Shares & Derivatives
WeWork Leases Office Space From CapitaMall Trust and Frasers Commercial Trust
By My Sweet Retirement  •  March 6, 2018
Recently, while I was flipping through the financial results presentation slides of two REITs, namely CapitalMall Trust and Frasers Commercial Trust, I came across this company called “WeWork” that seem to take up quite a substantial square feet of office space in these two REITs. WeWork Singapore has committed to lease around 28,700 square feet of space at one of China Square Central’s heritage shophouse blocks. The company had leased 40,000 square feet of office space across two floors of Funan’s North Office Block, becoming Funan’s first office tenant. Being curious, I looked up the term “WeWork”. This is what I found
WeWork is an American startup company founded in 2010 that provides shared workspace across various countries. Recently, they have acquired Singapore based company Spacemob.
Based on my findings, WeWork has a current valuation of US$20 billion. Wow! That sounds like a strong and robust tenant for both of ......
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By My Sweet Retirement
I am a working salaried professional in my mid 30s. Just like most Singaporeans, I worked long office working hours, often trying very hard to find some work life balance. The Sweet Retirement Blog was created to share my journey towards achieving a comfortable retirement life. I believe we cannot simply rely solely on our Central Provident Fund savings when reaching old age. Neither can we rely solely on our bank savings as we all know the interest rates cannot beat inflation.
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