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.
Workspace Group reports ‘resilient’ customer demand in the fourth quarter Property Flexible office space provider Workspace Group reported resilient customer demand in the fourth quarter ending March 31st, completing 343 new lettings.
Wework founder Adam Nuemann bids to buy co-working firm back for £394m Property Wework founder Adam Neumann has submitted a $500m (£394m) bid to buy back the troubled coworking business.
A warning for Wework: Taking back your ex is a recipe for heartbreak February 14, 2024 Taking back an ex can be tempting, but Wework must remember why things didn't work out with Neumann in the first place, writes Michelle Traylor.
Adam Neumann wants to buy Wework out of bankruptcy February 6, 2024 Adam Neumann is trying to buy Wework out of bankruptcy, the company he founded and was later ousted from, according to reports.
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.
New flexible office space coming to Liverpool Street after Wework’s bankruptcy November 28, 2023 The site was designed by architects at dMFK, and is part of British Land’s 32-acre Broadgate site, which hosts top financial, legal, tech and media firms, as well as well-known retailers.
Wework collapse hits Helical as vacancy rate set to reach 25 per cent November 22, 2023 Helical said that vacancy across its portfolio will rise by 25 per cent once its agreement with Wework and Baker McKenzie come to an end.