Serendipity Labs Coworking and UrWork Form a Partnership to Open 34,000 Square Foot Cobranded Location in New York City's Financial District

NEW YORK, July 10, 2017 /PRNewswire/ -- Leading New York-based shared workplace provider Serendipity Labs Coworking and UrWork, the leading coworking company in China, announced today a partnership to open a Serendipity Labs workplace at 28 Liberty Street, the iconic One Chase Manhattan Plaza tower in the heart of New York City's Financial District. The co-branded 34,000 square foot location is slated to open in October 2017. The companies have also announced a first-of-its-kind agreement for the coworking industry that interconnects their networks across the U.S. and China for members of both companies.

"Through this partnership, we are creating immediate value for our members without committing to extensive investments in overseas operations," says John Arenas, CEO and founder of Serendipity Labs. "It provides our members seamless access to UrWork's extensive network of locations, while offering their members upscale coworking when in the U.S."

Mao Daqing, founder and CEO of UrWork, goes on to say, "We are proud to be partnering with an industry leader in the United States at a location of this stature. Our members who wish to do business in the U.S. can expect an upscale, hospitality-based experience with Serendipity Labs, and we look forward to supporting Serendipity Labs members when business takes them to China." Rocktree Capital's Omer Ozden advised UrWork in the joint venture and its related transactions with Serendipity Labs.

"We are creating a new model for the coworking industry by establishing a network that can reach farther, faster," Arenas concludes.

About Serendipity Labs

Established in 2011 by industry leader John Arenas, Serendipity Labs, Inc. delivers coworking as an upscale hospitality brand that addresses the needs of mobile professionals, independent workers and project teams. It offers workplace memberships that include day passes, part-time and full-time coworking, dedicated private offices or team rooms for up to 20. Corporate membership with central billing and reporting is available. The proprietary cloud-based IT platform is enterprise class and meets Sarbanes-Oxley and HIPAA standards. Serendipity Labs has attracted over $125 million in capital, including $24M in private equity and over $100M committed from its area franchise developers, and is growing through owned, managed and franchised locations in office buildings, high-rise residential projects, hotels and retail properties, with over 100 locations currently under development. (www.serendipitylabs.com)

About UrWork

Founded in 2015 by real-estate veteran Dr. Mao Daqing, UrWork (Beijing) Venture Investment Co., Ltd is a leading coworking space provider in China offering long-term leasing, hot desk and corporate-customization solutions and professional services across a broad spectrum for small-to-medium enterprises. Backed by renowned investors such as Sequoia Capital, Zhen Fund, Noah Wealth Management, Sinovation Ventures, UrWork posts a valuation of U.S. $1.3 billion after B-round as of June 2017, and has grown to cover over 78 locations in over 20 cities in China, Singapore, New York, Los Angeles and London, servicing over 3000 enterprises and 30,000 members in total. UrWork expands globally through partnership with accredited facility operators and franchisers and UrWork is the largest and most recognized co-working space brand in China. (www.urwork.cn)

SOURCE Serendipity Labs, Inc.

Related Links

http://www.serendipitylabs.com