{"id":29502,"date":"2023-01-16T03:30:00","date_gmt":"2023-01-16T03:30:00","guid":{"rendered":"https:\/\/eodishasamachar.com\/en\/2023\/01\/16\/5x-capital-acquires-stake-in-colony-coworking-space-to-capitalise-on-booming-flexible-workspace-market\/"},"modified":"2023-01-16T03:30:00","modified_gmt":"2023-01-16T03:30:00","slug":"5x-capital-acquires-stake-in-colony-coworking-space-to-capitalise-on-booming-flexible-workspace-market","status":"publish","type":"post","link":"https:\/\/eodishasamachar.com\/en\/2023\/01\/16\/5x-capital-acquires-stake-in-colony-coworking-space-to-capitalise-on-booming-flexible-workspace-market\/","title":{"rendered":"5X Capital acquires stake in Colony Coworking Space to capitalise on booming flexible workspace market"},"content":{"rendered":"<p> \n<\/p>\n<div lang=\"en\">\n<p>        KUALA LUMPUR, MALAYSIA &#8211;<br \/>\n<a href=\"https:\/\/www.media-outreach.com\" rel=\"sponsored\">Media OutReach<\/a> &#8211; 16 January 2023 &#8211; 5X Capital, a private equity fund with a diverse portfolio of companies including BFM Radio and Vida has acquired a stake in Colony Coworking Space.<\/p>\n<p>Colony Coworking Space, which currently operates 12 locations in Kuala Lumpur between its namesake brand and its mass-market brand Jerry, has a total footprint of 170,000 square feet in Kuala Lumpur. The group&#8217;s revenue grew 74% in 2022 and EBITDA grew by 265% year-on-year to an all-time high.\n<\/p>\n<p>With this strategic investment, 5X Capital is looking to capitalise on the growing Flexible Workspace Market in Malaysia by investing in one of the largest Coworking operators in the country.\n<\/p>\n<p>&#8220;We feel privileged to be invested into Colony, a team whose offering we love, has great execution and business acumen. This is an incredible opportunity and we will meaningfully support them for greater growth,&#8221; said a representative of 5X Capital. &#8220;Their success in being one of the few profitable coworking operators in the industry is a testament to the company&#8217;s strong brand and execution&#8221;.\n<\/p>\n<p>&#8220;Colony has always been about sustainable growth: Growing while maintaining a minimum of being EBITDA neutral so we don&#8217;t burn cash. With that we find 5X Capital as partners that are aligned with our goal of sustainable growth,&#8221; said Timothy Tiah, CEO of Colony Coworking Space. &#8220;Their experience and resources will be invaluable as we continue to expand and meet the growing demand for coworking spaces in the region.&#8221;\n<\/p>\n<p>Colony earlier this month also announced a new deal with property developer Sunsuria Berhad to open a new Colony in Sunsuria Forum at Setia Alam.<br \/>\n<\/p>\n<p><b>Hashtag: <\/b>#Colony<\/p>\n<p>\n            <em>The issuer is solely responsible for the content of this announcement.<\/em>\n        <\/p>\n<\/p><\/div>\n\n<br \/><a href=\"https:\/\/www.media-outreach.com\/news\/malaysia\/2023\/01\/16\/192985\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>KUALA LUMPUR, MALAYSIA &#8211; Media OutReach &#8211; 16 January 2023 &#8211; 5X Capital, a private equity fund with a diverse portfolio of companies including BFM Radio and Vida has acquired a stake in Colony Coworking Space. Colony Coworking Space, which currently operates 12 locations in Kuala Lumpur between its namesake brand and its mass-market brand &hellip;<\/p>\n","protected":false},"author":1,"featured_media":29503,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/29502"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=29502"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/29502\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/29503"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=29502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=29502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=29502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}