Blackwall Provides WOTSO WorkSpace Update

WOTSO’s rollout continues with the announcement today of its latest site located at Bondi Junction in Sydney’s Eastern Suburbs. WOTSO Bondi Junction sits metres from Westfield Bondi Junction and the Bondi Junction bus/train interchange. The new location brings WOTSO’s footprint to 13 sites with a footprint of 15,700 sqm.

 “We will house over 100 members and offer collaborative workspace, flexible office, event and meeting rooms” said CEO Stuart Brown. “There is nothing like WOTSO in Bondi Junction and this space, which should launch early in the new year, is really unique.”

“Adaptive reuse is the key to WOTSO’s model, both in terms of the premises we secure and our fit out,” said Jess Glew, WOTSO’s Director of Property. “In all our space we reuse as much of the existing fit out as possible and focus on the ‘rebirth’ element of it. We have built desks from data racks and walls from computer flooring.”

Most WOTSO sites are outside of the CBD and often located in premises not traditionally associated with office space. WOTSO Adelaide resides in a former school hall and laboratory, WOTSO Pyrmont is in the old Fox Sports TV studios and WOTSO at the Bakehouse Quarter is in Arnott’s former baking rooms which were used to produce Tim Tams and Iced Vovos.

Co-working is said to have begun in the GFC with landlords and entrepreneurs establishing ‘group offices’ in vacant or disused space. “In some cases, we think the co-working space is getting a little carried away, in that a high-end fit out does not generally lead to premium revenue,” said Mr Brown. “At each WOTSO we match the fitout and revenue.”

The term ‘co-working’ describes a very broad range of operations from traditional CBD offices through to start up incubators. “WOTSO was established to offer a new style of office leasing deal for small to medium organisations and corporates alike. Our month to month arrangements allow an all-inclusive and low risk option for all types of business. Because of this, we are attractive to tech start-ups but they make up less than 10% of our revenue.”

WOTSO Bondi Junction will be located in the space formerly occupied by the Cha Li Boi Chinese Restaurant on Bronte Road in the Easts Leagues Club. The two organisations will have a close collaboration with WOTSO membership, including membership to the Easts Club. “We are happy to welcome WOTSO to the club and see it as a great addition to the amenity available to members in and around the club,” said Easts Group CEO Scott Bennetts.


The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). The information on this website has been prepared from a wide variety of sources, which Kalkine Pty Ltd, to the best of its knowledge and belief, considers accurate. You should make your own enquiries about any investments and we strongly suggest you seek advice before acting upon any recommendation. Kalkine Pty Ltd has made every effort to ensure the reliability of information contained in its newsletters and websites. All information represents our views at the date of publication and may change without notice. To the extent permitted by law, Kalkine Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services. There may be a product disclosure statement or other offer document for the securities and financial products we write about in Kalkine Reports. You should obtain a copy of the product disclosure statement or offer document before making any decision about whether to acquire the security or product. The link to our Terms & Conditions has been provided please go through them and also have a read of the Financial Services Guide. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s