WeWork have signed an agreement with Kennedy Wilson Europe (KWE) to take-over their whole premises at Friars Bridge Court in London’s Waterloo. The building will be taken over by WeWork to add to their serviced office portfolio. The eight-storey building will offer a mix of private offices and coworking spaces to let for companies of all sizes. The acquisition of the premises means that WeWork now have a total of 41 premises in London. The new site is likely to open early in 2021 after undergoing a full refurbishment across the whole building.
Currently, the Kennedy Wilson Europe owned building has a portfolio of short-term tenants. There is also over 7,500 square feet of leisure and retail space on the ground floor of the building. The Blackfriars Road premises are close to Waterloo train station and Blackfriars and Southwark underground stations, making the offices a great option for companies looking for easily accessible flexible office space.
The Head of Asset Management for Kennedy Wilson Europe, Mike Pegler, spoke of their excitement to be working with WeWork – their biggest tenant of 2018 so far.
Kennedy Wilson Europe are keen to work with providers that improve the local area as well as just taking over their building space. They want to offer improvements to local amenities which is why they were so keen to work with WeWork on their Friars Bridge Court building. They believe it will be a popular choice for members, which will help to enhance the local community – bringing in people to the local area too.
WeWork have also recently revealed they are opening another Waterloo building, which will be open early next year. Located at 2 Southbank Place, the property will be their largest so far in their global portfolio.