EMA confirms WeWork as new sub-tenant for 30 Churchill Place; EMA also settles court case with Canary Wharf Group
The European Medicines Agency has reached an agreement with Canary Wharf Ltd over its premises at 30 Churchill Place, London, in accordance with the discussions held with the EU budgetary authorities.
EMA announces today that it has sublet all of its 284,704 square feet (26,450 m2) of accommodation at 30 Churchill Place to WeWork. WeWork will take a new sublease from EMA for a term to the expiry of EMA’s lease in June 2039. WeWork is commencing the fitting out and is looking to open in December 2019.
EMA relocated to Amsterdam in March 2019 as a consequence of the outcome of the UK‘s referendum on its EU membership. The lease on its Canary Wharf premises runs until 2039 and does not contain a break clause, but the premises can be sublet or assigned subject to the landlord’s consent.
EMA has simultaneously agreed with Canary Wharf Group that it will withdraw its appeal against the decision of the High Court that Brexit would not frustrate the EMA lease at 30 Churchill Place. The original High Court decision will therefore still stand.