WeWork, a shared workspace company with over 466,000 members, is opening in Cape Town – its second city in South Africa.
In Cape Town, WeWork will be take four floors of the eleven floors at 80 Strand on a long lease agreement that includes the option to take up more space in future. It is set to open in Q4 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.
“Since announcing our expansion to South Africa, we’ve seen great interest from companies of all sizes, including Naspers, who will be moving into our first location in Johannesburg later this year,” said Patrick Nelson, head of WeWork EMEA.
“We recently found that 54% of members globally credit WeWork for accelerating their company’s growth. Companies – both small and large – use our global membership to connect with each other, support each other’s growth, and network with like-minded individuals.”