WeWork in Talks to Slash Space in New London Shoreditch Offices
- Flexible-office firm in talks with developer of Stage building
- New CEO has been reviewing leases as he seeks to turn a profit
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WeWork is in talks to slash the amount of office space it had agreed to occupy in a major development in London’s Shoreditch district.
The embattled flexible-office provider and developer Cain Hoy Enterprises are considering canceling a 2017 agreement that would have seen WeWork lease two office buildings at the soon-to-be-completed Stage development, people with knowledge of the negotiations said. Instead WeWork could occupy just the smaller of the two offices, said the people, asking not to be identified because the details aren’t public.