HONG KONG, CHINA - Media OutReach - October 5, 2018 - R ONE Space (Royal One Co-working Space Company Limited), a ground-breaking co-working space brand in Hong Kong, officially opened its first office space in Causeway Bay. With the iconic Victoria Harbour as its backdrop, the centre aims to attract international companies that are opening branches or temporary project teams in Hong Kong. R ONE Space targets start-ups in new technology or creative media sectors, with freeman seat's monthly rent starting from HKD5,500 or chamber office from HKD9,000 per seat. The brand plans to expand its network to 4 offices in Hong Kong by the end of 2018, to provide a more comprehensive option to the co-working space scene. Mr. Chan Yan Tak, R ONE Space Founder & Chairman, and the renowned actor Mr. Miu Kiu Wai Michael officiated the Opening Ceremony today. Mr. Chan also holds the positions of Chairman and CEO of Shunten International (Holdings) Limited (HKEx: 932, formerly known as RM Group Holdings Limited).
The Causeway Bay centre takes up a gross floor area of approximately 16,000 sq. ft. and currently offers up to 210 seats. The space comes with 32 chamber offices, which can be divided and repurposed according to customers' requirement, with flexible lease period as short as 1 month. Conveniently located in the heart of Causeway Bay with a stunning view, the centre also offers a corporate event venue that rivals hotel event spaces, which has a capacity of over 100 people and is a great tool to enhance tenants' brand image.
The brand's second co-working space, located in Kwun Tong, will soon open its doors in November. The three-storey shared space aims to provide a one-stop creative technology platform for young entrepreneurs. With a gross floor area of approximately 26,000 sq. ft., the Kwun Tong centre is expected to provide 94 chamber offices or 470 seats. To echo its theme as a creative hub, the centre will be equipped with a 3D printer to enhance creativity and aid tenants in design, jewelry and engineering industries.
R ONE Space provides "butler services" for its tenants, including professional assistance such as accounting service, legal advice and advertising strategies. On site consultants will provide professional and complimentary assistance to tenants to help resolve their questions on business. In addition, R ONE Space has set up an angel fund designed to invest in innovative ideas and cutting-edge technologies. It also plans to collaborate with universities to organize entrepreneurial competitions and provide a practical venue to nurture young entrepreneurs, hence help promote the development of innovative technologies in Hong Kong.
Mr. Chan Yan Tak, R ONE Space Founder & Chairman, said "The number of start-ups and local branches of international enterprises in Hong Kong is increasing every year, which results in a strong demand for quality and flexible office spaces. The presence of co-working spaces not only reduces the threshold of office set-up, but also provides diversified value-added services. The co-working space market is believed to grow steadily in the long term. In stage 1 of our expansion plan, the investment amount is at least HKD200 million, and the rental rate is targeted to reach 50% in the first three months. As long as the brand gets mature, it would enter mainland market in stage 2."
About R ONE Space
R ONE Space is a ground-breaking co-working space brand in Hong Kong. The Group's first two centres, located in Causeway Bay and Kwun Tong -- two of the major Grade-A office districts, opened their doors in Oct 2018. The Group aims to provide "butler services" for its tenants, including professional assistance such as accounting service, legal advice and advertising strategies, with a reciprocal ecosystem and shared business opportunities. The Group plans to expand its network to 4 offices in Hong Kong by the end of 2018, to provide a more comprehensive option to the co-working space scene.
With the iconic Victoria Harbour as its backdrop, R ONE Space in Causeway Bay offers a corporate event venue that rivals hotel event spaces. The venue has a capacity of over 100 people and is a great tool to enhance tenants' brand image. R ONE Space in Kwun Tong, located in the creative and cultural hub in East Kowloon, provides a one-stop creative technology platform for young entrepreneurs.