Global space, community and services specialist WeWork is to launch at a fifth site in Manchester having agreed a deal for a property located on a city centre tram route. The company is leasing the entire space at Hyphen on Mosley Street and will be welcoming more than 1,000 new members over 13 floors in the first quarter of 2020. The building has undergone a £10m refurbishment and extension, including the addition of a seventh floor and roof terraces with views towards St Peter's Square. David Kaiser, head of real estate for UK and Ireland at WeWork, said: "Forty-five percent of WeWork member companies say that WeWork helped accelerate their growth, and expanding our portfolio in Manchester not only proves our dedication to the city, but also provides opportunities for both new and existing members who can use the space to network and collaborate within the WeWork community. "I look forward to welcoming new members to 75 Mosley Street and continuing to grow our community in Manchester and across the UK and Ireland." A spokesperson for Boultbee Brooks Real Estate (BBRE) added: "The location of Hyphen, 75 Mosley Street will offer WeWork and its members another fantastic location in Manchester's city centre. "The flexible workspace market is rapidly expanding in Manchester and this deal with WeWork is a testament to both the quality of the building and the opportunities in this market." BBRE was advised by OBI and Savills. JLL advised WeWork. WeWork has more than 30 locations across the UK, including Dalton Place in Manchester, which will be home to more than 2,000 members and be its largest site in the city.
WeWork has signed a lease on Hyphen, a 13-storey property located on Manchester’s Mosley Street. The company is the first to sign up for the new building at the site of an old car dealership and will occupy about half of the building.