New Era In Commercial Real Estate? Amazon Taps We-Work For Expansion Of Office Space In London
Portfolio Pulse from Anusuya Lahiri
Amazon has agreed to take 70,000 square feet of office space from WeWork at Moore Place in London. The space can accommodate about 1,000 people, and the deal includes an option to take on more space in the building.
May 24, 2023 | 4:09 pm
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POSITIVE IMPACT
Amazon expands its London office footprint by taking 70,000 sq ft of space from WeWork at Moore Place.
The deal with WeWork shows Amazon's commitment to office-based working and its expansion plans in London. This could positively impact Amazon's stock price in the short term as it indicates growth and commitment to its business strategy.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
WeWork secures a deal with Amazon to provide 70,000 sq ft of office space at Moore Place in London.
The deal with Amazon is a positive development for WeWork as it secures a major client for its London office space. This could positively impact WeWork's stock price in the short term as it demonstrates the company's ability to attract large clients and generate revenue.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80