancers, start-ups, small and medium sized enterprises (SMEs) to large multinational organisations is located right in the heart of Kuala Lumpur within minutes-walk from KLCC, Dang Wangi LRT and Bukit Nanas Monorail stations.

“The public’s understanding of WOTSO’s business and businesses like it has grown since we commenced operations in Australia 4 years ago” said BlackWall’s Chief Executive Officer, Stuart Brown. “Concepts like “collaborative workspace”, “flexible office space” and “office as a service” are all now well understood by the market.”

The coworking market has grown significantly over the past 5 years. “Lately we are seeing global operators growing significantly by overcommitting to conventional lease arrangements and high end fit out, particularly in the CBD of capital cities. It seems the justification for this is to chase scale or network regardless of profit,” said Brown.

“We have a feeling that this style of business will prove to be unsustainable when the hype subsides. We hope to be in a position to take advantage of the modification if it comes. In the meantime, we will continue to grow through the organic expansion of our sustainable financial model and leverage from our association with a reputable brand like UEM Sunrise that embodies the same vision in creativity and innovation.”

Kenny Wong, Chief Marketing Officer of UEM Sunrise also chimed in that the symbiotic partnership is aligned with UEM Sunrise’s vision, ‘Building communities of the future with you and for you’. “We are always mindful of designing sustainable environments that nurtures community building which includes investments in technology, entrepreneurship and innovation. It is very exciting to be one of the players in Malaysia that continuously adds value to the creative economy. Although the coworking concept is trending in Malaysia, it is still considered a new market with unlimited growth potential. We are confident that WOTSO, being one of the most established coworking space operators in Australia, will be able to provide unique and forward-thinking offerings with their experience and expertise.”

WOTSO is already benefitting from its association with UEM Sunrise. One of its first customers will be a project team which consists of 7 employees who will begin working from the space this week for 6 months, proving that WOTSO can be a solution to large corporates with short term or flexible space needs. The 14,000 sqft hub is large enough to accommodate over 220 members.

WOTSO has a network of 13 locations in Australia and through its “passport programme”, WOTSO members are entitled to work from any location at any time. The passport applies to members from Australia travelling to Malaysia and vice versa. It prides itself to be beyond sharing infrastructure and cost, but belonging to a community, accessibility and sustainability. Unlike the majority of coworking operators, WOTSO does not lock its clients into long term contracts. Instead, it gives flexibility with all offerings available by the day, week or month. For more information on WOTSO visit wotso.com