WeWork has secured its second Manchester location, taking 40,000 sq ft at Deka Immobilien’s One St Peter’s Square.
Deka Immobilien acquired the 288,000 sq ft building for £164m in 2016 from the German open-ended real estate fund WestInvest InterSelect.
The deal brings the building to 85% let, with one floor vacant. Existing tenants include KPMG, DLA Piper, Addleshaw Goddard and Mazars.
WeWork’s One St Peter’s Square location is the 25th WeWork to be announced in the UK, where the company already has 16 open locations in London. It follows a deal earlier this year to open a 60,000 sq ft WeWork at Allied London’s No. 1 Spinningifelds in Manchester.
The co-working provider will also be taking 30,000 sq ft in WestInvest’s 5 star Kings Place office building next to King’s Cross. WeWork’s space includes a terrace, which has amazing views across London. Members will also have access to the building’s two concert halls, art galleries, cafe, waterside restaurant and award winning conference and events facilities.
Mary Finnigan, European director of transactions for WeWork said: “Manchester was an obvious choice for our second UK city because of the fantastic tech network and business opportunities in the city.
“We’ve seen huge interest from members after the announcement of our first location. It’s also very important to us to build a community around our locations, so we’re thrilled to be signing our second location so soon after the first.
“Additionally, we’re excited to announce our first Kings Cross location as it’s somewhere our members have been keen for us to move into for some time. Beyond the best-in-class building, the area is a hub for entrepreneurs, start-ups and larger businesses, with fantastic transport connections. We’re looking forward to adding to our membership base in this vibrant, fantastic location.”
Savills advised Deka.
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