WeWork Lands £55.7 Million In London Brexit Deal

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[bctt tweet=”WeWork is set to land £55.7 million (€62m) from the European Union after taking over the lease of the European Medicines Agency’s (EMA) former London headquarters.” username=”allwork_space”]

In light of Brexit, the UK’s pending departure from the European Union, the EMA has been forced to drop the £500m lease it had agreed in 2011 and is relocating to Amsterdam.

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The EU’s draft budget for 2020 revealed it had allocated this figure in “financial inducements” for the new sub-tenant for the financial year 2019/20.

WeWork will take over 30 Churchill Place in Canary Wharf, London, under a sublet agreement. The space totals 280,000 sq ft, and once refitted, will create one of the world’s largest flexible office spaces.

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