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October 1, 2019

Landlords And WeWork’s Big Rivals Say Company’s Woes Don’t Pose Big Risk
Last call: Don't miss Ballymore, L&Q, Aviva and Resolution Property at tomorrow's Future of West London event

Just how big a risk do WeWork’s current struggles pose to the London office market and the growth of the coworking and flexible office sector?

Those were the questions that inevitably dominated conversations at Bisnow’s Office Leasing & Development event at the Republic office campus in London last week.

With the coworking giant postponing its initial public offering, ousting its chief executive and facing questions about how long it can keep operating while burning cash, the debate revolved around whether WeWork’s woes could derail the growth of flexible offices, or cause a downturn in the London office leasing market.

Landlords And WeWork’s Big Rivals Say Company’s Woes Don’t Pose Big Risk

The company’s big rivals in the coworking world were surprisingly magnanimous about their brash competitor, while pointing to the flaws in its business model. And three of the largest companies buying and building in London today argued that the UK capital is well-placed to withstand any shock that might occur…

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WeWork Withdraws IPO Filing
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WeWork isn't going public anytime soon. The coworking giant, less than two months after it filed an initial public offering prospectus with the Securities and Exchange Commission — a document called an S-1 — has withdrawn that filing, it announced Monday. While the company said it plans to one day…

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Flight delayed, but that does mean two unbroken hours with The Little Drummer Girl. mike.phillips@bisnow.com
 
 
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