Expanding its Asian Network, Compass Offices Opens its Doors in Shanghai

SHANGHAI, Nov. 19, 2015 /PRNewswire/ -- The development and growth of the Chinese economy continues to drive a growing trend for businesses to leverage on serviced office providers in order to manage the costs of commercial rent. Compass Offices, the fastest growing global service provider in Asia, opens its doors in Shanghai for the first time in the prestigious Zhangjiang Hi-Tech Park in the Pu Dong district offering short term, long term and flexible work spaces for all business sizes - from start-ups to multi-nationals. Businesses in this Park specialize in IT, software development and semiconductor manufacturing industries which all register prodigious growth rates: 15-18% being predicted for 2015 - 2018 (Source: Morgan Stanley April 2015) for IT and software development and 16.7% CAGR (Source: PwC March 2015) for the semiconductors.

The grand opening was attended by a number of Compass offices executives visiting Shanghai.

"The new Compass office in Shanghai, like all Compass offices worldwide, features best-in-class design and IT infrastructure, and represents our ongoing commitment to provide a truly unmatched customer experience," said Andrew Chung, CEO, Compass Offices. "It is an honour and an exciting day for Compass Offices in China as we look forward to developing a network of business centres in China and helping local and international businesses grow and succeed. We are here to support their businesses".

Strategically located in Zhangjiang Hi-Tech Park is the first hi tech zone approved by the State Council of China offering tax benefits and is where many multinational corporations and local companies have selected as the base for their business. The serviced office space on the 3^rd floor of A Sun centre covers an area of nearly 1,623 square meters. The space supports 251 workstations in small, medium and large offices including 3 meeting rooms that provide a comfortable and professional working environment.

Compass Offices are equipped with high-speed broadband and Wi-Fi internet connections, excellent IT infrastructure, shared common areas, kitchen amenities, front desk staff and modern meeting rooms. Compass Offices also organize regular networking events exclusively for clients so they are able to meet likeminded individuals.

Furthermore, Compass Offices also offers a range of products, services and support to ensure its customers get all the assistance they need to help grow their business.

"Compass offices in Shanghai is the latest proof point in the ongoing expansion of our network across the Asia Pacific region, helping to support our aggressive growth and ensuring we are delivering a consistent and world-class customer experience in fast growing markets like China," said Andrew Chung, CEO, Compass Offices.

To find out more about Compass Serviced Offices or Virtual Offices in China, email info@compassoffices.com or SHsales@compassoffices.com

About Compass Offices

Compass Offices was founded in Hong Kong in October 2009 and now has more than 40 centres, in 15 cities across 11 countries. Compass Offices has rapidly grown to become Hong Kong's largest Serviced Office provider with locations in Philippines, Singapore, Japan, South Korea, Thailand, Vietnam, Australia, Hong Kong, mainland China, Poland and Kazakhstan. Shanghai is the 2nd location in the Compass Offices network in China with further growth in the pipeline. Renowned for high quality locations, transparent pricing and flexible terms, Compass Offices is the preferred solution for businesses looking to grow with a flexible office space provider.

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