Digital (music) service business Spotify is about to reach a deal in agreement of a lease with property investor Blackstone, to take almost 60,000 square feat at the Adelphi Building overlooking the Thames. Property sources from the West End stated that the move from Argyll Street, currently occupying around 20,000 square feet, to the art deco would give the business space for 'significantly' more employees. This would help complement the increase in staff numbers in the UK which the company has been seeing. As stated in the report: 'The company’s primary focus is to continue its rapid growth and increase the number of users and subscribers in the UK.'
- Spotify was valued at $8.5 billion (£6.6 billion) in a recent funding round, and has 18 offices globally
- Spotify's most recent UK accounts show that staff numbers in Britain rose to 180 in 2015, up from 167 a year earlier.
This article is representative of the ever-so quickly increasing growth of Spotify. To help accommodate the increase in employees that they've been having in the UK, the poised move would help in boosting this even further. This story comes at a time when Spotify has been said to be currently eyeing a listing with them being valued at a whopping £6.6 billion with 18 global offices.
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