Celebrity Life
Duplex Penthouse, Six Senses Residences, Courchevel, France
If you’re an avid fan of winter sports, set up your home away from home in one of the world’s best ski towns: Courchevel. With north-facing slopes at one end of Les Trois Vallées, Courchevel has superb skiing conditions that bring people back year after year. The highest of Courchevel’s villages, Courchevel 1850, is home... View Article
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Townhouse, The W1 London, UK
This new complex by W-One International lies right at the heart of Marylebone, with a discreet entrance on Beaumont Mews just steps from the neighborhood’s boutiques, cafes and art galleries. The development has five four-bedroom townhouses, 13 apartments and three penthouses, all housed in a former 1930s Art Deco-style building that was once BBC Radio’s... View Article
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Penthouse-B, The Shephard, New York City
Penthouse-B, The Shephard, New York City Built in 1896, The Shephard is a hallmark of the fashionable West Village’s landscape, cutting a fine figure on the corner of a quiet tree-lined street. To realize the building’s transformation, design firm Gachot Studios enhanced the historic structure’s character with upgraded infrastructure, technology and interior finishes for the... View Article
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Penthouse 74, 111 West 57th Street, New York City
Once complete, this landmark development will be one of the most talked-about places to live in the city. Reaching 1,428 ft, the new custom-cast terracotta, bronze and glass tower sits front and center on Central Park, rising up from the 1925 Beaux Arts building, Steinway Hall, where Steinway & Sons hosted the world’s most eminent... View Article
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10750 Chalon Road, Los Angeles, California
10750 Chalon Road is tucked into the lush landscape of the Santa Monica Mountains in the Bel Air neighborhood, and the surrounding trees provide complete privacy and a sense of tranquility. The 4,851-sqft, five-bedroom home makes the most of the area’s abundant greenery. Fleetwood sliding pocket doors in the living space open to lower and... View Article
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2317 Delmar Place, Fort Lauderdale, Florida
Fort Lauderdale is often dubbed the yachting capital of the world. The palm tree-lined boulevard, Las Olas, is the ideal base for yacht owners, with properties boasting deep-water docks for accommodating private vessels of varying sizes. The British West Indies-style home at 2317 Delmar Place sits on a 12,500-sq-ft lot of this desirable stretch with... View Article
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ATLASPACE Presents: CEO Ron Chen on Making the Grade
When Ron Chen graduated from the University of York’s Law and Management School in Britain, it was never his intention to co-found a HK$6.8 billion start-up. But fast forward several years and now, as CEO of ATLASPACE, Chen is currently overseeing 25 projects with a total of 2.3 million square feet of office space around this region.
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Ron Chen, CEO of ATLASPACE[/caption]
Previously, Chen had worked in Morgan Stanley’s investment-banking division, where he participated in several successful capital-market transactions. The biggest takeaway from that experience? “There’s no room for mistakes,” he says, “because when you’re dealing with billions of dollars, a 1 percent error in calculations can result in millions of losses, so there’s zero room for error.”
Chen attributes his attention to detail and unwavering work ethic to his on-the-job training at Morgan Stanley. His experience with funding, financial modelling and learning how to gain an investor’s trust also helped him grow ATLASPACE from mere start-up to near-unicorn status.
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An office setting in Hong Kong.[/caption]
Chen and three friends founded ATLASPACE in a small office space on Hong Kong Island in 2016. “When we started the company, we wanted to be involved in something in the real-estate industry, and that’s why we went to Korea, Thailand and Singapore, to see all the different businesses. When we travelled to Guangzhou and other major Chinese cities, we observed lots of commercial construction.”
After putting their observations together with third-party data, the team could clearly see there was an excess of office space across the border. What Chen and his team wanted to know was, “Who’s going to digest this space – or, will the demand meet the supply?” Through further research they learned that the Grade A office model hasn’t changed for the past three decades, offering only two services: leasing and property management. And this is where ATLASPACE found an opportunity to capture value in the market. “Basically, the landlord offers the tenant security and cleaning ladies, and that’s it,” Chen says. To harness the explosion in supply on the market and to create value for his customers, he knew he needed to create a win-win scenario.
“We asked ourselves, if we can change the entire office-operating business model to mirror that of the hotel-management model, will it work?” This became the question that drove ATLASPACE to achieve success in the market.
Designing a Grade A office model that’s inspired by a hotel model allows ATLASPACE to attract SMEs, start-ups and lower-budget companies. Lower-budget companies have historically avoided Grade A offices due to high investment costs, but ATLASPACE set out to change that.
“If you’re a low-budget hotel customer and sharing a room with someone else, what will you do? You’ll share a twin room. But if you have a larger budget, you’ll upgrade and stay in a junior or deluxe suite. Or maybe even a presidential suite. Hotels offer a wide range of products and services.”
