INDUSTRY NEWS

Uber to relocate to bigger London offices

Taxi app firm Uber are to double their office space in London to 40,000 sq. ft in a relocation from Kings Cross to Aldgate.

The upgrade comes in the wake of their rapid growth and development within London, as well as the rest of the world, which has seen their profits rise significantly. They currently operate in more then 58 countries worldwide.

The taxi app firm, whose current offices are located in a 20,000 sq. ft property in north London, was founded by the creator of Stumbleupon, Garret Camp, and partner Travis Kalanick from Swoosh, in 2008. It’s value rates and user-friendly smartphone service have contributed to its popularity and growth within London and the UK.

Moving to the new 40,000 sq. ft of office space in Aldgate Developments’ Aldgate Tower, Uber will be joining other companies including WeWork, a real estate firm offering high end office space to start-ups. The offices lie only a 6 minute walk away from Liverpool Street Station and the tech hub of Shoreditch. Uber were advised by property agent BNP Paribas Real Estate.

Chief executive of Uber, Travis Kalanick, has estimated that the service could create up to 50,000 jobs in tandem with their current growth and development.

By: Kirsty MacGregor

News bought to you from DeVono Cresa, the award-winning commercial property advisers, specialising in Central London office, retail and leisure space.