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WeWork holds a staggering 181 office locations in 47 cities, establishing it as a major league player in the real estate industry. The company has now taken on an additional 72,000 sq ft in the Vivo Building to add to its empire. The new location will be the firm’s second on London’s South Bank, and will be able to accept an extra 1,000 new WeWork members.
Patrick Nelson, Head of Real Estate for WeWork in Europe, says; “WeWork South Bank has been a great success and is home to a thriving community, so we’re excited to expand our presence in the neighbourhood with WeWork South Bank Central”.
Eugene O’Sullivan, leading Chartered Surveyor and Managing Director at Morgan Pryce, explains; “Just a few years ago, serviced offices like WeWork were almost non-existent. The WeWork concept is unique, creating opportunities for the start-up generation”.
South Bank Central is being fully refurbished by its owners, Hermes Investment Management and Canada Pension Plan Investment Board, to provide 220,000 sq ft of office space and ample opportunities for further developments to take place.
This news was brought to you by Morgan Pryce, a specialist tenant acquisition agent with offices in Oxford Circus and the City. Morgan Pryce specialises in search, negotiation and project management and works exclusively for tenants.