WeWork continued to press ahead with its expansion plans in the London office market over the Christmas period, agreeing two new lettings.
The flexible serviced office provider is understood to have agreed to take space at Manor House, 21 Soho Square, W1, and 77 Leadenhall Street, EC3, near Aldgate Station totalling 74,301 sq ft.
The latest addition to its West End offering will provide 498 desks across eight floors, while the new City location will create space for 812 desks across 14 floors.
In the run up to Christmas WeWork also finally agreed to take a sublease of 160,000 sq ft at European Land’s 5 Merchant Square, W2, from Marks & Spencer, as well as confirming its deal to lease Tesco Pension Fund’s 66,000 sq ft Dalton Place in Manchester and plans to occupy more than 100,000 sq ft at the Charlemont Exchange in Dublin’s Silicon Docks.
The latest deals take WeWork’s number of serviced office locations in the UK and Ireland to 45, of which 37 are open.
Patrick Nelson, executive vice president real estate for Europe and Australia at WeWork, said: “The UK and Ireland remain very promising for us in terms of our expansion.
“We have seen our membership grow from 15,000 to 35,000 in the last year and our offering expand to larger enterprise companies, which now represent more than 30% of our global membership. We are excited to continue expanding across this region, and growing our community.
“From our five deals signed in the last five weeks, we’re thrilled to be adding a further 8,111 desks to our UK and Ireland portfolio; including buildings like Merchant Square in London – one of our largest markets outside of the US – which alone will be home to several thousand members, and Dalton Place, the first location in Manchester where we have taken the entire building. We are extremely committed to this region and our active community here.”
To send feedback, e-mail louise.dransfield@egi.co.uk or tweet @DransfieldL or @estatesgazette
