WeWork diversifies in Spain and enters 'corporate' with Headquarters

June 10, 2019
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This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

The buildings, with a surface of between 1,000 meters and 2,000 square meters, will be destined to one or two companies only, with contracts of between three and five years.

WeWork diversifies

WeWork, a flexible office space company, is planing to reach 30 buildings of this type in two years to meet the needs of medium and large companies seeking autonomy, according to firm sources to EjePrime.

The headquarters buildings will have a smaller area than most of the company's buildings, between 1,000 meters and 2,000 square meters. Instead of offering shared spaces, which until now characterized the company, these types of buildings will be aimed at one or two companies with rental contracts for a period of between three and five years.

This model, which plans to add 30 buildings in Spain in two years, allows companies to choose between the designs offered by the company, "optimized for different operating styles," according to the company. "Headquarters by WeWork integrates design and strategy in a workspace", details the corporate website of the company.

WeWork operates with this same model in the United States. In New York, the company has recently rented five plants at 550 on 7th Avenue, with 8,200 feet to 12,000 square feet (760 meters and 1,110 square meters) per floor.

The headquarters buildings of WeWork will be located in Barcelona and Madrid, cities where the company is based in Spain. Recently, the company has opened a new space at number 39 on María de Molina Street, in the Spanish capital. With the opening of this coworking, the company has nine open spaces in Spain.

Founded eight years ago by Adam Neumann, WeWork closed last year with losses of 1,930 million dollars (1,706 million euros) due to the large investment destined to its expansion on a global scale. On the other hand, the company doubled its revenues in 2018, to 1,820 million dollars (1,609 million euros).

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

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