WeWork is ‘victim of own success’ as office rivals gather

WeWork, the co-working group backed by Japan’s SoftBank and its Saudi-backed technology fund, has become the largest occupier of new corporate office space in central London in recent years. Valued at more than $20bn following its last fundraising in August, the US start-up has rented more space in the centre of the UK capital since 2012 than any other company, leasing 2.6m sq ft of space, according to estate agency group Cushman & Wakefield. But as it expands and popularises the concept of shared office space, other businesses – including landlords – are also gaining traction. Click here for the full FT article (£)