Last July 2018, real estate developer PHINMA Properties and coworking brand Acceler8 announced that they would be opening a coworking space in Rockwell, Makati in the fourth quarter of 2018.
During the signing of the memorandum of agreement between the involved parties, PHINMA Properties President and CEO Julian V. Concepcion, SVP and COO Raphael B. Felix, Project Director Enrique Moran, and Treasurer Mike Hilado as well as co-founders of Acceler8 Mikko Barranda and Carlo Coronel were all one in saying that the goal of this partnership is to be a major player in the shared economy coworking industry in the Philippines.
Barranda expressed his excitement with the partnership, “coworking as a concept is relatively new to Asia, but we have been one of the first companies to hinge on the fast-growing business of flexible office spaces. We provide business solutions such as serviced office suites, coworking seats, virtual office plans, meeting rooms, spaces to hold events, and much more. We are excited to work and learn form one of the top developers in the country Phinma Properties and see how we can grow the industry together.”
The coworking space will be located at the 5th floor of the PHINMA Plaza along Hidalgo drive. “We understand that employees need spaces and connections to empower them to collaborate and innovate. We believe that flexible office spaces are a response to the changes in market demand around shifts of how people live and work,” Concepcion noted.
This is just one of the UnionSPACE centers of Acceler8 in Southeast Asia. The advantage of becoming a member of Acceler8 by UnionSPACE is that they have passport access to centers in countries like Indonesia, Malaysia, and Thailand. As for their future “we are looking also to do hybrid models of both co-working and co-living concepts in Metro Manila,” Barranda further shared.
PHINMA Properties on the other hand, plan to open two more facilities in the next three years with their partners. In addition to this, they plan to look into other opportunities in the real estate shared economy business.