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Tobias Bartz becomes the new CEO and Chairman of the Management Board of the Rhenus Group

SINGAPORE – Media OutReach – 15 March 2022 – Tobias Bartz will take over the position of CEO and Chairman of the Management Board of the Rhenus Group on 1 April 2022. He will succeed Klemens Rethmann, who will then concentrate on his tasks on the Executive Board of RETHMANN SE.

The Supervisory Board of Rhenus SE & Co. KG is appointing Tobias Bartz as CEO and Chairman of the Management Board with effect from 1 April 2022. Klemens Rethmann, who was born in 1965, is handing over this position, which he has held since 2008, on 31 March 2022. “We’re settling the issue of succession at an early stage in order to continue the positive developments at Rhenus. We have complete confidence that Tobias Bartz will achieve this. He has a wealth of international experience, first-class networks and is the best choice to lead Rhenus into a good future,” says Dr Marco Schröter, the Chairman of the Supervisory Board of Rhenus SE & Co. KG. Klemens Rethmann, who will concentrate on his tasks on the Executive Board of RETHMANN SE in future, comments, “Tobias and I have worked very closely and successfully together since my early days in the Rhenus Group. In all these years, we’ve achieved a great deal together with all the members of the Rhenus family. We respect and trust each other and I’m therefore proud to be able to name him as my successor.”

Tobias Bartz, who was born in 1977, began his professional career as a management trainee at Rhenus in 2005. He has provided evidence of his leadership skills in various international settings within the Rhenus Group since that time. Among other things, he was responsible for the Rhenus Road Freight business in France and Spain. He was appointed a member of the Rhenus Management Board in 2015 and masterminded the growth of the Air & Ocean division from Singapore for three years, before he returned to Germany in 2018. He will retain his management position within this division alongside his appointment as CEO and Chairman of the Management Board of the Rhenus Group. Tobias Bartz already has a clear objective in mind. “We will strongly focus on further growth as well as green and digital transformation for the Rhenus Group during the next few years too. We’ll continue to expand our global network during this time.”

About Rhenus

The Rhenus Group is one of the leading logistics specialists with global business operations and annual turnover amounting to EUR 7.0 billion. 37,500 employees work at 970 business sites and develop innovative solutions along the complete supply chain. Whether providing transport, warehousing, customs clearance or value-added services, the family-owned business pools its operations in various business units where the needs of customers are the major focus at all times.

#Rhenus

The issuer is solely responsible for the content of this announcement.

Hundreds Of Civil Society Organisations And World Leaders Demand An End To Toxic Mercurycontaining Lighting

London, United Kingdom – News Direct – 15 March 2022 – Today, more than 200 civil society organisations – including Climate Action Network, the Clean Lighting Coalition, European Environmental Bureau and South Africa Climate Change Coalition – have sent an open letter to Rosa Vivien Ratnawati, President of the United Nations Minamata Convention on Mercury COP4 demanding the end to exemptions for toxic mercury-containing fluorescent lighting products.

The organisations are calling for a global phase-out of mercury containing fluorescent light products by 2025, in line with a proposed amendment submitted by the African region to the Minamata Convention on Mercury.

As lighting markets in wealthy countries shift to clean LED lighting, less-regulated markets may experience “environmental dumping” of old fluorescent technologies. Many countries in the global North have passed or are considering policies that will ban the sale of mercury-laden, inefficient lighting products in their domestic markets, however they would still allow domestic manufacture and export to less developed and emerging markets.

The import of fluorescents puts the public and environmental health of those countries at unnecessary risk. The proposed amendment by the African region would ensure a global phase-out of fluorescent lighting, eliminating fluorescent lighting at the source by ending the manufacture, export and import of mercury-based lighting products.

The cumulative (2025-2050) global benefits of the African Lighting Amendment would be significant:

  • Eliminate 232 tonnes of mercury pollution from the environment, both from the light bulbs themselves and from avoided mercury emissions from coal-fired power plants;
  • Reduce global electricity use by 3%;
  • Avoid 3.5 gigatonnes of CO2 emissions cumulatively between 2025-2050; equivalent to removing all passenger cars globally from the road for a whole year; and
  • Save US$1 trillion on electricity bills

Despite significant progress to reduce mercury, the Minamata Convention includes special exemptions for mercury-based fluorescent lighting products. While these fluorescent exemptions may have been necessary in 2013 when the Convention was drafted, lighting technology has moved on rapidly – and today, the accessibility and affordability of mercury-free LED retrofit lamps makes the fluorescent lamp exemption unnecessary.

