Tuesday June 2, 2020

WeWork likely to seek review of rental terms at former Central Bank building

Embattled office space company wants new deals across the globe after failed $65bn flotation

5th April, 2020
Former Central Bank headquarters on Dame Street. Picture: Fergal Phillips

WeWork, the embattled global office space company, is likely to seek a review of its terms at the former Central Bank building and other Irish locations as part of a cost-cutting mission with its landlords around the world.

The company is in difficulty following a failed $65 billion stock market flotation attempt last year and the situation has been exacerbated by the impact of the Covid-19 crisis on lettings.

It is currently talking with its landlords...

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