The Business Times

WeWork

Property

Amazon expands space at WeWork’s offices in midtown Manhattan

At its flagship property 21 Collyer Quay, where WeWork leases the entire 21-floor building, it recently signed on life sciences giant Bayer for 5,000 sq ft of space across half a floor. 
Property

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

WeWork has been embarking on a global restructuring that included cutting unprofitable leases.
Property

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

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.
Companies & Markets

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

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

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

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.
Property

WeWork CEO Tolley to step down as company exits bankruptcy

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

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

In the coming weeks, WeWork must put the proposed deal into a final contract and ask creditors to vote on the company’s broader reorganisation plan
Property

WeWork cuts new restructuring deal that spurns Adam Neumann

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.
Startups & Tech

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

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.
Commercial & Industrial
SINGAPORE PROPERTY

Income Insurance sells 30 Prinsep Street for S$142 million

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