American shared workspace provider WeWork is setting up its first South American office in Buenos Aires, Argentina. The office will be located in the new Bellini Tower and is likely to be up and running by the end of May this year.
“With sweeping views of the city and space for teams up to 100 people, it will be a cornerstone in a dynamic neighborhood where Argentines can work, live, shop, and be inspired,” Pato Fuks , CEO of WeWork, has written in his blog.
According to Argentinean media, WeWork has informed President Mauricio Macri that it would invest 250 million pesos (approximately US$15 million) for the new office. The office will be spread across 12,000 square meters and will have 2,000 desks available to rent.
Founded in 2010, WeWork provides shared workspace, community, and services for entrepreneurs, freelancers, startups and small businesses. Some of its members also get access to health insurance, an internal social network, social events and workshops, and an annual summer retreat.
The company is also looking at buildings in Lima and Bogota, in addition Brazil. According to Bloomberg, WeWork is planning to open two locations in Sao Paulo in June, as well as in Rio de Janeiro by the end of the year.
WeWork began operation in Mexico last year with the launch of an office in Mexico City. Now, Bloomberg says, WeWork is looking to open its third office in the country.