The signatories, representing climate and environment advocates, healthcare networks, youth groups, lighting industry representatives and energy experts from across the world are calling for an end to the sale of toxic, polluting lighting products to protect both people and the planet.

“Ending exemptions for mercury-added fluorescent lighting at COP4.2 of the Minamata Convention on Mercury on March 21 and removing 3.5GT of carbon dioxide emissions between 2025-2050 is the quickest win and lowest hanging fruit for climate mitigation,” said Nithi Nesadurai, Director and Regional Coordinator, Climate Action Network Southeast Asia during a media advisory on March 14. “It will be beneficial from the cost, health and environmental perspectives as well. It has to be done now; there is no time to lose.”

The letter comes as research from the Clean Lighting Coalition and partners demonstrate the health risks of mercury in lighting – particularly to vulnerable groups like developing fetuses, babies, and children; workers who handle fluorescent lamps at manufacturing and recycling facilities, as well as maintenance workers in commercial and institutional buildings; and communities of color and people living in low-income neighborhoods who may be chronically exposed to a combination of toxic substances, including mercury.

The letter underscores that the phase-out of fluorescents must be a coordinated global effort. From 21-25 March 2022, the Minamata Convention will host the fourth Conference of Parties (COP4). To enter into effect, the amendment must be passed with a majority consensus of the 137 Parties (countries) to the Convention.

NOTES TO THE EDITOR

  1. The Minamata Convention is a global treaty to protect human health and the environment from the adverse effects of mercury – a neurotoxin that can cause harmful and long-term health effects. The Convention launched in 2013 with the goal to “Make Mercury History” by eliminating the use of mercury in products and processes worldwide. Major highlights include a ban on new mercury mines and phase-out of existing ones, control measures on emissions to air and on releases to land and water, and the regulation of the informal sector of artisanal and small-scale gold mining. Currently, 137 parties (countries) have ratified the Convention.
  2. Please read the full open letter and full list of signatories here.

About the Climate Action Network

The Climate Action Network (CAN) is the world’s largest climate network made up of over 1,500 civil society organisations in over 130 countries, together fighting the climate crisis. To learn more, visit https://climatenetwork.org/.

About the Clean Lighting Coalition
The Clean Lighting Coalition is a global partnership coordinated by CLASPto capture the health and environmental benefits of eliminating mercury-based lighting. To learn more, visit www.cleanlightingcoalition.organd follow the Coalition on Twitter, Facebook, and LinkedIn.

The issuer is solely responsible for the content of this announcement.

Clearing the Air: Simple Solutions for Reducing Air Pollution in Laos

Drone photo showing dangerous air pollution levels in 2019 (Photo: Jettana Viengsaly)
Drone photo demonstrating air pollution levels in 2019 (Photo: Jettana Viengsaly)

As air pollution thickens in the skies above Laos, concerned individuals are rising to the challenge with some simple solutions, writes Bridget Dooley.

CSG Unleashes Future-Proof Automation for VicTrack

Victoria’s rail transport system modernises infrastructure to increase efficiencies and support cost-effective solutions to their end customers

BRISBANE, AUSTRALIA – News Direct – 15 March 2022 – CSG® (NASDAQ: CSGS) is transforming the way companies engage with their customers by arming today’s leading brands with future-ready, innovative solutions that drive extraordinary customer experiences. Recently VicTrack, the state-owned enterprise that manages public transport infrastructure in Victoria, Australia, deployed CSG’s configure, price and quote (CPQ) and order management solution to support the digital transformation and automation of its telecommunications network. With CSG’s industry-leading platform, VicTrack’s existing network and processes now deliver more efficient and cost-effective solutions to their end transport, government and wholesale customers.

“VicTrack’s focus is on broad transformation and CSG’s ability to automate our systems and create faster more efficient solutions for our customers is a game-changer for our business,” said Bruce Moore, Executive General Manager, Telecommunications at VicTrack. “We wanted a technology provider that had both local market experience and the proven expertise to handle the complexities of our project. CSG’s flexibility and transparency created a highly collaborative environment that ultimately set our business up for immediate and long-term success.”

CSG technologies enable VicTrack to support the delivery of improved telecommunications solutions both now and into the future, across both public and enterprise applications.

