Bar Works appoints Singapore's Duxton Partners for Asia expansion
Following recent success since in New York and San Francisco since its launch in 2015, Bar Works is moving into the Asian market. Bar Works, which offers premium co-working spaces in city centres, has chosen Duxton Partners of Singapore as its exclusive strategic partner for its market entry. In partnership with Duxton, Bar Works is planning to expand into Jakarta, Bangkok and Kuala Lumpur.

Singapore has Bar Works Investment at Duxton Partners Bar Works prime locations gives coworking office high profile The home of Bar Works Coworking Investment Opportunity

Industry Celebrates Innovation in Commercial Real Estate; Demand outstrips supply attracting individual and institutional capital as performance exceeds REITS

This company, born in New York City, headquartered in the USA, is British run and has become the supermodel of the coworking catwalk — Brian Cohen

SINGAPORE, SINGAPORE, SINGAPORE, June 29, 2016 / EINPresswire.com / --Central Business District, Singapore, June 28, 2016 – BarWorks Inc., the British owned, U.S. headquartered international coworking office space developer has appointed Duxton Partners of Singapore as their exclusive strategic partner for their major launch throughout Asia. Differing from the current spate of coworking office space developers, Bar Works takes prime position restaurant and bar premises in the busiest of CBDs around the world creating the most high profile presence in this fast growing commercial property sector.Coworking space is a 21st century derivative product from the “serviced office” which has been around since 1989.The main player since then has been Regus who have grown to a substantial size of 3000 business centers in 900 cities in over 120 countries.The term coworking was coined first by Brian DeKoven as a coordinated method that would allow collaboration in work and business.Since 2005, it has grown leaps and bounds with pockets of coworking space starting up in almost every city from as far afield as San Francisco to Barcelona.It served to boost the institutional financiers’ interest in a lucrative sector of commercial real estate whereby the returns per square meter reached phenomenal levels, making tremendous profits for the landlords who had the foresight to create these “community offices”. It hadn’t really changed much in perception terms since the early days except that the previous “serviced office space” became a serviced workstation.That was until 2010 when WeWork launched themselves on the unsuspecting market, taking the whole community feel to a far higher level and that led to them (WeWork) growing from a 2014 valuation of $5billion to a 2016 today valuation of $16billion. They achieved this without owning a single property, all leased and subleased so lacking the standard security for which timid investors would search, replacing such timidity with an ambitious greed and excellent profits.In September 2015, Bar Works was launched. This company, born in New York City, headquartered in the USA, is British run and has become the supermodel of the coworking catwalk.Unlike the WeWork model upon which it was based, Bar Works sought out prime premises with street frontage that had previously been used as restaurants and bars.Bar Works presented tri-fold extra bonuses to the coworking business.Instead of being a select floor hidden within a tower block, the BarWorks facilities are prominent beyond belief. Ground floor locations, easily found by tenants and their clients, are converted into trendy workspace with vibe.With great locations and unrivaled addresses in New York and most recently in San Francisco, tenants have prime real estate addresses that simply ooze success, class, and fashion.The second part of the coworking upgrade that Bar Works brought to the market was to overcome the reluctance of some to use serviced offices. The main issue that startup entrepreneurs and solopreneurs had in the past was that whilst the serviced spaces would appear very affordable on first inspection (e.g. $700/month), the monthly bill was always considerably higher, sometimes as much as 50% more, as the facilities management would charge for every telephone call, photocopy, coffee, fax, scan, and cold drink consumed by the tenant. That deterred many as the last thing that these startup go-getters wanted was to worry themselves as to how much coffee they or their staff drank each day, or how many photocopies they made.Bar Works solved that by bringing to market an ALL-INCLUSIVE totally transparent pricing policy that was inclusive of all extras. The market reaction was and has been incredible. They had successfully overcome the number one objection to serviced offices, the hidden costs and hidden profit centers applied by the workspace operators. The word got out and the demand for Bar Works is insatiable.The third musketeer in the Bar Works armory is probably the most exciting of all. To facilitate the growth of Bar Works to 50 premises over the next 5 years, instead of choosing institutional finance, which would have meant giving up more than half of the company as well as its freedom to remain as the trend setter of coworking space, Bar Works developed a business model that has simply blown away the cobwebs of commercial property investment. As an existing business with already three centers operational, a fourth about to be opened, and a fifth, a freehold just purchased in the financial district of San Francisco, Bar Works have leased 30% of all the workstations in each venue to investors, on a 2-10 year lease and leaseback agreement. Bar Works controls and manages all the workstations, providing a hassle free investment and whereby each investor receives a fixed monthly return of 14% pa, regardless if the particular workstation is rented or not. Leases currently cost between $25000 - $40,000 each.This has brought tremendous interest from the alternative investment market, and there are already owners of these leases from around the world already enjoying their monthly returns. These monthly payments are paid from Month 1 and continue to be paid for the duration of the lease or until the Developer Buy Back option is actioned, expected in year 3-4, whereupon Bar Works will buy back the leases for 125% of the sum invested. That is an uplift in addition to the annual returns.Bar Works has already secured other prime sites in other cities of the USA, as well as in the UK. They are also looking at Singapore as part of their expansion into South East Asia, as well as Jakarta, Kuala Lumpur and Bangkok.For a full presentation and documentation on this very exciting opportunity, contact Duxton Partners (visit www.duxtonpartners.com ). They are open Monday to Friday from 10am-6pm. To schedule an appointment, email tellmemore@duxtonpartners.com or telephone +65 6812 7840.