Spotify plans a London relocation

Spotify is reportedly making plans to lease a new office space in London. The company is in advanced negotiations for a 60,000 square foot space, three times the size of its current office in the UK. If the move goes forward, Spotify will be sharing a building with publishers Conde Nast and The Economist, as well as financial PR firm Finsbury.

This is the second real estate development for the streaming service this year. In February, Spotify announced plans to switch offices in New York City, where it expects to add 1,000 new jobs to its team.