- Partnership delivers best-in-class flexible workspace located within Orchard Road, Singapore’s luxury commercial district
- Flexible workspace operates within SIN Capital’s luxury mixed-use development, Orchard Hills, Asia’s first Grade A, fully-integrated luxury healthcare hospitality development
- The first international foray for Industrious, the highest-rated US flexible workspace operator
SINGAPORE, 30th October 2020 — Leading diversified professional services and investment management firm Colliers International (NASDAQ and TSX: CIGI) today announced the new partnership between Industrious, the highest-rated workplace operator in the US, and SIN Capital, a Singapore-based Pan-Asian multi-asset professional investment firm, which will bring flexible workspace to Orchard Hills, SIN Capital’s luxury development in Singapore and Asia’s first Grade A, fully-integrated luxury healthcare hospitality development.
In an agreement brokered by Colliers International, Industrious, which currently operates more than 95 locations in more than 50 US markets, will launch its first international location by transforming approximately 30,000 sq ft at Orchard Hills into a dynamic, hospitality-driven workplace destination. In partnership with SIN Capital, Industrious will operate on floors two, three and four, anchoring the commercial component of the development.
Within its iconic, modern architecture, Orchard Hills will deliver a seamless, one-of-a-kind experience that combines bespoke luxury hospitality services, carefully curated health and wellness services, modern and healthy cuisine options, and premium, best-in-class flexible workspace all within one seamlessly integrated complex. Orchard Hills will debut Orchard Hills Residences, which will feature 168 serviced residences designed by award-winning Japanese studio, Nikken Sekkei, and which will take guests on a personal journey of self-discovery through immersive spaces, meticulous curation as well as a thoughtful integration of luxury hospitality, healthcare and wellness. Orchard Hills is SIN Capital’s flagship development, the first of a strong pipeline of integrated luxury healthcare hospitality developments in key gateway cities across Asia.
David Sin, Chairman of SIN Capital, said: “We are delighted to partner with Industrious at Orchard Hills for their first international location. We believe that Industrious is the ideal partner for us at our flagship development given their leadership position in flexible workspace solutions and we look forward to working with Industrious to curate a best-in-class shared workplace experience.”
Jaime Hodari, CEO and Co-Founder of Industrious, commented: “Businesses are increasingly looking for flexible workspace options that are accessible on whatever terms work best for them. Industrious is committed to being their partner of choice as companies and landlords alike look to optimize workplace strategies for whatever the future may bring. These trends know no borders, and we are thrilled to have an innovative partner in SIN Capital to bring our industry-leading solutions to the Asia market for the first time.”
Jonathan Wright, Director of Flexible Workspace Consulting for Colliers added: “It has been exciting to work with SIN Capital and Industrious on this project. SIN Capital were clear in their vision from the outset, which was to deliver a best-in-class dynamic, hospitality-driven workplace destination that could drive outstanding returns. With Industrious’ track record of being the landlord partner of choice, connecting the two made perfect sense.”
Demand for increased flexibility and enhanced building amenities has accelerated dramatically in recent years. Industrious provides places to work that are safe, comfortable, and private — and are designed around people’s individual preferences and schedules. Industrious is scheduled to open the Orchard Hills location in Q2 2021, and past and present members in the US include: Cisco, Compass, Spotify, Heineken, Lyft, and Salesforce.
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About Colliers
International
Colliers International is a leading diversified professional services and investment management company. With operations in 68 countries, our more than 15,000 enterprising people work collaboratively to provide expert advice to maximize the value of property for real estate occupiers, owners and investors. For more than 25 years, our experienced leadership team, owning approximately 40% of our equity, has delivered compound annual investment returns of almost 20% for shareholders. In 2019, corporate revenues were more than $3.0 billion ($3.5 billion including affiliates), with $33 billion of assets under management in our investment management segment. For the latest news from Colliers, visit our website or follow us on social media.
About Industrious
Industrious’ private offices and suites — the highest-rated workspaces in the industry — provide the most sustainable option for companies to manage newly distributed teams for the long term. We make it easy to find an office that works for you — even if you come in just once or twice a week. Recognized as one of America’s 500 fastest-growing companies in 2020 by Inc. Magazine, Industrious offers flexible terms and locations in more than 50 U.S. markets. For more information, visit industriousoffice.com.
About SIN Capital
SIN Capital is a Pan-Asian multi-asset professional investment firm with offices in Singapore and Hong Kong. The firm focuses on private investments in healthcare and real estate sectors across key gateway cities in Asia.
For further information, please contact:
Danielle Paterson
Asia Marketing & Communications
Colliers International
Phone: +852-2822-0541
Email: danielle.paterson@colliers.com
Corey Chambliss
Director of Communications
Industrious
Email: cchambliss@industriousoffice.com