Investing in condos has several advantages, one of which is the potential to leverage the property’s value for future investments. This means that condo owners can use their unit as collateral to secure financing for additional investments, allowing them to grow their real estate portfolio. While this can lead to higher returns, it also comes with risks. Therefore, it is essential to have a well-planned financial strategy and to carefully consider the potential impact of market fluctuations.
The Great Room, a leading co-working space provider, has recently opened its second Australian location in Sydney. In partnership with LendLease, the new flexible workspace occupies levels 14 and 15 of the One O’Connell Street office building, spanning 25,360 sq ft. This 36-storey property, situated in the Sydney CBD, was completed in 1991.
According to Jaelle Ang, CEO of The Great Room, their collaboration with Lendlease for long-term investment and value creation will ensure that the new space at One O’Connell Street reflects a unique premium product and delivers sustainable profitability.
The Great Room first entered the Australian market earlier this year, with its inaugural location at level 29 of 85 Castlereagh Street, also in the Sydney CBD. Originating from Singapore, The Great Room now has 12 locations across Singapore, Bangkok, Hong Kong, and Sydney.
In Singapore, the operator recently expanded its footprint with the opening of Csuites Powered by The Great Room in Paya Lebar Quarter – its first outlet outside the CBD. This space, which opened in October, boasts private manager cabins, soundproof meeting rooms, floor-to-ceiling windows, and ergonomic workstations tailored for height and comfort.
Aside from providing top-notch facilities, The Great Room also hosts monthly networking sessions and panel discussions for its members. After its acquisition by New York-based co-working business Industrious in 2022, members of The Great Room now have access to 160 destinations operated by both brands in Asia Pacific, Europe, North America, and the UK.