Since implementing CSG’s CPQ solution, VicTrack has:

  • Supported the development of a future-proof network: Anticipating the future needs of VicTrack’s business, the high-capacity network is now ready for turnkey upgrades and increasing stakeholder demands.
  • Improved process speeds by 30%: Process and deployment times cut by nearly a third, allowing VicTrack to have better visibility across its offerings and make strategic decisions on future services.
  • Sparked new revenue opportunities: VicTrack can wholesale excess capacity across its network to other carriers to support them in providing services to the broader state of Victoria.


“By supporting critical rail operations, including ticketing, communications, signalling and video surveillance, the state of Victoria is providing services that keep the heart of the city, its people and businesses, moving,” said Ian Watterson, head of CSG’s Asia-Pacific business. “VicTrack’s progressive approach to digitally transform its network and ensure it is highly efficient and modern is no easy feat. It’s been a privilege to work alongside VicTrack on this journey as CSG continues to deliver disruptive innovation that meets the growing demands of the market to create a more future-ready world.”

Delivered as part of CSG Encompass, a SaaS, open, integrated and modular solution that reduces the complexity of multi-sided, B2B2X ecosystems, CSG’s CPQ solution accelerates time to market with an end-to-end, open and interoperable design that is completely catalog-driven. For more information visit, www.csgi.com/capabilities/revenue-and-customer-management/configure-price-quote-and-order/.

About CSG

CSG is a leader in innovative customer engagement, revenue management and payments solutions that make ordinary customer experiences extraordinary. Our cloud-first architecture and customer-obsessed mindset help companies around the world launch new digital services, expand into new markets, and create dynamic experiences that capture new customers and build brand loyalty. For 40 years, CSG’s technologies and people have helped some of the world’s most recognizable brands solve their toughest business challenges and evolve to meet the demands of today’s digital economy with future-ready solutions that drive exceptional customer experiences. With 5,000 employees in over 20 countries, CSG is the trusted technology provider for leading global brands in telecommunications, retail, financial services, and healthcare. Our solutions deliver real world outcomes to more than 900 customers in over 120 countries.

To learn more, visit us at csgi.com and connect with us on LinkedIn and Twitter.

Copyright © 2022 CSG Systems International, Inc. and/or its affiliates (“CSG”). All rights reserved. CSG® is a registered trademark of CSG Systems International, Inc. All third-party trademarks, service marks, and/or product names which are referenced in this document are the property of their respective owners, and all rights therein are reserved.


#CSG

The issuer is solely responsible for the content of this announcement.

AYOXXA receives fresh capital for commercial growth in Europe, US and Asia led by Prosnav Capital

  • Financing round led by Prosnav Capital, a strategic international investor based in Luxembourg and Hong Kong, and supported by investment from a group of continuing shareholders
  • Financing accelerates the company’s development into a global leader in proteomics and provides direct access to Asian market opened through broad network of Prosnav Capital
  • New management team appointed to drive aggressive growth, brings extensive international industry expertise: new CEO, Dr. Albrecht Läufer is joined by Markus Fehr as designated co-CEO

COLOGNE, GERMANY – EQS Newswire – 14 March 2022 – AYOXXA Biosystems GmbH, active in the development of multiplex protein analysis assays for drug discovery and translational research, today announced the successful closing of a financing round which will provide runway for the coming 3 – 5 years. The round was led by Hong Kong-based strategic investor, Prosnav Capital, who will provide AYOXXA access to the Asian market with a broad regional network. Besides Prosnav, a group of existing shareholders participated in the financing.

The funds will be used to drive the global commercialization of AYOXXA’s LUNARIS(TM) platform. The platform is designed to generate high-quality proteomics data using smallest-volume samples. It enables fully scalable quantitative validation of disease-relevant biomarkers and allows for translational research from laboratory to clinic, from mouse model to human, from data to treatment or vaccine.

“We are proud to have attracted Prosnav Capital as a shareholder. Prosnav provides the company with a solid perspective, not only in terms of funding, but also with their valuable relationships and experience, especially in Asia,” said Dr. Albrecht Läufer, AYOXXA’s Chief Executive Officer. “With our LUNARIS(TM) platform, AYOXXA is well positioned to enter the commercial growth phase.”

