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Wednesday, December 19, 2007

Kuala Lumpur City Corp’s Nomad to spend RM20mil on expansion

KUALA LUMPUR: Kuala Lumpur City Corporation Bhd’s wholly-owned subsidiary, Nomad Space Sdn Bhd, will spend about RM20mil on its expansion plan locally and regionally next year.

The business space outsourcing company has targeted to open eight to 10 service office centres in seven countries by the third quarter of next year, general manager of operations, Joan Lim-Choong said yesterday.

“By the first quarter, we will have four more centres in Kuala Lumpur and another two centres in Singapore while in the second quarter we will expand to Jakarta, Manila and Bangkok and by the third quarter, to Vietnam, Australia and even Shanghai,” she said.

Lim-Choong said Nomad Space’s parent company had earlier acquired a serviced office operator in Singapore as part of the plan to become a regional player.

Kuala Lumpur City is the first local public-listed company to manage serviced offices and offer business support solutions to international business travellers, multinational corporations and local enterprises.

Speaking at a media preview on its first office suites in the city centre here, Lim-Choong said the needs of today’s business professionals were speed, connectivity and flexibility.

“That is why we have come up with this concept with the right setting, environment and support services for the global nomads and small and medium entrepreneurs,” she said.

Lim-Choong said the company was seeing rapid growth for business space outsourcing in the Asia Pacific region.

This, according to her, was due to an increasing number of organisations looking to manage their business risks more effectively, maximise financial resources and increase flexibility.

Nomad Space occupies 13,259 square feet comprising office suites, meeting rooms, business lounge, virtual office and cafe.

Its support services include administration business support, translation services, video conferencing system, high-speed colour copier, printer, scanner, fax, communication system and broadband access.

By Bernama

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