WeWork, the US co-working group backed by Softbank’s Vision Fund, has become the largest corporate office occupier in central London, underlining the speed of growth of one of the world’s most highly valued start-ups.
WeWork, which was valued at more than $20bn following its last fundraising in August, has rented more space in the key office districts of London since 2012 than any other company, leasing 2.6m sq ft of space, according to estate agency group Cushman & Wakefield. This has made WeWork the biggest occupier of offices in the capital after the UK government.
The company has become increasingly important to commercial property markets in cities such as London and New York, both leasing and buying buildings to offer shared offices.
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