WORQ, a leading co-working and flexible office space provider in Malaysia, has announced a significant expansion of its Menara UOA Bangsar outlet, in partnership with UOA Asset Management Sdn Bhd. This expansion marks a milestone for WORQ, as it adds 17,500 sq ft of space to the existing 15,000 sq ft, bringing the total size of the co-working facility to an impressive 32,500 sq ft.
UOA Asset Management, a subsidiary of UOA Group, manages the UOA Real Estate Investment Trust (REIT), which owns Menara UOA Bangsar. This strategic collaboration highlights both companies’ commitment to supporting Malaysia’s burgeoning business community by providing state-of-the-art workspaces designed to foster innovation and collaboration.
Achieving Full Occupancy Ahead of Launch
Stephanie Ping, co-founder and CEO of WORQ, proudly announced during the opening ceremony that the Menara UOA Bangsar outlet achieved 100% occupancy a month before the official launch of the expanded space. This remarkable achievement underscores the demand for high-quality, flexible office spaces in prime locations like Bangsar.
The expanded facility caters to a diverse range of businesses, including venture capital firms such as Artem Ventures Sdn Bhd and Antler, as well as prominent organizations like Cradle Fund and tech giant Alphabet Inc.
“This expansion is not only about growing our footprint but also about fostering a vibrant community where innovation and collaboration thrive,” Ping stated during her speech at the ceremony. “Since the beginning, we have focused on meeting the evolving needs of the Malaysian business community, and we are excited and committed to continuing our journey in creating spaces that empower businesses to succeed.”
WORQโs Continued Growth: Focus on WORQ Intermark
Following the success at Menara UOA Bangsar, WORQ has shifted its focus to its latest outlet, WORQ Intermark, located at Integra Tower on Jalan Tun Razak. This new co-working space, which spans 24,000 sq ft, was soft-launched in July and has already achieved an impressive 96% occupancy rate.
WORQ Intermark is a joint venture with Retirement Fund Inc (KWAP), the building owner. The high occupancy rate shortly after the soft launch speaks volumes about the demand for flexible workspaces in strategic locations within Kuala Lumpur.
Supporting the Digital Economy
The expansion and continued success of WORQโs outlets reflect the growing importance of flexible workspaces in todayโs digital economy. The launch ceremony for the expanded Menara UOA Bangsar space was officiated by Wan Murdani Wan Mohamad, Vice President of the Digital Industry Acceleration Division at Malaysia Digital Economy Corporation (MDEC). His presence at the event underscored the critical role that co-working spaces play in supporting the growth of digital industries in Malaysia.
Conclusion
WORQโs expansion at Menara UOA Bangsar and the launch of WORQ Intermark are significant milestones in the companyโs journey to becoming a leading provider of co-working spaces in Malaysia. By focusing on creating vibrant communities and offering flexible, innovative workspaces, WORQ is well-positioned to continue meeting the evolving needs of the Malaysian business community.
As businesses increasingly seek out adaptable work environments that foster collaboration and innovation, WORQ’s ongoing expansion efforts and strategic partnerships with key property owners like UOA Asset Management and KWAP will likely propel the company to even greater heights in the future.
