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Auditors warn WeWork hubs face ‘uncertainty’

Nick Lenaghan

Auditors say WeWork’s Australian business still faces uncertainty over whether it can stay afloat even though its US parent emerged from bankruptcy this year.

WeWork’s 15 Australian co-working hubs remained open and trading as its US parent filed for bankruptcy last year. But the co-working giant has nevertheless sought to make its Australian operation leaner by closing some facilities and reducing its footprint.

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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com

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    Original URL: https://www.afr.com/property/commercial/auditors-warn-wework-hubs-face-uncertainty-20240920-p5kc66