WeWork may save $8 bn in rent after bankruptcy ends
Financial Express Mumbai|April 03, 2024
BANKRUPT CO-WORKING COMPANY WeWork is nearly finished shrinking its moneylosing real estate portfolio and could leave court protection by the end of next month, the troubled firm said.
STEVEN CHURCH NATALIE WONG

By abandoning about 150 locations and by negotiating with landlords to rewrite leases on 150 others, the company will save more than $8 billion in future rent, a reduction of about 40%, according to a WeWork statement released Tuesday. The key to reorganising has been reducing its real estate footprint, officials said.

It has finished negotiations on 90% of its portfolio, WeWork said.

هذه القصة مأخوذة من طبعة April 03, 2024 من Financial Express Mumbai.

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هذه القصة مأخوذة من طبعة April 03, 2024 من Financial Express Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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