WeWork hits Melbourne’s Collins Street

WeWork hits Melbourne’s Collins Street

10 March 2017



WeWork — the New York City-based co-working business, which could soon be worth more than Snapchat —  is officially opening up shop in Melbourne’s premium Collins Street.

As reported by the AFR, “Melbourne is home to startups, big businesses, and creative entrepreneurs pioneering innovation across industries old and new,” said WeWork’s managing director for the Asia Pacific Ole Ruch.

“The city is a natural next step for WeWork and our growing Australian community, and we’ve seen great interest in a Melbourne location from both our existing Sydney community and Melbourne-based businesses alike.

“We can’t wait to see what new ideas and innovative products come out of WeWork Melbourne.”

WeWork, which began as a simple co-working space for artists, entrepreneurs, and freelancers, has rapidly expanded to more than 150 locations in 15 countries worldwide. Last year, the business raised $690 million at a valuation of nearly $17 billion.

Read the full article here.