WeWork gives up two prime Singapore locations
The Straits Times|November 21, 2024
WeWork is giving up space in two prime locations in Singapore, underscoring the company's challenges in one of its most promising markets.

One co-working space spanning the 17th to 20th floors of Manulife Tower at 8 Cross Street has ended operations.

Another three-floor space at UE Square at 83 Clemenceau Avenue will close in 2025.

A WeWork spokesperson said in a statement that despite Singapore being a "priority market", it has "made the difficult decision" not to renew leases at the two locations.

The company remains committed to spaces at 12 remaining buildings in Singapore "well into the future", the spokesperson added.

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