Paramount Coworking Sdn. Bhd. is one of the pioneers of the flexible workspace solutions business in Malaysia and has established itself as one of the top three industry leaders.
Co-labs Coworking is a brand for coworking – also known as flexible workspaces. It started as an extension of a multi-million-ringgit property development business. As a subsidiary of Bursa Malaysia Securities-listed Paramount Corporation Berhad that has property development as a core business, Paramount Coworking has access to experts in the design and building of spaces, including working spaces.
Paramount Deputy Group CEO and Director of Co-labs Coworking Benjamin Teo said, “The idea of setting up coworking spaces came about when I stumbled upon a coworking space in Australia back in 2015. The idea intrigued me and what drew me in was the sense of community. Individuals from diverse backgrounds engaged in conversations, and ideas are constantly generated. I was excited at the potential of coworking as a business in Malaysia and brought the concept here.”
Co-labs Coworking started as a prototype at Paramount’s development, Utropolis Glenmarie in Shah Alam. Over and beyond hardware (design, lighting, and amenities), there is the warm team of community managers who plan activities around professional connection, growth, and wellness among members that is uniquely Co-labs Coworking.
Co-labs Coworking has expanded to seven spaces at strategic locations in the Klang Valley as of mid-2024, with an impressive 167,000 sq ft., serving entrepreneurs, SMEs, and corporates.
“Co-labs Coworking offers options for different work and workspace needs. Freelancers may just need a hot desk or a fixed desk. Bigger teams may opt for rooms that are flexible enough to allow them to scale up or down. When a business needs space for more than 30 people, our team will sit down with the prospect to discuss their requirements and design the space accordingly.
“We have our monthly community events that our members look forward to. These events are aimed at professional networking as well as health and wellness. It helps improve employee wellness which helps employee retention for our tenants,” said Teo.
Paramount Coworking also offers, through its other business arm – Scalable Malaysia – a service for real estate/ location sourcing, creative interior design, and management. Its clientele ranges from businesses in sectors including property development, oil and gas and technology.
Paramount Coworking looks forward building more connections and communities.
