4 Aug 2021
Winning Connections: Shopee
Workspaces Designed for Growth and Collaboration
Winning connections are forged when you team up with the right partner. Going beyond the role of an ordinary landlord, here’s how CapitaLand supports tenants like e-commerce giant Shopee in advancing their business goals.
Unveiling Shopee's New Regional Headquarters
From its humble startup in Murray Street, the fast-evolving Shopee (headquartered under Sea Group) tapped on CapitaLand's extensive network and expanded seamlessly into multiple locations to support its rapid growth in Singapore amidst disruptions brought about by the Covid-19 pandemic.
Take a peek at their spanking six-storey regional headquarters at the Singapore Science Park and see how they have transformed their new space, which can house up to 3,000 employees, into a connected workspace purpose-built for community and collaboration.
Leveraging CapitaLand’s Core-Flex Solutions
Along with Sea’s evolution to a global consumer internet company, it has continued to grow its team to better serve the needs of users and businesses transitioning to the digital economy. This has led to challenges in housing new hires.
Shopee outgrew its building due to its growing headcount and the additional space required for safe distancing measures.
While waiting for its regional headquarters at Singapore Science Park to be completed, Shopee opted to lease space at Ascent, which soon reached capacity as the company continued to expand rapidly.
Instead of committing to any new leases during the transition period, Sea approached CapitaLand for a flexible option that would meet its needs.
Under an initiative that integrates conventional office space (core) and flexible space (flex), Sea was able to take up 250 seats at Bridge+, CapitaLand’s flexible workspace offering at Ascent.
In September 2019, Shopee moved out of Bridge+ when it shifted into its new home spanning 244,000 sq ft, which could house up to 3,000 employees. By the end of 2020, more room was needed as the business continued to grow rapidly while additional space was required due to safe distancing measures for returning employees. Hence Shopee decided to take up some seats at Bridge+.
"Sea's rapid growth makes it challenging for them to predict headcount in the short term. With CapitaLand's breadth and depth of asset classes, and our thorough understanding of Sea's business and operations, we can respond to and accommodate their requirements quickly," said Corrine Toh, Head, Leasing & Enterprise Solutions, CapitaLand Singapore. "The space solutions we’ve provided for Sea will help them to cater to their current needs while giving them enough time to plan for the longer term."
Growing With The Business
As Sea’s business continues to grow, the team is expected to expand further too.
"This will necessitate having an easily scalable space which offers us the flexibility to exact our operational needs, as well as deliver an environment which fosters collaboration and innovation among our teams," said Huang Qunyi, Vice President, Corporate Real Estate, Sea.
While Sea plans for a more permanent solution, CapitaLand’s core-flex ecosystem provides the tech giant with an interim space that it can utilise to make new hires feel comfortable and part of the bigger community.
The flex space at Bridge+ enables Shopee to provide a sense of belonging for new hires.
And with a flex space solution, Sea does not have to worry about renovations or getting the infrastructure ready. Bridge+ takes care of the hardware and employees can start work straightaway. To ensure employees at the flex space receive the same benefits as those in the Shopee building, Sea put in a display fridge at Bridge+ so staff can get their free beverages.
"CapitaLand has been a great partner for Sea as we’ve grown over the years. Like us, they understand that space is more than just developing a physical work environment, rather a concept to be defined and refined over time as a business grows."
-Huang Qunyi, Vice President, Corporate Real Estate, Sea
The core-flex solution caters to Shopee’s current needs while giving them time to plan for the longer term.
"Having this understanding has allowed us to reimagine and improve our business space solutions as our business evolves with market demand. We look forward to growing this partnership for many more years to come," added Huang.
|About Sea||Sea is a global consumer internet company founded and headquartered in Singapore, and listed on the New York Stock Exchange. It operates three core businesses across digital entertainment, e-commerce, and digital financial services, known as Garena, Shopee and SeaMoney respectively. Sea aims to better the lives of consumers and small businesses through technology.|
|Office Space in Singapore||
Shopee & Seamoney
Garena & Shopee
Looking for that winning connection? Get in touch with Bridge+ by CapitaLand.