Facebook : looking to expand into new London office space
September 10, 2021 at 11:01 am EDT
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Facebook is readying to grow its London presence with plans to move into a new office block near its current Brock Street base.
The tech giant is reportedly looking to move into all of the space at 1 Triton Square, which is owned by British Land.
Media company Dentsu Aegis had signed a prelet on the 310,000 sq ft space four years ago but has decided to remain at its current office. An increase in home-working means it does not need the expansion anymore.
A Dentsu International spokesperson told Estates Gazette: “We have committed to a new hybrid model of working that blends both office and remote working, providing flexibility and balance for our people.
“This change has provided an opportunity to re-evaluate our property requirement and we have negotiated with British Land to remain with our current lease agreements at 10 and 20 Triton Street.”
The reports come after Snapchat and Tiktok both expanded their London presence earlier this year.
In July, the social media firm told employees “anyone whose role can be done remotely can request remote work”.
Facebook chief executive Mark Zuckerberg told Facebook staff he was intending to spend up to half of 2022 working remotely.
The post Facebook looking to expand into new London office space appeared first on CityAM.
Meta Platforms, Inc. specializes in online social networking services. Net sales break down by activity as follows:
- operation of social networking, messaging, photo and video sharing platforms (98.6%): operation of the Facebook, Instagram, Messenger, Threads and WhatsApp platforms (3.98 billion monthly active users in 2023) ;
- sale of virtual and augmented reality products, software and devices (1.4%): virtual reality headsets (Meta Quest), connected screens (Facebook Portal), wearable devices, etc.
Net sales break down by source of income into advertising spaces (97.5%) and other (2.2%).
Net sales are distributed geographically as follows: the United States and Canada (39.2%), Asia-Pacific (26.8%), Europe (23.1%) and other (10.9%).