WeWork said it’s business as usual in Singapore despite the US-listed company filing for bankruptcy. Read more at straitstimes.com.
A company spokesman told The Straits Times that the company’s operations in the Republic are currently not affected.
“We are taking steps to reassure our members, and we’re proactively communicating with them to ensure that it’s business as usual.” Headquartered in New York, WeWork recorded overall losses of US$397 million in the second quarter of 2023). The company’s locations outside of the US and Canada, as well as its franchisees around the world, are not affected by these proceedings, it added.Its largest space here is a 21-storey building at 21 Collyer Quay, with 213,000 square feet of space, leased from CapitaLand Integrated Commercial Trust .
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