2 Southbank Place, owned by Almacantar, has had a large chunk of its space pre-let by WeWork. The property investment company have been working on the development and no doubt will be pleased to have let 280,000 sq. ft. of space to WeWork – who plan to use the space as co-working offices and flexible working space. This is the second big signing that Almacantar have had, recently letting 250,000 sq. ft. of space at the building next door to Shell.
The 2 buildings at Southbank Place are ideal for office space as they are so close to Waterloo Station, The River Thames and a number of local amenities. They will be located on a newly built development of mixed-use buildings spanning nearly 1.5m sq. ft of space.
Reports by PropertyWeek say that the agreement between WeWork and Almacantar is the largest property agreement in the market this year. Together with their agreement with Shell to let out the building next door, Almacantar has now pre-let all of the office space – with the offices not even set to be completed for another 12 months.
The addition of Southbank Place to the WeWork portfolio is its largest building yet. They have been recently expanding the office space they offer, with flexible office spaces now open in 15 locations worldwide.
Managing Director at WeWork Europe, Eugen Miropolski, has spoken about how proud they are to be able to announce the latest WeWork offices, especially as it is their largest location so far. They plan to open a really innovative office space, which offers more than just places to work from. They want to turn it into a local hub that the surrounding community can embrace and make use of. They will be creating opportunities for work, fun and wellness. They plan to use this as the main hub for their business, putting themselves in the great position of being able to expand WeWork throughout the UK and worldwide.