Co-working space provider naked Hub is monetizing its building management software and services by offering them to developers to turn their buildings into flexible, social workspaces. Three large property developers have already signed up for the “community-as-a-service” proposition which could increase yields and tenant retention rates. Speaking to TechNode at the TechCrunch Shanghai event, naked Group CEO Grant Horsfield also revealed that naked Hub is opening its first co-working space outside Asia, by London’s Victoria Station.

“This is never about anything else but money… If we are able to create more value for the tenant, the tenant will pay more money for the service, the landlord will make a higher yield,” said Horsfield, on developers’ interest in the management service.

“Everybody’s quoting 30%, i.e. 30% of the worlds’ commercial property will be co-working/flexible by 2030, that’s from [building management company] JLL,” said naked Hub CIO Dominic Penaloza. “London is the number one city in the world at 7%, New York might be 5%, Shanghai is mid 2, 3, 4, 5%.”

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

Frank Hersey

Frank Hersey is a Beijing-based tech reporter who's been coming to China since 2001. He tries to go beyond the headlines to explain the context and impact of developments in China's tech sector. Get in...