Landlords around the world have become concerned about the risk of a collapse or major restructuring of WeWork and are making contingency plans, according to the Times. The global property market is assessing how to respond to the delay to Wework’s planned flotation. The company has been in talks with potential buyers for its office space since last year, but it is unclear if any deals will be finalized before the end of this year. A London-based landlord that counts WeWork as a tenant told the Times locations let to enterprise clients would be easier for landlords to operate themselves, but many were questioning what they would do with all the space in a worst-case scenario. A number of landlords, including Hines, British Land and Landsec, have launched flexible office brands over the past couple of years.
Landlords around the world have become concerned about the risk of a collapse or major restructuring of WeWork and are making contingency plans, according to the Times. The company has been in talks with potential buyers for its office space since last year, but it is unclear if any deals will be finalized before the end of this year. A London-based landlord that counts WeWork as a tenant told the Times locations let to enterprise clients would be easier for landlords to operate themselves, but many were questioning what they would do with all the space in a worst-case scenario. A number of landlords, including Hines, British Land and Landsec, have launched flexible office brands over the past couple of years.