WeWork, a shared workspace and community company, and Aviva Investors, the global asset management business of Aviva, have entered into a lease and revenue share agreement at 50/60 Station Road, a landmark office redevelopment in the center of Cambridge in the United Kingdom.
The agreement, a first for WeWork outside of London within the United Kingdom and Ireland, follows similar deals that it has entered in London and in other markets across the world, allowing landlords the opportunity to share in the upside that WeWork generates.
WeWork has agreed to lease three floors at 50/60 Station Road, a class A office building developed by Aviva Investors and Brookgate that is almost 90 percent let to a range of national and international occupiers. The building forms the centerpiece of the CB1 estate, a market-leading, mixed-use regeneration scheme being delivered around Cambridge train station, the city’s central transport hub.
The WeWork offering, set to open in
