Entrepreneur working from a co-working hub
Global space, community, and services company WeWork has announced its next location, Shaftesbury Avenue.
WeWork will be refurbishing 125 Shaftesbury Avenue, which is owned by Almacantar, and is situated in Soho, London.
It's 140,000 sq ft, and close to excellent transport links including the upcoming Crossrail at Tottenham Court Road, and amongst the theatres of the West End and the city’s best bars and restaurants.
WeWork’s Shaftesbury Avenue location is the 21st WeWork to be announced in the UK, where the company already has 14 open locations in London, which are home to over 15,000 members.
With over 140 physical locations across 15 countries and 45 cities around the world, shared workspace provider WeWork provides over 120,000 global members.
Patrick Nelson, head of Europe real estate at WeWork, said: “It’s been a pleasure to work with Almacantar. Both teams have worked well and efficiently together, and we anticipate that this new central location will be a hub for innovation and ideas.
"WeWork’s global community (from Seattle to Shanghai) will be able to connect with members of the local creative scene here in London in order to do what they love.”
Mike Hussey, chief executive, Almacantar, added: “WeWork’s creative offering will fit perfectly in this part of Soho as Crossrail shifts the centre of gravity for the West End further east towards Charing Cross Road.
"The co-working model is set to dominate the office leasing market for companies looking for more than just space.
"This transaction is in perfect harmony: It allows WeWork to satisfy the changing demands from occupiers and, at the same time, it supports investment value for Almacantar through a long-term lease across the whole building.”
BQ’s commercial property updates are supported by specialist lender Together, which provides funding to businesses and property investors nationwide. With over forty years’ experience in the financial services industry, Together offers short-term finance, auction finance, buy-to-let, residential and commercial mortgages and secured loans.
For more information visit www.togethermoney.com
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