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WeWork Cancels Plan For Canary Wharf Lease

Cabot Square

WeWork, the world’s largest shared-workspace startup, has halted talks to lease space in London’s Canary Wharf financial district, according to Bloomberg.

The company reportedly planned to lease 45k SF at 7 Westferry Circus as well as space at a building to be delivered in the new phase of Canary Wharf.  

WeWork told Bloomberg it still plans to increase its presence in London, its second-largest market. Brexit was not the main factor behind the decision to drop out of this project. [Bloomberg]

Related Topics: WeWork, London Canary Wharf