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Netflix is ​​reportedly expected to triple its London offices with a new headquarters

The Netflix logo is displayed on a wall at the company’s Japanese office in Tokyo.

Kiyoshi Ota | Bloomberg | Getty Images

LONDON – As the coronavirus forces some companies to downsize their physical offices, Netflix is ​​planning to triple the amount of office space it has in London and move to a new location in the UK, according to a Bloomberg report, citing familiar sources with the situation.

The Californian streaming giant is reportedly planning to move to a new 87,000 square foot building in London̵

7;s West End. The property, located on Berners Street, was occupied by the 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 has nearly 300 employees in Britain, currently leases around 30,000 square feet in two neighboring buildings. It will reportedly continue to rent one of these and will 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 are thrilled to expand our operations in London,” a Netflix spokesperson told Bloomberg.

Although some companies have adopted remote working, Netflix co-CEO Reed Hastings is not a fan. Last month he told the Wall Street Journal that not being able to meet people face-to-face is a “pure negative.” At the time, he said many companies will have staff who will work four days in the office and one at home.

Meanwhile, according to the BBC, Capita is closing a third of its UK offices.

Read the full Bloomberg story here.

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