TWP is an indirect wholly-owned subsidiary of CapitaLand Group. The term of the project management agreement is for a period of 3.5 months, while the initial term of the management service agreement is for a period of five years.
TWP manages 350,000 square feet of space across 10 co-working spaces, and is involved in project management across Singapore, Hong Kong, Melbourne, London, Sydney, Perth and Brisbane.
Units in CLAR closed 2 cents higher or 0.727% up at $2.77 on Sept 5.