“We are honored to lead a group of highly regarded life science investors in supporting AYOXXA at this crucial point in the company’s history,” said David Huang, founder of Prosnav Capital. “This is our strategically important investment into the healthcare sector; we are excited by the potential of the LUNARIS(TM) technology to support development of better treatments and vaccines. We will help to establish AYOXXA as a global leader in proteomics”.

“AYOXXA is now well positioned to successfully expand into the Asian market, where nearly half of the more than 600 studies with CAR-T cell therapies are being conducted by utilizing its experience gained through use of the LUNARIS(TM) platform at 1st tier medical institutions in Europe and the US,” said new designated Co-CEO and China Representative of GHA (German Health Alliance) Markus Fehr.

“Prosnav Capital has recognized the potential of AYOXXA to continue to innovate, particularly for the use of proteomic tools in clinical settings, as well as provide the financial stability to expand the commercial capability of the company. I was pleased to have the support of the leading investors in AYOXXA throughout the financing process and encouraged that several shareholders continue as investors in the company alongside the lead investment of Prosnav Capital,” said Rodney Turner, outgoing CEO of AYOXXA.

Continuing investors led by Wellington Partners and NRW.Bank include b-to-v Partners S.à.r.l.; Rainer Christine Asset Management GmbH.; Equivation-Beteiligungsgesellschaft mbH; Roland Oetker Family Office; Riesner Verwaltungs GmbH, the two Co-Founders of AYOXXA and several other private investors.

New management to drive accelerated commercial growth

As part of the financing transaction, it was agreed that previous Managing Directors will continue to serve the company in new capacities. Rodney Turner (CEO) will advise AYOXXA in the US market, and Dr. Markus Zumbansen (CTO) will continue to serve the company as a CSO and CTO. The new CEO, Dr. Albrecht Läufer, and designated co-CEO Markus Fehr will drive AYOXXA’s accelerated commercial growth.

Dr. Läufer joins AYOXXA bringing more than 35 years of experience from international leadership positions in the biotech and pharmaceutical industries and from vaccines development to the company. Mr. Fehr is an expert on the Chinese healthcare market and will retain his position as China representative of the GHA – German Health Alliance, in addition to his role at AYOXXA.

About Prosnav Capital

Prosnav Capital manages over $1 billion in committed capital through its multi-asset class platform, which includes private equity, real estate, structured investments and finance, and asset management. Prosnav has carefully selected high quality fund investment opportunities from around the world and offered them to high-net-worth clients. At the same time, the company actively explores direct and co-investment opportunities. In addition, the company provides comprehensive value-added services throughout the investment cycle, from fundraising inception to investment, post-investment management and exit. In addition to its Luxembourg fund office, which serves as a hub for the EU, Prosnav has offices in key financial centers, including Germany, Switzerland, Canada, the UK (advisory services at the StepStone office), Singapore, Australia, Hong Kong and China. Prosnav employs over 70 people worldwide.

About AYOXXA

AYOXXA Biosystems GmbH, originally a Startup of the National University of Singapore, is an international life science company based in Cologne (Germany) with an office in the USA. AYOXXA enables its customers and partners to utilize its reliable and optimized platform technology to fuel breakthroughs in all areas of life science research and to enhance success in translational science.

With LUNARIS(TM), its proprietary beads-on-a-chip multiplexing platform for advanced protein analysis, the Company is paving the way for translating knowledge generated in a laboratory environment through clinical studies in support of basic biology and drug development. With its advantages in terms of quality, flexibility, robustness and efficiency, LUNARIS(TM) enables fully scalable quantitative validation of biomarkers in minute amounts of biological samples. AYOXXA is commercializing a growing portfolio of standardized ready-to-use biomarker assays, with a focus on the biology of inflammation and immune response.

For more information, visit www.ayoxxa.com.
Follow AYOXXA on LinkedIn.

#AYOXXA

The issuer is solely responsible for the content of this announcement.

SUNeVision Wins Tender for A Site at Chung Hom Kok (“RBL1219”) to Develop Its Second Cable Landing Station in Hong Kong

HONG KONG SAR – Media OutReach – 14 March 2022 – SUNeVision Holdings Ltd. (SUNeVision), the number one data centre provider and connectivity hub in Hong Kong, today announced that the company has won the tender for a site in Chung Hom Kok, Hong Kong (“RBL1219”). This site will be used to develop SUNeVision’s second landing station for international submarine cables, following its first landing station, “HKIS-1“, launched last year. The addition of cable landing stations to its data centre portfolio will further strengthen SUNeVision’s position as the leading connectivity hub in Asia.

