HongKong:1023486Z

The Executive Centre Announces Record Revenue in FY2023 Annual Results

Retrieved on: 
Thursday, April 18, 2024
Investment, TEC, City, Yoy, Environment, Diving, Workforce, Growth

In terms of adjusted EBITDA, TEC witnessed a healthy YoY increase of 12%, reaching USD 56 million.

Key Points: 
  • In terms of adjusted EBITDA, TEC witnessed a healthy YoY increase of 12%, reaching USD 56 million.
  • Greater China, with South Asia and the Middle East collectively, were also the most significant contributors at 37% and 34% respectively.
  • Diving into data on revenue by service, TEC's insights revealed an uptrend in the use of physical meeting and event spaces.
  • With its strong financial results and a proven business model, The Executive Centre is poised to maintain its leadership in the premium workspace sector as it celebrates 30 years of excellence this year.

The Executive Centre Unveils its Newest Centre at JP Tower in Tokyo, Japan

Retrieved on: 
Wednesday, March 20, 2024
Environment, Tokyo Station, TEC, Marunouchi, JP Tower, City, Heart, Safety, Imperial palace, Privacy, Hotel

The JP Tower Centre marks a significant milestone as TEC's tenth establishment within the vibrant landscape of Tokyo and Yokohama.

Key Points: 
  • The JP Tower Centre marks a significant milestone as TEC's tenth establishment within the vibrant landscape of Tokyo and Yokohama.
  • Moreover, the JP Tower Centre boasts well-designed meeting rooms, including a spacious boardroom that comfortably accommodates up to 14 people.
  • "We are delighted to open our newest centre at JP Tower in Tokyo," said Hiroteru Nin, Country Director of Japan at The Executive Centre.
  • The opening of the JP Tower Centre reinforces The Executive Centre's position as the leading provider of premium flexible workspace solutions in Asia.

Flex is not dead: Why WeWork's collapse won't spell the end of the industry

Retrieved on: 
Thursday, February 22, 2024
TEC, Necessity and sufficiency, WeWork, Multinational corporation, Culture, IPO, Bankruptcy, City, CBD

This expansion was driven more by the desire for quick scaling rather than actual market demand.

Key Points: 
  • This expansion was driven more by the desire for quick scaling rather than actual market demand.
  • Its leadership faced criticism for opaque decision-making and misallocation of funds, leading to a loss of investor trust and market confidence.
  • The company's failed IPO in 2019 marked a turning point, shedding light on its overvaluation and questionable governance practices.
  • The flexible workspace industry shows significant long-term potential, and operators with strong foothold in the sector, such as The Executive Centre, will only grow stronger.

Southeast Asia a Bright Spot in the Global Flexible Office Market in 2023 with TEC Centres in the Region Exhibiting Average Occupancy Rates of Over 90%

Retrieved on: 
Sunday, November 26, 2023
CBRE, Leed, Executive, Restaurant, City, MRT, PCP, TEC, Heart, Platinum, Singapore Land Tower, Raffles Place, Pacific Century Place Marunouchi, Garden, Capital Square, Sudirman Central Business District, LEED, Hotel

These new openings are backed by consistently high demand and occupancy rates of over 90% across multiple markets in the region in 2023.

Key Points: 
  • These new openings are backed by consistently high demand and occupancy rates of over 90% across multiple markets in the region in 2023.
  • With these new expansions, TEC has added almost 1,200 workstations across these four key Southeast Asian markets in 2023, representing a 33% increase in workstation growth.
  • The Executive Centre at Singapore Land Tower provides a flexible workspace solution in the heart of Singapore's central business district.
  • Companies from industries such as IT, financial services, real estate, manufacturing and legal can be found in Ayala Triangle Gardens.