UK Office Space News

Facebook has announced plans to relocate its London base from Soho to Covent Garden.

The social media giant will lease a 36,000 sq ft building in Central London in 2012.

Facebook has announced it will relocate its current London base off Carnaby Street in Soho to Covent Garden in January 2012.

The social networking conglomerate has shunned Shoreditch’s Silicon Roundabout in favour of a 36,000 sq ft listed office property in the heart of Central London. In addition to the relocation of its 70-strong UK advertising sales team, the company is expected to recruit new staff as part of the expansion in the next 12 months. (more…)

For a long time now businesses have been frowned upon for sharing office space. It doesn’t matter if the shared office space is a solution to a tight budget or if the two firms are simply working side by side because they need to work closely together; sharing office space is regularly regarded as a sign of a failed business.

But this shouldn’t be the case. Sharing or subleasing office space can be a great way to cut costs and can be a fantastic way to encourage business interaction. Some of the world’s major businesses actually work from the same building as some of their affiliates because they’re keen to expand and grow with the times. (more…)