The Flexi Group

What The Flexi Group does

The Flexi Group is a Hong Kong-headquartered collection of flexible workspace operators formed in August 2022 through the merger of three regional coworking brands: Common Ground (founded ~2017, Malaysia-anchored), the Hive (founded 2012 in Hong Kong), and The Cluster (founded 2010 in Melbourne). The merged group operates 45+ locations across 11 cities in 9 countries spanning Malaysia, the Philippines, Thailand, Singapore, Hong Kong, Vietnam, Australia, Taiwan, and Japan, and self-describes as one of the largest flexible workspace operators in Asia-Pacific.

The company's core offering is a multi-brand coworking and serviced-office portfolio — Common Ground targets premium Grade A addresses, the Hive operates boutique community-focused spaces, and The Cluster provides flexible work-and-events space in Melbourne — supplemented by two service modules: Enterprise Solutions (custom workspace design, build, and community management for large organizations, with named clients including PETRONAS, Al Rajhi Bank, AWS, and UEM Edgenta) and a Landlord Partnership program that activates commercial property via management agreements rather than traditional leases (partners include Chinachem, Vivid Invest, Iskandar Investment Berhad, Megafarm JSC, and Megaworld/MREIT).

Revenue is generated through recurring monthly memberships (hot desks, dedicated desks, private offices), usage-based Corporate Flex day passes, enterprise multi-year contracts, management fees from landlord partnerships, and event-venue rentals. Distribution combines direct sales for enterprise, website self-service for SMBs and individuals, referral programs across a 30,000+ member community, and the B2B landlord channel. In 2022 the group signed a business combination agreement with Nasdaq-listed SPAC TG Venture Acquisition Corp. for a planned public listing, and continues to expand through 2024-2025 location openings in Hong Kong, Malaysia, the Philippines, Thailand, and Vietnam.

Name

The Flexi Group

Legal name

The Flexi Group Holdings Ltd.

Website

https://theflexigroup.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

51–100 employees

Short description

The Flexi Group operates a multi-brand portfolio of flexible workspaces — Common Ground, the Hive, and The Cluster — across 11 cities in 9 Asia-Pacific countries, serving SMEs, freelancers, and large enterprises through subscriptions, custom enterprise builds, and asset-light landlord partnerships.

Ownership category

akta.pro rank

Headquarters

HQ city

Hong Kong

HQ country

Hong Kong SAR China

HQ region

Asia

Offices9 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Flexible Workspace Memberships: Recurring revenue from hot desks, dedicated desks, and private office memberships across all locations. Members pay recurring fees for access to workspace facilities and community amenities.
2. Enterprise Solutions: Custom workspace solutions for large enterprises, including tailored office spaces, custom builds, and ongoing management services for large teams.
3. Corporate Flex Solution: Pay-as-you-go service allowing corporate clients to drop in and use spaces and facilities on demand.
4. Management Partnership Revenue: Revenue from landlord partnership arrangements where The Flexi Group manages properties, earning management fees or revenue share from operated spaces.
5. Event Venue Rental: Rental income from hosting events in flexible event spaces within coworking locations.

Pricing tiers

Go-to-market motion4 records

Distribution channels4 records

Marketing channels5 records

Core offering

The Flexi Group is a multi-brand flexible workspace operator across Asia-Pacific, running three coworking brands — Common Ground, the Hive, and The Cluster — under a single asset-light platform. It sells coworking memberships, private offices, enterprise workspace solutions, corporate flex arrangements, landlord partnership programs, and event venue rentals to individuals, SMEs, and large enterprises.

Product overview

The Flexi Group is a collection of flexible workspace brands operating a multi-brand platform across Asia Pacific and Australia. The company offers three distinct coworking sub-brands—Common Ground (premium Grade A spaces), The Hive (boutique community-focused spaces), and The Cluster (large flexible work and events spaces)—complemented by two service modules: Enterprise Solutions (custom workspace solutions for large teams) and Landlord Partnerships (property activation programs for building owners). Together, these offerings provide end-to-end flexible workspace options from individual hot desks to enterprise-wide custom builds.

Differentiator

Problem solved

Functional benefit

Brands

• Common Ground: Flexible workspace brand operating in Malaysia (13 locations in Kuala Lumpur and Penang), Philippines (4 locations in Manila), Thailand (3 locations in Bangkok), and Singapore (1 location at The Gateway East). Malaysia's leading flexible workspace provider with spaces drawing inspiration from surrounding environments.
• The Hive
• The Cluster

Products and services

• Common Ground
• The Hive
• The Cluster
• Enterprise Solutions
• Landlord Partnerships
• Corporate Flex Solution
• Event Venue Rental

Named customers10 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered major.