Unprecedented international subsea capacity demand

Global data traffic continues to grow at an unprecedented rate, to 4.8ZB per year, by 2022 [1]. Asia has experienced one of the highest demand growth in international bandwidth, growing at a CAGR of over 40% between 2017 and 2021 [2]. International subsea cables today collectively drive 99% of the intercontinental traffic [3], functioning as the most critical backbone for global connectivity. Cable landing stations serve as an important infrastructure linking each of the cities along which the cable systems route.

Hong Kong as hub for Asia and gateway for China

Located in the centre of Asia, Hong Kong is one of the most important regional data transit hubs and international gateway to/from mainland China. Hong Kong continued to rank Top 10 globally by data capacity [4], due to its geographic advantages and well-established global interconnection infrastructure. In fact, SUNeVision’s MEGA-i in Hong Kong is the most carrier-dense colocation site in the world [5], enabling customers to interconnect to more than 200+ connectivity partners who have physically established its points-of-presence (PoPs) in SUNeVision’s colocation facilities.

SUNeVision ideal in providing one-stop-solution

Today, 9 out of 11 City PoPs of international submarine cables landed in Hong Kong are located in SUNeVision’s MEGA-i. Providers of telecommunications, cloud, ISP, CDN service interconnect with each other in MEGA Campus’ colocation facilities, forming a network of around 15,000 interconnections with unparalleled reliability and efficiency. Building on this rich ecosystem, the addition of the cable landing stations will provide a one-stop-solution to cable owners and users alike. SUNeVision’s carrier-neutral facilities would be the ideal location for partners who look for connectivity to multiple cables systems and providers.

The tender site refers to the plot Rural Building Lot No. 1219 at Chung Hom Kok, Hong Kong. It has a site area of about 2,254 square metres and is on a 30-year land grant. HKIS-1, launched in 2021 and located nearby, is of similar scale. The two neighbouring sites will offer path diversity and expansion capacities for upcoming new submarine cable growth.

Quote

Raymond Tong, Chief Executive Officer, SUNeVision:

“Hong Kong is an international business and ICT hub in Asia given its strategic location and business environment. As demand for connectivity continues to grow globally due to skyrocketing data usage, the data centre outlook in Hong Kong is optimistic. Our investment in new site demonstrates that we are positive and confident about Hong Kong’s outlook in long term. Our expansion from data centre provider to owning cable landing stations would further strengthen our one-stop-shop connectivity for data businesses in Hong Kong, mainland China and the rest of the world.”

About SUNeVision

SUNeVision (SEHK: 1686), the technology arm of Sun Hung Kai Properties (SEHK: 0016), is the largest data centre provider in Hong Kong. We provide industry-leading carrier and cloud-neutral data centre services with Asia’s number one connectivity. We connect providers of telecommunications, cloud, ISP, CDN, OTT from local, mainland China and global with enterprises of different businesses on our Asia leading data centre ecosystem.

SUNeVision forms MEGA Campus by extending the connectivity edge from highly connected MEGA-i to other high-tier data centres, including MEGA Gateway, MEGA IDC, MEGA Plus and MEGA Two. Facilities on MEGA Campus are interconnected through a dedicated dark fibre network and around 15,000 cross-connects. Together with City PoPs of major submarine cables in our facilities, we enable our customers for direct connections to multi-cloud platforms and multi-cloud exchanges with the best connectivity in town. We are committed to supporting Hong Kong as a regional information hub and a strategic gateway to mainland China.

For more information, please visit SUNeVision’s website, LinkedIn or WeChat.

#SUNeVision

The issuer is solely responsible for the content of this announcement.

Bybit Wins the Best Cryptocurrency Market Exchange Award at Cryptocurrency World Expo 2022

WARSAW, POLAND – Media OutReach – 14 March 2022 – Bybit is pleased to be recognized as the Best Cryptocurrency Market Exchange at the Cryptocurrency World Expo 2022. Industry leaders and rising stars in the blockchain and cryptocurrency community gathered at the two-day event in Warsaw, Poland from 9 to 10 March, 2022.

The award is a new milestone in Bybit’s compelling growth story from an emerging exchange for traders in 2018 to one of the most celebrated names for all crypto users around the world.

Bybit’s Bill Xing joined fellow panelists at a round table on financial instruments in the blockchain space. As Head of Financial Products at Bybit, Bill leads efforts in researching and designing innovative instruments at one of the world’s fastest growing exchanges.

