Uber is looking for new space in London despite the future of its taxi service in the capital hanging in the balance as its 15-month probationary license nears its end.
The business, which has diversified from its taxi service in the capital to include food delivery and bike sharing, is understood to have appointed CBRE to help it find around 70,000 sq ft.
It currently occupies just over 26,000 sq ft in Aldgate Tower, E1, according to Radius Data Exchange.
In addition, some of its services, including Uber Ignition which helps potential drivers with various aspects of joining the firm, operate out of Beaufort House on 15 St Botolph Street, EC3, according to Uber’s website.
Uber, which has this week appointed Melinda Roylett as its new general manager for its taxi service in the UK and Ireland, will find out by the end of November if Transport for London will grant it permanent authorisation, extend its temporary permit or look to remove its license. It currently has more than 60,000 licensed private hire drivers and around 5m riders in the countries.
Earlier this month, it reported a $6.2bn (£5.1bn) loss before tax for the first six months of 2019. The majority of this loss was incurred during the second quarter of the year, which included $3.9bn of stock-based compensation expenses related to its floatation on the New York Stock Exchange in May.
Uber’s revenue, however, grew by nearly 18% to $6.3bn during the first half of 2019, compared to $5.35bn in 2018.
Uber was contacted for comment. CBRE declined to comment.
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