WeWork signs for refurbed City office

8th March 2016

US co-working giant WeWork has signed a deal to pre-let 37,000 sq ft of space at Beltane and Angelo Gordon’s 33 Queen Street in the City of London.

The building, which was bought by the joint-venture partners in December in a sale-and-leaseback agreement with the London Chamber of Commerce, is undergoing a comprehensive refurbishment on the 50,000 sq ft of space.

WeWork will sign for around £60/sq ft and will take occupation of the upper floors in the building next year once the refurb has completed.

The ground and lower-ground floors will be occupied by the London Chamber of Commerce, which signed a 150-year lease with Beltane as part of the sale.

The deal is the latest in a series for WeWork, which has grown its presence in the capital to more than 800,000 sq ft. It has also completed on its 97,000 sq ft deal at Waterhouse Square in Holborn, where it is due to open on 40,000 sq ft of space in July, with the rest in phases over the next 12 months.

GM Real Estate advised WeWork. Beltane was unrepresented

If you are interested in viewing other WeWork space in the City please call Gryphon Property Partners on 0203 440 9800 or click on the following link - Moorgate