Twitter has backtracked on its decision to move into a new London office just days after rival Facebook announced plans to move into the same building.
The micro-blogging site, which listed itself on the New York Stock Exchange last week and raised up to $2.1 billion (APS1.3 billion) in the process, signed a deal in July to move into the 18,000 square foot Regents Place office next to Euston as part of its UK expansion.
However, according to Property Week, the company no longer wishes to occupy the space on ninth floor of the building at 10 Brock Street. Instead, Twitter is reportedly looking to sublet the space, which is also down the road from Google's new APS650 million UK headquarters in King's Cross.
Twitter's decision follows confirmation that Facebook has taken 88,000 square foot over three floors in the building directly below Twitter.
Twitter is reportedly looking for a new location in London's West End after outgrowing its original site on Great Titchfield Street in Fitzrovia. Indeed, it is understood that Twitter's property agent Jones Lang LaSalle is now searching for a new 30,000 sq ft space somewhere between Soho and King's Cross.
Twitter did not respond to requests for comment.
This story, "Twitter Backtracks on London Office After Facebook Signs Deal to Move Into Same Building" was originally published by Techworld.com.