Coworking network WeWork announced the sale of business in Russia – Kommersant
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The American coworking network WeWork announced the sale of its Russian business to the investment company O1 Properties. They write about it “Vedomosti” with reference to sources.
The newspaper’s interlocutors clarified that the deal will include four Moscow sites in the business centers “White Square”, “Red Rose”, “Arcus III” and the shopping gallery “Bolshaya Yakimanka, 26”. Their total area is more than 18 thousand square meters. m.
O1 Properties owns 11 business centers in Moscow with a total area of 624 thousand square meters. m. Among them are “White Square”, Vivaldi Plaza, Ducat Place III and others. The amount of the deal to purchase the WeWork business could be about 1.6 billion rubles.
The WeWork network operates 660 offices in 119 cities around the world. In November 2023 the company filed in the United States, a bankruptcy filing that allows for restructuring and continuation of operations.
Read more about the coworking market in the Kommersant text. “Offices lacked flexibility”.
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