WPP to open new campus in San Francisco
August 29 2019 - 10:00AM
Business Wire
WPP (NYSE:WPP) WPP will create a co-location campus in the heart
of the US tech industry that will house over 1,000 people from its
companies in San Francisco.
WPP will lease 115,000 square feet at 360 Third Street, a
recently redeveloped building located in the South of Market area
(SOMA)/Finance and Technology district. It will feature intelligent
and flexible co-working areas that encourage closer collaboration
and inspire greater creativity. The move will be completed in the
third quarter of 2021.
Mark Read, CEO of WPP, said: “Technology, and technology
clients, are critical to WPP’s strategy as we continue to evolve as
a creative transformation company. The sector contains potential
partners for WPP companies who are helping their clients deal with
technology-disrupted markets, and potential clients in a growing
category. The San Francisco Campus gives us a base to develop both
aspects.”
WPP lists 13 “big tech” companies among its top-100 clients.
WPP’s revenues from big-tech clients grew 16% through the first
half of this year. Exane BNP estimates technology as a $300 billion
market growing annually by 5-10%.
BDG architecture + design will design the interior office space
in collaboration with Universal Design Studios, both WPP companies.
The San Francisco project will target a “Gold” LEED rating.
When operational, the San Francisco Campus will be WPP’s ninth
in North America and the fourth to be unveiled in the last two
years. By 2023, there will be 85,000 people in 40 campus locations
worldwide. This year, in addition to San Francisco, WPP has
announced new co-locations in Düsseldorf, Paris, Manchester (UK)
and, most recently, Mumbai and Gurugram in India.
About WPP
WPP is a creative transformation company. We build better
futures for our clients through an integrated offer of
communications, experience, commerce and technology. For more
information, visit www.wpp.com.
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Kevin McCormack, WPP +1 212 632 2239 Kevin.McCormack@wpp.com
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