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WeWork Expands to New Market with Opening of First Taiwan Location

December 19, 2019 GMT

NEW YORK--(BUSINESS WIRE)--Dec 19, 2019--

WeWork, the world’s leading coworking and space-as-a-service platform, today announced the opening of its first Taiwan location. The new building, WeWork 97 Songren Lu, occupies eight floors of Exchange Square 2 in the heart of Taipei’s financial and business community.

WeWork 97 Songren Lu is part of WeWork’s record number of new buildings in December, with 52 buildings opened in cities across the world and plans to open more before year-end.

“As we continue to grow geographically in a smart and innovative way, we are pleased to open our first-ever WeWork in Taiwan, bringing beautiful, intelligently designed workspace to member companies of all sizes seeking a flexible real estate solution,” said Sebastian Gunningham, Co-Chief Executive Officer. “This new location in the city of Taipei provides a home to a strong community of entrepreneurs and businesses and expands our worldwide platform to better serve our members’ evolving, global workspace needs.”

WeWork’s expansion into Taiwan, an innovation hub and home to local and foreign businesses alike, was driven by strong market demand for space that supports productivity, community and growth of companies of all sizes. CloudMinds, a builder and operator of an open end-to-end cloud robot system, and Medical Augmented Intelligence, a software startup dedicated to creating VR-based solutions for health practitioners, are just two of the innovative member companies in the new location.

The Company plans to continue expanding its core WeWork platform globally, pursuing profitable, disciplined growth through market-driven models, including end-to-end solutions with long-term lease arrangements as well as revenue-sharing joint ventures and management and franchising agreements. A future shift to more asset-light models for growth is expected to improve WeWork’s long-term financial position while maintaining a consistent and exceptional member experience.

About WeWork

WeWork provides members with space, community, and services through physical and virtual offerings. Its mission is to create a world where people work to make a life, not just a living. WeWork has 625 locations in more than 125 cities and 33 countries. With more than 600,000 memberships, including global enterprises across multiple industries, WeWork is committed to providing members around the world with a better day at work for less.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191219005741/en/

CONTACT: WeWork

press@wework.com

KEYWORD: NEW YORK UNITED STATES TAIWAN NORTH AMERICA ASIA PACIFIC

INDUSTRY KEYWORD: COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY PROFESSIONAL SERVICES HUMAN RESOURCES

SOURCE: WeWork

Copyright Business Wire 2019.

PUB: 12/19/2019 03:47 PM/DISC: 12/19/2019 03:47 PM

http://www.businesswire.com/news/home/20191219005741/en