Manchester landlord withdraws from WeWork deal

125 Deansgate

An office landlord in Manchester has withdrawn from a deal to let space to WeWork, citing the effect the US flexible office provider’s covenant could have on the potential investment value of the building.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

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