SoftBank is in advanced talks to take a majority stake in troubled flexible office group WeWork, in a deal that values the group at just $8bn (£6.1bn).
Report says lack of data on flexible office operations means valuation of assets is still a ‘significant challenge’
WeWork has posted a staggering ten-fold increase in losses for its UK arm in its latest set of accounts filed at Companies House.
Fitch Ratings has downgraded WeWork’s credit rating after a tumultuous few weeks for the flexible office group, as predicted by Property Week last month.
Over the past year flexible workspace has made up 35% of commercial property transactions in London, according to a new report by The Instant Group.