Colony to Invest RM4.5 Million in Luxurious New Centre at KL Sentral

KUALA LUMPUR, MALAYSIA - Media OutReach - 28 June 2018 - Luxurious serviced office and co-working space provider Colony revealed today that the company is set to open its 3rd location in Malaysia at KL Sentral by the end of the year.

Colony's new KL Sentral location at Q Sentral will have MSC Status and accommodate over 200 guests in private offices and fixed desks. The Company has been known to invest heavily into luxurious fittings for its workspaces and has committed a RM4.5 million investment on this new location.

KL Sentral is known for being Malaysia's largest rail transportation hub, offering connectivity and effortlessly integrating commercial, industrial, urban and suburban residential areas. As KL Sentral develops dynamically with the surplus of residents and day-to-day visiting tourists, it has become a coveted international business address.

"People used to ask me where the next Colony would be. The answer to that is really easy. Colony will be present in all the prime locations in each city we're in. Our first location was in KLCC area, the second in KL Eco City and now the third one in KL Sentral", said Colony Founder Timothy Tiah.

Since its inception a year ago, Colony has flourished in its prime KL city centre location, accomplishing successful growth and raking in impressive profits. In April, the one year old company sold a stake to Cornerstone Partners at a RM64-80 million valuation and in May announced it's largest coworking anchor tenant for its KL Eco City location that will bring in RM5.6 million in revenues.

 "We are excited to add our presence to the vibrant KL Sentral scene. With our established branch in KLCC and soon-to-be open division in KL Eco City, KL Sentral is a prime location that we just could not ignore. We can't wait to introduce Colony's brand as well as our excellent range of workspace solutions and signature hospitality to people who may be interested in setting up an office or working in KL Sentral." -- Nitaya Pirinyuang, General Manager of Colony.


About Colony


Backed by Oak Drive Ventures, Cornerstone Partners and family offices in the region, Colony is a lavish serviced office and co-working space founded in July 2017 whose unique workplace and amenities such as massage rooms, nap rooms, Espressolab coffee and swimming pool access have attracted the likes of Maybank, Dell, and Google among a multitude of clients.

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

Colony Space CBD Sdn Bhd




28 Jun 2018

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