What Raintree Development does

Raintree Development is a Phnom Penh-based private real-estate operator that delivers Cambodia's first "creative office development" through a single mixed-use asset at #299 Preah Ang Duong in the city's central business and banking district. Founded as a joint venture between local boutique developer ISI Land and regional developer August Development Co. (ADC), the company is co-led by Zoë, who relocated from London to manage the project end-to-end, and Hok, who led the architectural design and continues to pursue sustainable design practice across Cambodia. The award-winning property received "Best Office Development, Cambodia" recognition at the 2017-18 International Property Awards in the Asia Pacific Region.

The asset combines four distinct product lines: The Core, providing 3,000 sqm of flexible office workspace configurable in units from 50 to 900 sqm to accommodate teams of 5 to 100+ people; The Canopy, a 300 sqm multi-purpose indoor event space for up to 200 attendees; The Crown, an outdoor rooftop terrace overlooking the banking district with capacity for up to 150 people; and The Cluster, a 700+ sqm indoor/outdoor environment dedicated to film shoots, live-streaming, and commercial productions. A curated ground-floor retail layer featuring Brown Coffee, Duck Kingdom, Kungfu Kitchen, Decathlon Connect, Dorsu, UCare pharmacy, and three bank ATMs complements the office and event businesses.

Raintree generates recurring monthly revenue through subscription-style short- and long-term office leases, event-space bookings, and ground-floor retail occupancy, targeting multinational corporations (Sony, Imperial Brands, Smart Axiata, TIME Internet), fast-growing local enterprises, non-profits and multilaterals (USAID, UNDP, Mission Alliance), embassies and government ministries, chambers of commerce (AmCham, EuroCham), and the creative/startup ecosystem (Impact Hub Phnom Penh, Seedstars, Sabay, e27). Distribution is direct via website inquiry, email, and phone, with no intermediary channels; the team of approximately eight named staff plus additional Client & Event Executive hires manages leasing, events, property operations, and on-site technical services across a single Cambodian location.

Name

Raintree Development

Legal name

Raintree Development

Website

https://raintreecambodia.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Raintree Development operates Cambodia's first creative office development in central Phnom Penh, offering flexible office leasing, multi-purpose event venues, and production space. It serves multinational corporations, local enterprises, non-profits, embassies, and creative industries through a single award-winning mixed-use asset.

Ownership category

akta.pro rank

Product category

Commercial Real Estate / Flexible Workspace

NAICS

Facilities Support Services (561210)

SIC

Services-Facilities Support Management Services (8744)

akta.pro primary industry

Space & Occupancy Services (Move/Add/Change, Seating, Wayfinding) (IMAIALAF)

Keywords

• Flexible office space
• Creative workspace leasing
• Event venue rental
• Commercial real estate
• Coworking office units

Headquarters

HQ city

Phnom Penh

HQ country

Cambodia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. Office Space Leasing: Flexible office units available for short or long-term rental. Units range from 50 to 900 square metres, combinable to accommodate 5 to 100+ people. Virtual offices and small private offices also available for rental on various terms.
2. Event Space Rental: The Canopy (300 sqm indoor) and The Crown (outdoor rooftop terrace) available for events including workshops, networking, screenings, corporate training, cocktail parties, fitness sessions, and commercial shoots.
3. Ground Floor Retail: Curated retail outlets on ground floor including Brown Coffee, Duck Kingdom, Kungfu Kitchen, Decathlon Connect, Dorsu, and UCare pharmacy. ATMs from Acleda, ABA, and PayGo.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Raintree Development leases flexible office workspace and event venues from a single premium development in Phnom Penh's central business district. It offers combinable office units (50–900 sqm) for 5–100+ people on short or long-term terms, a 300 sqm indoor event space (The Canopy) for up to 200 people, a rooftop terrace (The Crown) for up to 150 people, and 700+ sqm of film/production space (The Cluster), complemented by a curated ground-floor retail cluster.

Product overview

Raintree Development offers Cambodia's first creative office development, providing flexible physical workspace and venue solutions. The portfolio consists of four distinct spaces: The Core (flexible workspace and offices ranging 50-900 sqm for 5-100+ people), The Canopy (300 sqm indoor event space for up to 200), The Crown (outdoor rooftop terrace for up to 150), and The Cluster (700+ sqm for film/location shootings). All spaces are available for short or long-term lease, serving multinational corporations, fast-growing local companies, and non-profits.

