Location all important
As some serviced office providers are debating whether or not to expand in the present volatile economy, Compass Offices, which is opening a business centre in Central next month, is confident it has got its strategy right.
'While World Wide House isn't a premier grade building compared with IFC [International Financial Centre] or ICC [International Commercial Centre], it is strategically located on top of the MTR,' says group director Lachlan Sloan. 'We are very careful about what property we select and typically shy away from premium priced locations, as we feel it pushes prices too high.'
Meanwhile, the high-end interior design and advanced technology installed allow Compass Offices to charge a premium, Sloan says, adding that many companies now signing up to its serviced offices are asking for shorter leases in order to keep some flexibility.
Opening next month, the new business centre on the 17th floor of World Wide House is about 10,000 sqft and will have around 150 work stations. The largest office has been rented to a company that will be occupying four manager's suites and 30 workstations in an open-plan area.
The business centre boasts a full-size pantry, a boardroom with video-conferencing facilities and two smaller meeting rooms, all equipped with LCD screens and conferencing phones connecting to the VoIP system.
There is also a large utilities area and executive lounge with four working pods offering a view of The Peak. Like other Compass Offices interiors, the latest premises are dominated by a neutral tone intended to suit the tastes of different clients and achieve a balance.
'Refurbishing required an extra four weeks on top of the six weeks we usually [schedule], due to the considerable amount of air conditioning, and mechanical and engineering work that needed to be done to bring the site up to our specifications,' Sloan says.
One objective was to improve soundproofing with a sound baffle above the false ceiling to possibly the highest standard in the industry. Another aim was to offer better technology. Information technology has become an essential business tool and a key area of competition.
Sloan says the company's server rooms provide biometric security, fire suppression systems and many other cutting-edge features, enabling its clients to install and host on-site their business critical technical equipment.