Great Room Ceo Jaelle Ang Step Down
Jaelle Ang, founder and CEO of renowned co-working space provider The Great Room, has recently announced her decision to step down from her role in August. In a heartfelt post on LinkedIn, Ang expressed her excitement about transitioning into an advisory role and supporting the team as the company embarks on new ventures across the Asia Pacific region, taking advantage of the Industrious and CBRE platform.
Since its establishment in 2016 with its first location at One George Street in the CBD, The Great Room has expanded rapidly under Ang’s leadership. The company has since opened multiple locations in Singapore, including Centennial Tower, Ngee Ann City, Raffles Arcade, and Afro-Asia, and has also expanded regionally into Hong Kong and Bangkok.
In May 2022, The Great Room was acquired by US-based flexible workspace provider Industrious for approximately US$100 million ($139 million) along with European co-working player Welkin & Meraki. This acquisition allowed The Great Room to continue its growth and expand further. In 2023, the company opened its first heritage shophouse location in Singapore at the former Eu Yan Sang Building. Shortly after, it made its debut in Australia and now operates two locations in Sydney.
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Last year, The Great Room took over the management of co-working space Csuites at Paya Lebar Quarter from LendLease. The company’s eighth location in Singapore, at the upcoming Shaw Tower on Beach Road, is expected to open in 2026.
Ang’s departure as CEO comes after CBRE acquired full control of Industrious in January this year. The global real estate services company, which previously held a 40% equity stake in Industrious, announced its acquisition of the remaining 60% equity stake for US$400 million, reflecting an enterprise valuation of about US$800 million.
With The Great Room’s recent successes and continued growth, the future looks bright for the company under the direction of its new CEO and support from CBRE and Industrious.