Differentiator

Problem solved

Functional benefit

Products and services

• The Core Flexible workspace and shared office units comprising 3,000 square metres of office space in Phnom Penh's central business district, with units ranging from 50 to 900 square metres (combinable to accommodate 5 to 100+ people), available for short or long-term rental. Virtual offices and small private offices are also available. Targets multinational corporations, fast-growing local companies, and non-profits.
• The Canopy Multi-purpose indoor event space of 300 square metres that can be configured for workshops, networking, screenings, conferences, and corporate training, accommodating up to 200 people. Targets corporate event organizers, embassies, chambers of commerce, ministries, and media companies.
• The Crown Outdoor rooftop terrace overlooking Phnom Penh's banking district, suitable for networking, cocktails, workouts, commercial shoots, and events hosting up to 150 people. Targets corporate event organizers, brand activation teams, and creative industries.
• The Cluster Film and location shooting space comprising over 700 square metres of combined indoor and outdoor space with clean aesthetics, suitable for digital events, live-streaming, television commercials, and films. Targets film, television, and commercial production companies.

Quantifiable outcome

• 5 to 100+ people accommodated in flexible workspace units
• +3 more outcomes

Named customers22 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• ISI LandcoreStrategic or Co-development PartnerLocal boutique developer and co-creator of Raintree. Partnership formed with aspiration to contribute to Phnom Penh urban landscape with design-conscious and community-focused approach. ISI Land also developed Embassy Residences (Best Condominium Development) and Embassy Central (Best Residential Architectural Design) at Cambodian Property Awards.
• August Development Co. (ADC)coreStrategic or Co-development PartnerRegional developer partnering with ISI Land for Raintree project. Development experience from London, Kuala Lumpur, Miami and Phnom Penh. Partnership's first commercial property venture.
• USAIDminorOthersEvent partner for development sector events and programs hosted at Raintree.
• British EmbassyminorOthersDiplomatic event partner hosting events at Raintree event spaces.
• UNDPminorOthersInternational organization event partner for development initiatives.
• AmChamminorOthersAmerican Chamber of Commerce Cambodia event partner.
• EuroChamminorOthersEuropean Chamber of Commerce Cambodia event partner.
• Smart AxiataminorOthersLeading telecommunications company event partner and corporate tenant.
• Impact Hub Phnom PenhminorOthersEntrepreneurship ecosystem builder hosting events and programs at Raintree.
• SeedstarsminorOthersStartup ecosystem builder and event partner for entrepreneurship programs.
• Ministry of Education Youth and SportsminorOthersPublic institution event partner for government events.

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• WeWork: Global coworking brand with a design-conscious, community-led value proposition closely aligned to Raintree's positioning; competes for the same multinational and creative-class tenants and is a potential expansion threat in Cambodia.
• IWG (Regus / Spaces): Global flexible office operator with thousands of locations; the broad incumbent in the workspace-as-a-service space that Raintree competes against for multinational tenants, though IWG lacks Raintree's curated creative-design positioning.

Regional players

• Garage Society: Hong Kong-based flexible workspace operator with expansion across Asia Pacific; comparable design-led, community-driven positioning but geographically focused on Greater China rather than Cambodia.
• The Hive (The Hive Co.): Southeast Asia coworking operator with multiple locations primarily in Thailand and Vietnam; comparable design-conscious and community-led positioning, but operates in different geographies from Raintree's Phnom Penh base.

Direct peers

• The Executive Centre: Asia-focused provider of premium serviced offices and coworking space; comparable in targeting multinationals and design-grade interiors, with overlapping event space and virtual office offerings.
• Compass Offices: Premium flexible office operator serving multinational clients across Asia Pacific; comparable tenant mix and grade-A positioning, though focused on financial-services and corporate tenants rather than creative/NGO community.
• JustCo: Singapore-headquartered premium coworking and flexible office operator with locations across Southeast Asia; directly comparable business model, design-led positioning, and multinational tenant targeting as Raintree's core model.
• Servcorp: Premium virtual office and serviced office provider with global presence; overlaps with Raintree's virtual office offering and enterprise-grade client base, though Servcorp's model is more corporate and less community-driven.

Emerging players

• Hubud (Outpost): Southeast Asia coworking brand with Bali origins and regional expansion; comparable in targeting creative and digital nomad segments, but smaller and more fragmented geographically than Raintree's single-asset Cambodia base.
• Impact Hub Phnom Penh: Phnom Penh-based entrepreneurship and innovation community space; a current event partner of Raintree, competing in the same local market for impact-sector tenants and event bookings with a more niche, ecosystem-builder identity.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/raintreecambodia
• LinkedInlinkedin.com/company/raintree-cambodia

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Raintree Development