WeWork adds to growth of co-working office spaces in Australia

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Co-working office spaces continue to build a presence across Australia with New York-based provider WeWork opening its first location in Sydney.

WeWork describes itself as a platform for creators, providing over 70,000 members around the world with space, community and services through both physical and virtual offerings. The company has more than 100 physical locations in 12 countries around the world.

The design of the inaugural space in Australia, which is located at 5 Martin Place in Sydney’s ‘Moneybox Building’, takes cues from the building’s banking history, according to WeWork.

“For instance, the hot desks on the main floor were inspired by the old bank teller desks that can still be seen in the lobby,” WeWork outlines.

WeWork's first Australian location is at 5 Martin Place in Sydney.

WeWork’s first Australian location is at 5 Martin Place in Sydney.

The co-working space is expected to home more than 700 new WeWork members, who will also gain access to the 100-plus other locations around the world. WeWork Martin Place features wi-fi throughout the space, coffee, water and beer from local breweries.

“WeWork encourages collaboration through the design of its locations (ample common space; glass throughout); the community team; programming and events; and the digital network. We see that more than 70 percent of WeWork members collaborate with other members,” the company reported.

A community team, which acts as office managers, event planners, and business matchmakers, staffs each WeWork location.

WeWork plans to open a second location, with capacity for at least 1800 members, at Pyrmont in Sydney during November.

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