Kafnu to open first Australian property in December

Australia: Kafnu in Sydney’s Alexandria neighbourhood is set to open in December, billed as Australia’s first coworking space with integrated hotel accommodation.

Taking up two floors of a three-storey building in the Dexus-owned 1.9-hectare business estate The Mill, the Kafnu complex at 41-45 Bourke Road will house 16 hotel rooms, coworking spaces, seven meeting rooms and private offices.

Other amenities include a gin and local craft beer bar, a virtual fitness studio, a media production studio, meditation room, phone booths, kitchen area and an events space in the atrium.

Kafnu Alexandria’s general manager Simon Hall said: “We’re not doing just coworking, we’re doing a private members’ club where you can go work in, socialise and collaborate with other members, so we’re not setting ourselves into that space because a slightly different person’s going to join here (compared with someone) who’s going to join just a coworking space, for example,” he said.

“Our structure is very different; you can’t drop in and work, it’s a members’ club,” he added. “What Kafnu’s doing that’s really different to traditional coworking spaces is creating a private members’ club first and foremost that’s for a specific market of the new generation of creators… called hyphenates; these are people with multiple interests, they want to explore, they want to discover, they want to grow themselves.”

Membership rates will cost AUS$750 a month, and $900 will give users access to a dedicated desk. Members are able to access any Kafnu property around the world.

Next Story Group, the company behind the Kafnu brand, is targeting a portfolio of 50 Kafnu sites in the Asia Pacific by 2021, with three venues currently operating across the region, including Hong Kong, Taipei and Bengaluru.

The group is “looking at establishing more Kafnu properties in key cities in Australia”, Hall said.

Next Story operates 25 hotels and motels across NSW, Victoria, Queensland, South Australia and Western Australia.

Click here to watch a video interview with Next Story group chief development officer Andreas Flaig discussing the Kafnu brand.

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