The Work Project’s Coworking Centre At 6 Battery Road Half Occupied
SINGAPORE – Since it opened in early November 2022, The Work Project’s coworking outlet at 6 Battery Road is now around 50 percent occupied and is expected to be fully taken up by June 2023, reported The Edge on Wednesday morning (25 January, SGT).
The 47,000 sq ft coworking centre is located on level 3, 6, and 7 of the 42-storey Grade A office building in Raffles Place. It houses a total of around 1,000 shared and private desks, in addition to hot desks, board rooms, meeting rooms, and a function space.
The 3rd floor features the primary entrance to the coworking outlet. It also contains most of the huge meeting rooms. Previously, the entire level was used by Standard Chartered as its trading floor before the bank relocated in 2022 after being an anchor tenant at 6 Battery Road for over 3 decades.
As for level 6 and 7, it houses clusters of desks, private offices and private phone booths. More importantly, these workspaces offer breath-taking views over the Singapore River and the city’s Civic District.
The Work Project’s Global Head of real estate, Noeleen Goh, revealed that unlike some of the coworking space operator’s bigger branches like in the CapitaSpring office building, the 6 Battery Road outlet is not focused on enterprise clients, or firms that take up over 25 seats.
Instead, the coworking centre prioritises small customers (fewer than 10 seats) as well as medium-sized clientele (10-25 seats). While enterprise clients are allowed to occupy space in 6 Battery Road, the coworking centre’s configuration is more suited to small- and medium-sized companies.
“Most of the existing tenants throughout 6 Battery Road are relatively small-sized tenants, so we are trying to play to the strength of the building,” Goh explained.
Interestingly, 6 Battery Road marks the 2nd location, in which The Work Project has inked a management deal with landlord CapitaLand. The 1st was for a 69,100 sq ft outlet at CapitaSping, which was fully occupied within 10 months of its opening.
“We believe that working hand in hand with landlords for flexible space is the future of our (co-working) sector. Such partnerships can bring about more value to the building tenants by enhancing the amenities,” Goh added.
The Work Project is a Singapore-based coworking space operator that was founded in 2016, with branches in the city-state, Hong Kong and Australia.
In Singapore, the flex space operator’s branches include CapitaGreen, Capital Tower, OUE Downtown, Parkview Square, and Great World City.
In Hong Kong, its branch is in Causeway Bay. The coworking space operator also opened its first outlet in Australia at Quay Quarter Tower in Sydney in 2022.