We are pleased to share with you that UEM Sunrise Berhad (“UEM Sunrise”) has signed a Joint Venture Agreement with Australia’s largest collaborative workspace provider WOTSO, a subsidiary of BlackWall Limited (“BlackWall”) today to jointly create and operate sustainable co-working spaces in Malaysia and Singapore.

A 50:50 joint venture company will be formed to facilitate the implementation of co-working hubs in UEM Sunrise’s current and future projects, starting with Mercu Summer Suites, Kuala Lumpur in 2Q 2018. The second WOTSO in Malaysia will be in Imperia, Puteri Harbour with approximately 30,000 sq ft of spaces which will be launched in two phases. Some of the other earmarked locations also include Shah Alam, Singapore and Melbourne.

The signing ceremony was carried out by UEM Sunrise’s Managing Director/Chief Executive Officer, En. Anwar Syahrin Abdul Ajib and was witnessed by its Chief Operating Officer, Commercial, Mr. Raymond Cheah; while BlackWall was represented by its Chief Executive Officer, Mr. Stuart Brown and witnessed by WOTSO Senior Manager, Mr. Thomas Aitchison.

Through WOTSO, UEM Sunrise aims to infuse its DNA into edgy, cool and hip co-working hubs, bringing people from different industries together and combining their dynamism to spark new ideas.

WOTSO also offers users flexible adaptability based on daily, monthly and yearly rates, perfect for up-sizing and down-sizing businesses. When the two hubs reach stabilisation, the combined annual revenue for Year 3 should pass the RM3.5 million mark with Year 5 breaking RM4 million.