WeWork Reviews London Expansion Plans After Softbank Bailout
- About 28 potential office deals in capital are under review
- Firm continues to see strong demand in city, spokeswoman says
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WeWork’s new management has embarked on a sweeping review of its expansion plans in London following a bailout by Softbank Group Corp., and is reassessing whether to proceed with about 28 potential office deals in its second-largest market.
The deals under review are at varying stages, from a preliminary inspection of promising properties to detailed talks, according to people with knowledge of the process. The review raises questions about what proportion of these offices the company will end up leasing, the people said, asking not to be identified because the talks are private.