WeWork Cancels Plan for London Canary Wharf Office Space
ByWeWork Cos., the world’s largest shared-workspace startup, has pulled out of talks to lease space in London’s Canary Wharf financial district, according to two people with knowledge of the matter.
The New York-based company won’t proceed with a plan to lease 45,000 square feet (4,180 square meters) at the 7 Westferry Circus building, the people said, asking not to be identified because the matter is private. WeWork has also put on hold less advanced plans to lease space at a building due to be developed at the new phase of Canary Wharf, the people said. It’s the first time WeWork has cancelled a deal in the U.K. capital.
WeWork plans to increase its presence in London, its second-largest market, the company said in an e-mail, without elaborating on its plans for the district…
WeWork Cancels Plan for London Canary Wharf Office Space
