Property
Analysis: Why the ceiling fell in on WeWork’s Irish plans
The flexible office provider has secured space in some top developments but an expected US bankruptcy filing could close the door on its operations here
When WeWork launched in Ireland six years ago, it planned to make a splash.
It was September 2017 and the Irish office market had just recorded its highest level of leasing activity in a decade in the first six months of the year. As a result, construction was booming.
WeWork’s playbook, developed by founder Adam Neumann, relied on aggressive expansion.
That was how it built up a massive portfolio in the US and now it ...
