Workspace CEO: Wework recovery poses no threat to business as firm hikes dividend Property The chief executive of one of London’s biggest flexible hybrid providers, Workspace, said rival Wework has done a “lot of good things” for the sector as the chain emerges from Chapter 11 bankruptcy.
Wework founder Adam Neumann iced out of £359m bankruptcy deal Property Troubled office space provider Wework has unveiled a new plan to absolve itself from bankruptcy, and it does not involve Adam Nueman its founder who was looking to regain control of the business.
Helical extends London Wework lease amid takeover talks Property Property investment and development company Helical has extended its lease with Wework until June following a decision late last year to remove the struggling hybrid workplace provider after it could no longer pay its rent.
Wework founder Adam Nuemann bids to buy co-working firm back for £394m March 26, 2024 Wework founder Adam Neumann has submitted a $500m (£394m) bid to buy back the troubled coworking business.
As Wework’s troubles continue, the company’s competitors are taking advantage March 5, 2024 Troubled Wework is continuing to scale back its offices in London following the filing of bankruptcy in its home market of the US.
Fora chief: Wework trouble ‘doesn’t reflect the strength’ of London’s flexible market February 5, 2024 Enrico Sanna, the chief executive of Fora, said the troubled situation Wework is facing “doesn't reflect the strength of the market”.
Wework dragged to court over refusal to give up lease on London Southbank office January 24, 2024 Embattled co-working space Wework is being dragged to court because it is refusing to forfeit the lease at one of its most profitable locations on London’s Southbank, according to reports. Almacantar, the property developer who oversees the building at 10 York Road, has been trying to kick the troubled American firm out since it filed [...]
London office vacancy rates to rise in City, Wharf and West End amid Wework trouble January 22, 2024 London office vacancy rates are expected to rise by the end of the year, in another blow for the health of the capital’s commercial property market.
The five biggest global business meltdowns of the year December 28, 2023 City A.M. recaps the biggest global business nightmares of the year.
Lack of buyers for No 1 Poultry loan in worrying sign for City’s property market December 6, 2023 Bank of Ireland is trying to dodge a loss on a loan secured against No 1 Poultry, a worrying sign for London's commercial property market.