• MREIT Inc. / Megaworld Corp.majorStrategic or Co-development Partner · 30 June 2025Partnership with Kevin Tan-led Megaworld's REIT unit to launch dedicated space for startups in McKinley Hill, Philippines digital park.
• Megafarm JSCmajorStrategic or Co-development Partner · 1 January 2024Strategic partnership in Vietnam to transform former MicroSpace site into Hive Rivermark, Thu Duc City's premier coworking hub.
• Corsan Realty CorporationmajorStrategic or Co-development Partner · 1 January 2024Partnership with Philippine real estate developer to open Common Ground Don Antonio, a premier workspace and events hub in Quezon City.
• Hirsch & FaigenmajorStrategic or Co-development Partner · 13 September 2022Rich Lister's development company partnership where The Hive agreed to lease 2,285 sqm (nearly one-third) of a 10-storey tower at 222 Hoddle Street, Melbourne.
• Chinachem GroupmajorStrategic or Co-development Partner · 1 June 2022Property developer partnership to launch over 17,000 square foot flexible workspace in the heart of Central, Hong Kong, designed for hybrid working models.
• Iskandar Investment Berhad (IIB)majorStrategic or Co-development Partner · 21 October 2021Collaborative agreement with IIB Ventures to develop and operate Common Ground Iskandar Space (CGIS) in Iskandar Puteri, Malaysia.
• Vivid InvestmajorImplementation/ SI/ Consulting Partner · 14 December 2020Boutique Hong Kong real estate developer and private investment fund partnership for Hive Lai Chi Kok, the first management partnership agreement of its kind in Hong Kong.

Scale indicators9 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• IWG (Regus, Spaces, HQ): The world's largest flexible workspace operator with thousands of locations under the Regus, Spaces, and HQ brands. IWG is a direct competitor to The Flexi Group across Hong Kong, Singapore, Bangkok, Manila, and Kuala Lumpur, with deeper capital, global enterprise contracts, and a mature franchise/JV model that competes head-to-head with Flexi's landlord partnership approach.

Direct peers

• WeWork: Global premium coworking operator that has been Flexi's direct competitor in APAC and whose vacated locations (e.g., former WeWork Sheung Wan/PoHo site) Flexi has taken over. WeWork's post-restructuring expansion push — backed by new capital — directly threatens occupancy and pricing in Flexi's core Hong Kong, Singapore, and Bangkok locations.
• JustCo: Singapore-headquartered coworking operator with a significant APAC footprint (Singapore, Bangkok, Jakarta, Manila, Tokyo, Shanghai, Taipei, Sydney, Melbourne). JustCo competes most directly with the Hive and Common Ground brands in Singapore, Bangkok, and Manila, and pursues a similar enterprise-plus-SME member model.
• Mindspace: Premium flexible workspace operator with locations in Israel, Europe, the US, and select APAC markets. Mindspace competes with Flexi for premium enterprise tenants in overlapping markets and pursues a similar design-led, hospitality-infused positioning to the Hive and Common Ground brands.
• The Executive Centre: Premium serviced office and coworking operator headquartered in Hong Kong with locations across greater China, Southeast Asia, India, and Australia. It is a direct competitor to Flexi's premium Common Ground positioning and shares many of the same enterprise and financial-services clients in Hong Kong, Singapore, and Malaysia.
• Servcorp: Australia-headquartered premium serviced office and virtual office provider with locations across APAC, the Middle East, Europe, and the Americas. Servcorp competes with Flexi's premium private office and virtual office offerings, particularly in Singapore, Hong Kong, and Tokyo, and serves many of the same enterprise and financial-services clients.

Others

• WORKTECH Academy / WORKTECH (informational peer): Global research and events network for the future of work and workplace. Not a direct competitor but an influential industry ecosystem that frames demand for flexible workspace operators like The Flexi Group, and whose conferences and research shape enterprise buying decisions relevant to Flexi's enterprise sales motion.
• CapitaLand (workspace / commercial real estate parent): Major Asia-Pacific real estate developer and landlord. CapitaLand is both a potential landlord partner and a competitive threat to Flexi because its own flexible workspace initiatives (e.g., Bridge+, CapitaSpring tenants) overlap with Flexi's enterprise and premium coworking offerings in Singapore and beyond.

Regional players

• Ucommune (formerly UrWork): China-focused flexible workspace operator that expanded into Southeast Asia (Singapore, Bangkok) before scaling back. Ucommune is comparable to Flexi in multi-brand coworking operations and SME/enterprise member focus, though its primary footprint is in mainland China where Flexi does not operate.

Emerging players

• H Spaces (Hubud / Dojo Bali-style regional operators): Smaller regional coworking and serviced-office operators in Southeast Asia that compete with Flexi for SME and freelancer memberships in Bangkok, Ho Chi Minh City, and Kuala Lumpur. They are niche players but represent price competition in tier-2 buildings adjacent to Flexi's flagship locations.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/theflexigroup

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries3 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Flexi Group