Bill said he saw it as the duty of centralized exchanges like Bybit to lower barriers to entry for those ready to embrace cryptocurrency.

Since decentralized finance (DeFi) started gaining mainstream momentum in 2020, Bybit had been gearing up to capture a share of the growth, Bill explained. It is now home to the Bybit Earn, offering a hassle-free platform for eligible users to make the most of their cryptocurrency holdings at various risk and yield levels.

Individual users looking to participate in, say, liquidity farming, had to set up and maintain their own wallet. They also faced relatively high gas fees should they choose to use the Ethereum blockchain. Bill said as a centralized platform, Bybit has been focusing on these two aspects to optimize the DeFi user experience by breaking down barriers.

“At Bybit we simplify DeFi for the average user. They can put their assets on the platform, choose their risk appetite and let the platform do the work,” he shared.

“The DeFi space is filled with noise,” he added. At the Bybit Earn, Bybit scopes out qualified and promising projects to lessen the due diligence burden with in-house resources an individual user may not have.

“We try to lower barriers to entry on all aspects by providing more information and investor education. On the product side, we try to make it more user-friendly for all age groups and skill levels,” he said, and centralized exchanges can help retail investors participate in the DeFi market by removing the technical hurdles.

“Fiat integration is another bump in the crypto onboarding journey that centralized exchanges are working on,” Bill said.

For the vast majority of people starting to adopt cryptocurrency, a robust and secure on-ramp and off-ramp system is a key consideration. “This functionality has mostly been taken up by centralized exchanges,” Bill said. For most actual users, the choice is not between “crypto or fiat” and they demand secure gateways in both directions,” he said.

Bybit’s booth at the Expo showcased its trading platform and greeted hundreds of cryptocurrency enthusiasts participating the Expo from across the world with refreshing beer. Over 1,400 visitors attended the conference in person in addition to virtual sessions to a global audience.

About Bybit

Bybit is a cryptocurrency exchange established in March 2018 to offer a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service, and multilingual community support. The company provides innovative online spot and derivatives trading services, mining and staking products, as well as API support, to retail and institutional clients around the world, and strives to be the most reliable exchange for the emerging digital asset class. Bybit is the proud partner of Formula One racing team Oracle Red Bull Racing, esports teams like NAVI, Alliance, Astralis, and Virtus.pro; German soccer club Borussia Dortmund and Japanese soccer club Avispa Fukuoka.

For more information please visit: https://www.bybit.com/

For updates, please follow Bybit’s social media platforms on
https://discord.com/invite/bybit
https://www.facebook.com/Bybit
https://www.instagram.com/bybit_official/
https://www.linkedin.com/company/bybitexchange/
https://www.reddit.com/r/Bybit/
https://t.me/BybitEnglish
https://www.tiktok.com/@bybit_official
https://twitter.com/Bybit_Official
https://www.youtube.com/c/Bybit

#Bybit

WEAVE LIVING Expands into Singapore with Latest Acquisition

The Hong Kong-headquartered rental accommodation specialist will soon introduce its fully integrated rental accommodation concept to Singapore, following the USD 56 million acquisition of Hotel Clover J. Sultan

HONG KONG – Media OutReach – 14 March 2022 – Asia’s leading owner, developer and operator of lifestyle rental accommodation WEAVE LIVING today announces its expansion to Singapore. Through its successful acquisition of Hotel Clover J. Sultan located at 33 Jalan Sultan for a value of USD 56 million, WEAVE LIVING will introduce its fully integrated rental housing concept to the Lion City. WEAVE LIVING’s debut property in the city is expected to welcome its first residents in the first quarter of 2023, and will see the company’s aggregate assets under management rise to over USD 850 million across its portfolio in Hong Kong and Singapore. This latest acquisition marks a new milestone for the Company and signifies WEAVE LIVING’s expansion plan into more APAC markets, leveraging on its solid foundations in Hong Kong since 2017.

WL-1.jpg

High-res image link: https://bit.ly/3KEanEq

Located in the heart of the vibrant Kampong Glam neighbourhood, WEAVE LIVING’s first Singapore property will boast a gross floor area of approximately 35,000 square feet. Coupled with WEAVE LIVING’s dedication to providing lifestyle-centric, hassle-free living, this upcoming property will provide an exceptional new choice for rental accommodation in the active Singapore market. Targeting global citizens and professionals, the expansion will also create a strong synergy effect and strengthen WEAVE LIVING’s offer across Asia’s gateway cities.

