The parent company of WeWork, one of the world’s largest flexible office providers, is launching an investment fund that will enable it to buy stakes in buildings where it is a tenant.
The We Company has created a fund called Ark which will start with a total of $2.9bn, including $1 billion from Invanhoé Cambridge, the Canadian property investment giant. The fund will look to buy stakes in buildings where Wework is the biggest tenant.
The flexible office provider has become a dominant force in the London property market, with more office space in the capital than any other organisation apart from the government.
