WeWork, the fast-growing US shared office group, is to open its largest location worldwide on London’s South Bank as the UK capital’s office market shifts towards flexible space.
New York-based WeWork said it had agreed to lease 280,000 square feet in Two Southbank Place, close to Waterloo station, from property developers Almacantar, the latest step in a London push that has involved opening 14 locations in two and a half years.
The deal is London’s largest leasing agreement this year, in a sign of the growing prevalence of flexible operators in a market normally dominated by financial services groups, technology and media companies.