Netflix is ​​set to triple the London workplace area with a brand new headquarters


The Netflix logo will be displayed on a wall in the company's Japanese office in Tokyo.

Kiyoshi Ota | Bloomberg | Getty Images

LONDON – With coronavirus forcing some companies to downsize their physical offices, Netflix plans to triple the amount of office space in London and move to new UK headquarters, according to a report from Bloomberg.

The California streaming giant is reportedly planning to move to a new 87,000-square-foot building in London's West End. The property on Berners Street was occupied by outsourcing firm Capita until recently, but Netflix is ​​said to be taking over the lease.

Netflix did not immediately respond to CNBC's request for comment.

Netflix, which employs almost 300 people in the UK, currently leases around 30,000 square feet in two nearby buildings. It is said to continue to rent one of these and have around 100,000 square feet of office space in London in total after the changes.

"As part of our ongoing commitment to the UK, we look forward to expanding our operations in London," a Netflix spokesman told Bloomberg.

While some companies have chosen to work remotely, Reed Hastings, co-CEO of Netflix, is not a fan. Last month, he told the Wall Street Journal that being unable to meet people in person is a "pure negative". At the time, he said, many companies will have employees working four days in the office and one at home.

Capita is now about to close a third of its UK offices, according to the BBC.

Read the full story about Bloomberg here.


Katherine Clark