Kennedy Wilson Europe has signed a new lease with WeWork for Friar Bridge Court on London’s Southbank. The flexible office provider will occupy all eight floors at Friar Bridge Court, providing private offices and shared workspace for start-ups to large companies.
Friar Bridge Court will be the provider’s 41st centre in London and is expected to open in early 2021 following a comprehensive refurbishment of the property.
The office tower is currently leased to a range of tenants on short term leases and the ground floor also contains 7534 sq ft of retail and leisure space. The property is situated on Blackfriars Road with close proximity to Southwark and Blackfriars underground stations as well as Waterloo mainline station.
Mike Pegler, head of asset management at Kennedy Wilson Europe, said: “We are excited to have now concluded our first UK deal with WeWork, which also represents the largest letting of 2018 in this core Southbank market. We believe the ever-improving offer and local amenities of this location makes Friars Bridge Court work perfectly for WeWork’s members, which in turn will further add to the vibrancy of the area.”
“London’s Southbank is an important location for us in terms of community, adding Friars Bridge Court to our portfolio proves our commitment and dedication to this area and the city as a whole,” Patrick Nelson, head of real estate for WeWork EMEA & Australia, added.
WeWork also recently announced that Two Southbank Place in Waterloo is set to open next year, which will be the largest property in their global portfolio.