Sale exposes fault lines in London’s office market created in part by soaring interest ratess
WeWork
The desk-renting start-up’s implosion ought to teach investors not to bet the future on the recent past
Planet Business: António Costa resigns as Portuguese prime minister, Lidiane Jones swaps Slack for Bumble and this year’s hotly-tipped Christmas toys
WeWork’s bankruptcy, the jailing of Sam Bankman-Fried and the collapse of the NFT market are all inevitable, investor-ruining consequences of an extended period of ultra-low rates
Questions remain about the future shape of Central Plaza on Dame Street and the former Clerys site on O’Connell Street
Market sources have estimated WeWork’s total footprint in Dublin to be around 37,000sq m
New York company is one of biggest tenants in Dublin and planned to occupy most of the former Central Bank building on Dame Street
Planet Business: Helen MacNamara’s Covid testimony, We Work’s imminent bankruptcy and invitees to Bletchley Park
Coworking group has struggled with a massive debt pile and hefty losses
Business Today: the best news, analysis and comment from The Irish Times business desk
Company to renegotiate its leases worldwide, calling rental costs ‘dramatically out of step with current market conditions’
WeWork is the latest in a litany of miscalculations by Japanese lender and investor
Shares in co-working firm have slumped 95% in past year as it struggles to recover from Covid pandemic shutdowns
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