Co-working space operator Kr Space doubles down on Hong Kong with second location … even before the first one opens
The company, a spin-off of technology platform 36Kr, says it plans to open a 50,000 square foot space in Times Square by the end of the year in partnership with The Wharf
Kr Space, the Beijing-based co-working space operator, plans to open a location in Times Square in Causeway Bay, doubling down with a second investment in Hong Kong only three months after announcing plans to open its first workspace in the city.
The company said on Thursday it will partner with local property developer The Wharf, which owns the Times Square office and retail complex, to open a 50,000 square foot space before the end of the year.
“High rental prices in Hong Kong’s office building market make co-working space an ideal solution for entrepreneurs looking for flexibility to scale their business quickly and cost-efficiently,” said Liu Chengcheng, chairman and founder of Kr Space. “Hong Kong is Kr Space’s first market outside mainland China and we see a great opportunity to bring Kr Space’s high-quality service and innovative technology-based approach to Hong Kong.”
The upscale Times Square complex features one million square feet of retail space, and one million square feet of Grade A office space, which is home to global tech giants such as Alibaba Group Holding, Google and Apple.
The company aims to offer more pioneering workplaces for local business and innovative companies, as well as multinationals, including financial institutions.
