Nomad aims to grow office space by 30% in 2013
KUALA LUMPUR: The Nomad Group Bhd is optimistic about the outlook for its serviced office segment, expecting to grow its office space by 30% supported by the conducive environment.
Its chief executive officer Roy George said the virtual office concept had become more popular due to the mobility it provided.
“Virtual offices have not fully taken off in Malaysia.
“Many people are still unaware of the concept and there is still room for growth,” he said at a press conference after a signing ceremony with Fuji Xerox Asia Pacific Malaysia Operations to improvise document management services for its tenants.
Furthermore, the service was well received as businesses were able to achieve cost-efficiency.
“We will continue to do well (this year) if not better (than last year).
“We are looking at (new) potential office centres in Kuala Lumpur and the region,” he shared.
The growth areas would come from cities that it already had a foothold in like Kuala Lumpur, Bangkok, Singapore, Jakarta, Ho Chi Minh and Manila, he added.
The integrated provider of serviced offices, hotels and serviced residences, he elaborated, had a total office space of 200,000 sq feet in the region at the moment and hoped to achieve the 30% growth by year-end.
When asked when the expansion would materialise, Roy replied: “You will hear something from us every quarter.”
On new markets, he said it planned to expand to other regional cities in another one or two years.
According to him, 40% of the company’s income came from office services, while 60% came from hotel and residences.
Its office services clients came from businesses of varying sizes, ranging from multinational companies to start-ups cutting across an assortment of industries.
Also in the pipeline is its plan to open a 133-room hotel in Penang by June.
“We are constantly on the lookout to invest in another property for hotel, serviced residential in Kuala Lumpur as well as other regions.
“We acquired a hotel in Penang last October currently undergoing a rebranding (exercise) to Nomad Penang.”
Meanwhile, Fuji Xerox Asia Pacific Pte Ltd president Sunil Gupta said Fuji Xerox has evolved from a traditional copier company to a solutions provider.
He said it was also working with other offices that required security, inter-departmental billings, tracking and other document management-related services.
By The Star Online