WeWork arrives in Cape Town, South Africa

WeWork recently announced that it plans to expand its services into Cape Town in South Africa, where it will bring in 590 new members.

According to its website, WeWork provides office space to small businesses with technological support and other amenities included.

In a statement from the company, WeWork said it will take four of the 11 floors at a property on 80 Strand on a long lease agreement. The statement said the lease agreement includes the option to take up more space in future. It is set to open in the fourth quarter of 2019.

The announcement of the Cape Town offices comes after the company successfully opened offices in Johannesburg, which it says Naspers is expected to move into.

Patrick Nelson, Head of WeWork’s real estate unit in Europe, the Middle East and Africa said the company has seen interest from companies of all sizes, including Naspers, who would be moving into its first location in Johannesburg later this year.

"As WeWork prepares to launch its first location in South Africa, we’re pleased to announce our expansion to Cape Town. Not only is it a flourishing city in terms of culture and opportunity, but for business, it’s a central point for entrepreneurs and large companies to be based," said Nelson.

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