RocketSpace, the San Francisco technology campus that has been the home to tech startups including Uber, Blippar, and Spotify, is expanding to the UK.
A Penningtons Manches multidisciplinary team advised RocketSpace on its deal with the campus’ development partner, the Royal Bank of Scotland, to open and operate a large tech campus in the Regents House in Angel, London.
London is San Francisco-based RocketSpace’s first location outside the US and the UK campus will initially house up to 1,500 people at its opening in early 2017. Since its founding five years ago, RocketSpace has supported more than 750 high-growth tech startups.
In the company’s announcement, Duncan Logan, Founder and CEO of RocketSpace said, "London's tech community continues to rapidly expand and drive innovation. Creating a physical presence here is critical to our expansion strategy and mission to build an ecosystem for innovation to thrive, across a global network of campuses. We are very excited about working with London's tech entrepreneurs, who are creating some of the most disruptive technologies of the future."
In regards to RocketSpace’s engagement with Penningtons Manches, Logan added: “We are delighted to have worked closely with the inward investment team at Penningtons Manches who provided us with vital legal support for this major business transaction.”