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An office landlord in Manchester has withdrawn from a deal to let space to WeWork, citing the effect the US flexible office provider’s covenant could have on the potential investment value of the building.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

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article

Registration includes the following benefits:

  • Access up to four FREE articles per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Four articles not enough? SUBSCRIBE for unlimited access to over 100 weekly articles and our comprehensive archive. For as little as £5 per week.

Registered users and subscribers SIGN IN here to continue