Asia’s leading construction company S&techs acquires majority stake in regional design firm One Space

(12 January 2024, Hong Kong & Singapore) Asia’s leading Main Contractor & Construction Management company S&techs has acquired a majority stake in One Space, an acclaimed interdisciplinary design firm specialising in commercial interiors based in Hong Kong and Singapore.

S&techs’ strategic acquisition secures a majority share in One Space Limited, which has studios in Hong Kong, Macau and Singapore. One Space’s Co-founder and Director James Oliver will retire from his role, whilst Co-founder Greg Pearce will continue his position as Managing Director, leading the company’s regional businesses, including S&techs’ newly established design unit in Singapore, focusing on the region’s burgeoning design-and-build market. In addition to his leadership role at One Space, Pearce will become a shareholder of S&techs’ Singapore business.

“It’s our pleasure to welcome the One Space team into the S&techs family. This acquisition exemplifies our commitment to continuous innovation and the integration of wider industry expertise that truly adds value for our clients,” said Nobuo Shigemitsu, CEO of S&techs.

Prior to this investment in One Space, Shigemitsu founded Shenzhen- and Singapore-based REMOC Inc, an IT company specialising in AI and IoT product development for construction site safety management, in 2020. S&techs now applies a technology by REMOC to monitor building site safety round-the-clock.       

Shigemitsu continues: “Under Greg’s leadership, our design team will bolster S&techs’ design-and-build capability in Southeast Asia, whilst broadening our market share in Hong Kong and Macau. We look forward to presenting these best-in-class design-and-build services to our clients.”

“Having worked alongside One Space on a number of extraordinary projects over the years, this newly structured partnership is the next logical step in our journey,” added Mike Kavanagh, COO of S&techs. “Together, we are driven by our shared commitment to establish a more customer-centric model for delivering turnkey projects in response to increasing demand by our clients. It’s an exciting moment for our industry in Asia, and we are superbly positioned to build on the new opportunities we foresee.”

One Space was established in 2004 by James Oliver, a technology specialist from a Wall Street global investment bank, and Greg Pearce, a licenced architect. The company was founded as the only integrated architecture and technology solutions provider in Asia, designing transformational commercial and business interiors. Its diverse clientele ranges from start-up enterprises to established global brands such as KPMG, Bank of China, The New York Stock Exchange, Zegna, Bank Julius Baer, Hang Seng Bank, Estée Lauder, Citibank, MetLife, Tencent, and several other multinational, regional and local companies. “We are thrilled to join the S&techs family, with whom we have collaborated over the past 12 years to deliver bespoke, award-winning projects for our multinational clients across consumer, financial and professional services sectors,” said Greg Pearce, One Space’s Co-founder. “Interdisciplinary design is at our core, and this partnership takes our mission to the next level. As part of the S&techs team, we are empowered by the region’s best construction talent to deliver seamless end-to-end services to our customers seeking effective, long-lasting interior solutions, all whilst bringing ‘design’ back to the forefront of the design-and-build procurement model.”