Sachin Doshi, Founder & Chief Executive Officer of WEAVE LIVING, said: “We are thrilled to have successfully acquired this premium site. We have been following with interest the booming rental accommodation market in Singapore and are optimistic about developments in this key Asian commercial centre over the coming years. A new generation of Singaporeans are now looking for a place to live independently, especially with the recent growth of working from home and other flexible working arrangements. We are also confident that the city will see an influx of global talent thanks to its status as an international financial hub combined with its pragmatic approach to dealing with the after-effects of the pandemic. We believe there is huge demand for fully serviced, flexible and stylishly designed accommodation in Singapore, which we expect will only increase as we continue to grow our portfolio in the city.

“With our first acquisition in Singapore, WEAVE LIVING is excited to curate a brand-new living experience for global citizens and professionals that combines style, comfort, and convenience, to complement the energy and vitality of modern city living. The acquisition also aligns with WEAVE LIVING’s long-term investment and expansion plans and I am certain that the Company will inject new energy into the market.”

He added that WEAVE LIVING’s first overseas purchase, building on the solid foundation the brand has established in the Hong Kong market, signifies the Company’s ambition to expand its presence to the wider APAC region with entry into other countries, beyond Singapore currently in planning. WEAVE LIVING is also eyeing various potential properties in Singapore, with an aim to substantially grow its portfolio in the city-state over the next couple of years.

Spread across two levels, the property, which is a row of conservation shophouses, will feature beautifully designed and fully-furnished rental accommodation units encompassing a mix of single- and dual-occupancy contemporary serviced suites including several loft units with exclusive green terraces and kitchenettes. In keeping with WEAVE LIVING’s community-building and design-forward ethos, the existing property will undergo a comprehensive refurbishment with an investment of SGD 4 to 5 million, whereby expansive and welcoming shared spaces such as a dining area, living room, kitchen, gym, yoga studio and workspaces will be added. The new home is expected to welcome its first residents early next year.

In recent years, Kampong Glam has transformed into one of Singapore’s most vibrant arts and cultural precinct. In addition to its diverse mix of impressively maintained heritage and exciting new developments, the area is home to leading museums, art hubs and cultural landmarks, and is a must-visit destination for both locals and visitors. WEAVE LIVING’s debut property in the city is an eight-minute walk to Bugis MRT station, a main interchange hub on the East West and Downtown Lines. As such, the property is within easy reach of popular destinations such as Raffles Place, Tanjong Pagar, Marina Bay Sands, National Gallery, and Victoria Concert Hall while also being conveniently connected to commercial areas such as Suntec City, The Gateway and The Concourse. With its prime location and fascinating surrounds, this is the ideal location for WEAVE LIVING’s lifestyle rental accommodation philosophy to be brought to life in Singapore.

About Weave Living

Founded in 2017 by Sachin Doshi as a response to the gap in the market for beautifully designed and professionally managed living options, WEAVE LIVING currently owns and operates 678 rental accommodation units in Hong Kong across its three consumer brands: WEAVE STUDIOS, WEAVE SUITES and WEAVE RESIDENCES.

WEAVE STUDIOS boasts four prime locations in Kowloon that ushered in a new and innovative model of hassle-free city living by bringing together comfort, convenience, and community. WEAVE SUITES was first launched in February 2021 at eclectic Sai Ying Pun, offering 83 fully-furnished and contemporary serviced suites. In August 2021, WEAVE RESIDENCES debuted in affluent Mid-Levels, adding 48 traditional self-contained multi-family homes to the WEAVE LIVING portfolio.

With its current pipeline of new openings in Hong Kong and Singapore over the next 12 months, WEAVE LIVING will grow its portfolio to c.1,500 units across 10 properties.

Offering flexible lease terms and move-in-ready homes with all-inclusive prices for a streamlined, stress-free rental process, WEAVE LIVING’s dedication to its residents and neighbourhood is matched by a commitment to the local community – via frequent collaborations with artists, brands, and partners – to imbue WEAVE locations with a true sense of place.

Find us on:
Instagram: @liveatweave
Facebook: @liveatweave
https://www.weave-living.com/en/hk/about

#WeaveLiving

The issuer is solely responsible for the content of this announcement.