The biggest flexible workspace deal sets in the Malaysia�s coworking space industry

KUALA LUMPUR, MALAYSIA - Media OutReach - 9 February 2022 - Colony Coworking Space, Malaysia's luxury coworking space provider has signed the largest coworking space deal with Carsome, Southeast Asia largest integrated car e-commerce platform at KYM Tower, Mutiara Damansara. The 6-year deal involves Carsome taking up 41,860 sqft of office space across 4 floors which will be designed, built and managed by Colony to house Carsome's expanded headquarters.

"We're honoured to be a trusted partner in Carsome's journey of growth. Working with them behind the scenes to build out their offices, I've been able to witness what makes them who they are," said Timothy Tiah, Executive Director of Colony.

Carsome Co-founder and Group CEO Eric Cheng said, "To keep up with our office needs and growing workforce, we've decided to extend our relationship with Colony to expand our existing headquarters. We appreciate the service and hospitality from Colony, who really helps us take good care of our team stationed here."

The expansion comes after Carsome became Malaysia's first technology unicorn after a swap-share deal with Catcha Group in 2021. In addition to this deal, Colony is also providing Carsome an option to further increase their workspace by 33% during this 6-year period.

Carsome has been one of Colony's anchor tenants in Colony @ Mutiara Damansara since 2019 and has been growing rapidly within spaces managed by Colony.

If you'd like to find out more about Colony, or make a reservation or booking, please visit their official website at https://colony.work

About Colony

Colony is a luxury coworking space and serviced office provider based in the heart of Kuala Lumpur with plans and pricing curated to eliminate hefty set-up costs, maintenance hassle, and long-term rental contracts. Raved over for its chic and Instagram-worthy interior, the company aims to enable guests to focus on their life's work and reach new heights while all else is taken care of. The company is backed by Oak Drive Ventures, Cornerstone Partners Group and family offices around the region.

Website - https://colony.work
Facebook - https://facebook.com/colony.work
Instagram - https://www.instagram.com/colony.work/

#Colony

The issuer is solely responsible for the content of this announcement.