Reading Time: < 1 minuteUK: Flexible workspace provider Industrious has taken more than 70,000 square feet at Royal London Asset Management Property’s 131 Finsbury Pavement scheme.
Reading Time: < 1 minuteUS: WeWork says it expects to be out of Chapter 11 bankruptcy by the end of next month, having renegotiated or exited 90 per cent of its leases.
Reading Time: 2 minutesUS: WeWork co-founder Adam Neumann is attempting to buy the company out of bankruptcy.
Reading Time: 1 minuteUS: WeWork, which was once valued at $47 billion, has been filed for bankruptcy in the US.
Reading Time: < 1 minuteUS: Reports from the US suggest that WeWork plans to file for bankruptcy as early as next week.
Reading Time: < 1 minuteZoe Ellis-Moore, co-founder and CEO of Spaces to Places, talks to ULN about the rise and fall of WeWork, its potential implications for flex workspace, and what needs to happen for the sector to become an institutional asset class.
Reading Time: < 1 minuteWorldwide: WeWork has decided not to make interest payments totalling around $95 million, and has announced the closure of one of its major London properties.
Reading Time: 3 minutesCommunications expert and urbanist Aceil Haddad says that, away from the noise surrounding WeWork, the UK’s flex workspace market is diverse and booming,
Reading Time: 2 minutesUS: WeWork has begun formal negotiations with all its landlords over its lease commitments.
Reading Time: < 1 minuteUS: WeWork has issued a warning to investors that it may not be able to continue as a viable business.
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