The fast-growing office space provider WeWork spent $2.5bn expanding its global operations last year, according to documents seen by the Financial Times.
Figures sent to bond investors show that the company, which has pursued breakneck growth and become the largest office tenant in London and New York, spent $2.5bn on investing activities in 2018.
Together with $177m of operating cash losses, this expenditure was funded by $2.7bn of cash from investors and creditors, the documents show. WeWork is backed by Japan’s SoftBank and its $100bn Vision Fund.
