Is WeWork taking it to the next level in the uk?
Bloomberg’s real estate and property investment reporter, Jack Sidders, had a bit of a scoop recently (October 27th), when he reported that WeWork, the global provider of coworking space and workplace services, was in exclusive talks to buy Devonshire Square "a 12-building campus in the City of London financial district from Blackstone Group” in a transaction aledgedly worth over £600 million.
If the deal comes to pass, it could be a game-changer for the property market in the UK. Such a transaction would take WeWork, its services and customer experience occupiers have come to expect, to another level. Put simply, the transaction would see the WeWork concept of 'Space as a Service' rolled out on a big scale.