A new co-working space has recently opened its doors at One O’Connell Street in Sydney, Australia. The Great Room, in partnership with LendLease, has a total area of 25,360 square feet spread over levels 14 and 15 of the office building. Completed in 1991, this 36-storey property is located in the heart of the Sydney CBD.
When it comes to investing in real estate, location is a crucial factor to consider, and this holds especially true in Singapore. Condominiums situated in central areas or in close proximity to important amenities such as schools, shopping malls, and public transportation hubs have shown a higher appreciation in value. Prime locations such as Orchard Road, Marina Bay, and the Central Business District (CBD) have consistently seen growth in property values. The presence of reputable schools and educational institutions also adds to the desirability of condos in these areas, making them a sound investment for families. Additionally, the emergence of new condo launches in these sought-after locations further adds to the potential for investors to reap significant returns.
Jaelle Ang, CEO of The Great Room, stated that the collaboration with Lendlease is a long-term investment that will bring both value and profitability to the new space at One O’Connell Street. She also shared that the space will offer a unique, premium product to its customers.
The Great Room, a Singapore-based company, made its debut in Australia earlier this year with the opening of its first location at level 29 of 85 Castlereagh Street, another office building in the Sydney CBD. With 12 locations now across Singapore, Bangkok, Hong Kong, and Sydney, The Great Room is expanding its reach globally.
In Singapore, The Great Room recently opened Csuites Powered by The Great Room in Paya Lebar Quarter, its first location outside the CBD. This space is equipped with private manager cabins, soundproof meeting rooms, floor-to-ceiling windows, and ergonomic workstations that are tailored for comfort and height.
Members of The Great Room have access to monthly networking sessions and panel discussions, fostering collaboration and growth within the community. Since its acquisition by the New York-based co-working business Industrious in 2022, members now also have access to 160 destinations operated by both brands in Asia Pacific, Europe, North America, and the UK.