WeWork will close offices at 66 King Street in the Sydney CBD and 50 Miller Street in North Sydney, as part of a global push by the struggling coworking operator to renegotiate leases and reduce its footprint.
New York-listed WeWork removed the two locations from its list of Sydney spaces and has given tenants until the end of the month to find another location, the company told The Australian Financial Review on Wednesday.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
Campbell Kwan covers commercial and residential real estate for The Australian Financial Review, based in the Sydney newsroom. He was previously the breaking news reporter. Email Campbell at campbell.kwan@afr.com
Mark Di Stefano is Rear Window columnist, based in the Sydney newsroom. He previously worked at BuzzFeed, the Financial Times and The Information before joining the Financial Review as a media and tech correspondent. Connect with Mark on Twitter. Email Mark at mark.distefano@afr.com