What ATLASPACE does is offer a co-working space that’s similar in price to a hotel twin room, which attracts entrepreneurs and start-ups, while providing tailor-made premium private offices by request for SMEs and large enterprises.
Whether they’re occupying a co-working space or private offices, all tenants are able to enjoy concierge services provided by a Guest Experience Team that’s based on those found at five-star hotels.
Moreover, whereas most people would only enter a Grade A office building if they worked or had meetings there, ATLASPACE now offers a one- stop shop to capitalise on the density of consumers in such a building.
The company has developed several ATLASPACE-branded businesses, including a fitness centre, coffee shop, bakery, canteen, brewery, spa and art studio, which is innovative in a sector that generally limits its offering to private offices and co-working space without other facilities and services.
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Atlas Fitness[/caption]
Chen walks us through a typical day of one
of its Grade A office clients. “At 8.30, when you enter the building you stop at ATLAS Coffee for a cappuccino then go to work. At lunchtime, you can go to ATLAS Kitchen for casual dining, or to ATLAS Fitness to work out without leaving the building. In the evening, you can go to ATLAS Wine or ATLAS Sports (a golf-simulator studio) to have a more casual business meeting to close the deals. Alternatively, you can go to ATLAS Spa or ATLAS (Art) Studio to refresh your mind and end your wonderful day.”
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Atlas Coffee[/caption]
ATLASPACE, which opened its first centre at Guangzhou Agile Centre three years ago, has now expanded to 20 centres in Greater China, covering the main central business districts in Beijing, Shanghai, Guangzhou, Shenzhen, Hangzhou and Xi’An. Last year, the team decided to open the Hong Kong centre at Harbour City in Tsim Sha Tsui with a total of 50,000 square feet under the name ATLASPACE.
“Hong Kong is our hometown and ATLASPACE is a Hong Kong-based company,” says Chen. “Also we saw the Greater Bay Area opportunities. With strong footprints and connections across Shenzhen, Guangzhou and Hong Kong, we picked a location that’s closest to the high-speed railway station in Hong Kong. Within the first three months, our 60 percent occupancy proved we’d made the right decision.”
ATLASPACE is now offering its clients a new service: Headquarters by ATLASPACE. From location selection and interior design to construction and property management, ATLASPACE has a dedicated team to manage the project from the first step.
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A meeting room in Shenzhen[/caption]
“You know how frustrating and time-consuming it is to find the right office space and manage the interior design of the site?” asks Chen. “ATLASPACE has strong connections with property owners and we have a team of architects, project managers and property-management consultants. Also, we have partnership and investment in world-leading furniture and office-facilities companies. Our service will assist the company to save time and money by moving into its new office on schedule, so it can focus on business expansion instead of worrying about procurement, design, constructions, etc.”
When asked about his goal for ATLASPACE, Chen says it’s to manage the entire building, from co-developing the projects to property management, in order to achieve a win-win situation with property developers.
“With our experience and expertise in managing the current 25 projects in the region,” he says, “ATLASPACE is a strategic partner for SMEs and MNCs to find, build and manage their offices, and for property developers to add value to their buildings, which would differentiate them from other Grade A offices nearby,” Chen says.
“We don’t intend to dig wide, but to dig deep, to offer different ranges of products to change the traditional Grade A office infrastructure.”
Learn more at atlaspace.com.hk.
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Tips for Selecting a Granny Flat
Do you need more room in your house but don’t want to put up with a renovation or construction? If you have an adult child or parents who need to move in with you, privacy and suitable space can be an issue in a cramped house. Putting up a granny flat can be a good […]
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When a $32 Million Modern Los Angeles ‘Upside Down House’ Meets Nature
This is what $32,000,000 property looks like in Los Angeles, designed by Noah Walker and surrounded by 100 over oak trees
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Why Thai property giant Sansiri’s CEO Apichart Chutrakul is diversifying the company with multiple collaborations
Projects in the pipeline include a Monocle by Sansiri residence in Bangkok and 15 new Standard hotels around the world.
The post Why Thai property giant Sansiri’s CEO Apichart Chutrakul is diversifying the company with multiple collaborations appeared first on The Peak Magazine.
Why Thai property giant Sansiri’s CEO Apichart Chutrakul is diversifying the company with multiple collaborations
Projects in the pipeline include a Monocle by Sansiri residence in Bangkok and 15 new Standard hotels around the world.
For more stories like this, visit www.thepeakmagazine.com.sg.
50 cent’s $10 million dollar home just sold for $3 million – reminder why one shouldn’t overdo questionable renovations
Here’s why the ‘Candy Shop’ rapper, 50 Cent sold his 50,000 square feet home for $2.9 million, a major loss after 12 long years on the market
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