WeWork

Amazon expands space at WeWork’s offices in midtown Manhattan

[NEW YORK] Amazon.com signed a new lease with WeWork that will allow the retailer to expand its presence in midtown Manhattan.

WeWork's Singapore flagship property at 21 Collyer Quay, where the company leases the entire 21-floor building, recently signed on life-sciences giant Bayer. 

WeWork secures new tenants, fills more space at 21 Collyer Quay, Suntec City post-bankruptcy 

The co-working operator is upbeat about its prospects in Singapore and globally

WeWork plans to invest as much as US$100 million to boost its global portfolio this year.

WeWork signs new lease in lower Manhattan, expanding New York City bet

The new location, which spans five floors, is expected to open in December

A WeWork spokesperson said in a statement that despite Singapore being a “priority market,” it has “made the difficult decision” not to renew leases at the two locations.

WeWork gives up two Singapore prime locations in sign of co-working woes

WEWORK is giving up space in two prime locations in Singapore, underscoring the company’s challenges in one of its most promising markets.

WeWork has been seeking to reshape its portfolio, renegotiating more than 190 leases and exiting more than 170 spots it described as unprofitable.

WeWork to convert New York City spot into first-of-its-kind lounge

WEWORK will turn a floor at a Manhattan office tower into a work lounge that can be used by all of the building’s tenants, a first for the co-working company.

Once privately valued at about US$47 billion, WeWork expanded at a breakneck pace but racked up steep losses on its over-extended real estate portfolio before filing for bankruptcy protection in November 2023.

WeWork CEO Tolley to step down as company exits bankruptcy

WEWORK said CEO David Tolley will step down after the flexible workspace provider emerges from bankruptcy later on Tuesday (Jun 11), bookending a months-long global restructuring process that featured...

WeWork says its restructuring cuts its future rent obligations in half, or about US$12 billion overall.

WeWork cleared to exit bankruptcy, shedding co-founder Neumann legacy

WeWork to convert billions in debt to shares for creditors

The restructuring deal represents a major milestone for the company after it filed for bankruptcy in November.

WeWork cuts new restructuring deal that spurns Adam Neumann

WEWORK and its major financial backers including SoftBank Group have struck a new restructuring deal to get the ailing workspace provider out of bankruptcy, spurning a competing financing proposal fro...

An attorney for Adam Neumann’s real estate firm Flow told FT that the company and its financial partners were prepared to beat any other offer that WeWork has received by 10 per cent.

Adam Neumann moves to buy back WeWork as it seeks funds to exit bankruptcy: FT

WEWORK founder Adam Neumann has made a fresh push to buy back the firm even as it seeks hundreds of millions of dollars to emerge from bankruptcy and avoid a sale, FT reported on Thursday.

Income Insurance, formerly known as NTUC Income Insurance Co-operative, acquired 30 Prinsep Street in 2001 for S$42.4m. It refurbished the building in 2013.
SINGAPORE PROPERTY

Income Insurance sells 30 Prinsep Street for S$142 million

The price works out to about S$2,900 psf on the net lettable area for the 999-year leasehold building