Property investment and development company Almacantar has pre-let over 280,000 sq ft at 2 Southbank Place to WeWork, the serviced office and co-working operator. WeWork will be joining Shell, which had already signed for 250,000 sq ft at 1 Southbank Place.
According to PropertyWeek, the agreement represents the largest deal in the market so far this year. Combined with the pre-let at 1 Southbank Place, Almacantar has now fully pre-let the office space at Southbank Place in Waterloo, a year ahead of completion.
2 Southbank Place will be the largest property in WeWork’s global portfolio, which includes locations in over 15 countries around the world.
‘1 and 2 Southbank Place are located in a new 1.4m sq ft mixed-use development next to the River Thames and Waterloo station, being delivered by Canary Wharf Group and Qatari Diar.’
Mike Hussey, chief executive at Almacantar, commented: “WeWork is an admirable brand, and the perfect occupier for Two Southbank Place. The commitment from Shell and WeWork at Southbank Place support our conviction that Canary Wharf Group and Qatari Diar are creating one of the highest quality mixed use projects in central London.
“A whole cross-section of London’s office occupiers are adopting the co-working model as a way of managing costs and generating new business simultaneously. It is a growing part of the office letting scene and will get more popular as better and larger facilities open in accessible locations like Waterloo.”
Eugen Miropolski, managing director for WeWork in Europe & Israel, added: “We are incredibly proud to announce WeWork Waterloo at Two South Bank Place. WeWork Waterloo will be the largest location in our fleet and will represent the next iteration of the WeWork offering that will enable more members in our London community to create a life not just a living – a major hub for innovation, collaboration, wellness, work, and fun.
“This new location will be a base for UK businesses as they grow, foreign companies that want to come to the UK, and major corporates seeking to integrate into our innovative community.”