Manchester landlord withdraws from WeWork deal

By Emma Shone2019-01-18T00:00:00

An office landlord in Manchester has withdrawn from a deal to let space to WeWork, citing the effect the US flexible office provider’s covenant could have on the potential investment value of the building.

WeWork had been under offer to pre-let 43,000 sq ft of space on the first five floors of Worthington Properties’ 125 Deansgate scheme, which is due to be completed later this year. However, a source close to the deal told Property Week that the landlord has now walked away.

This content is only available to registered users

You must be logged in to continue

Would you like to read more?

Try Property Week For Free to finish this article.

Unlimited access to Property Week
Breaking news, comment and analysis from industry experts as it happens
Choose from our portfolio of email newsletters

To access this article TRY FOR FREE NOW

Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.

Registered users and subscribers SIGN IN here to continue