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Google Backs Out Of Toronto Deal With WeWork

Google has backed out of a deal to take up space at one of WeWork’s Toronto locations and instead has opted to sign a deal with IWG. Click To Tweet

Google signed a deal to take up 24,000 square feet of space at IWG’s Spaces location in Royal Bank Plaza in Toronto’s financial district.

WeWork had reportedly been in talks to rent out space to Google at its planned location on Bay Street. While it is unclear why the deal was scrapped, this is one of many obstacles WeWork that has been thrown at the coworking company since it canceled its initial public offering.

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WeWork’s struggles have paved the way for other flexible office competitors, such as IWG, to market themselves as a more reliable operator.

“You have to separate the issues at WeWork from the coworking business model,” said Tamara Lawson, chief financial officer at QuadReal Property Group Ltd.

ABOUT Aayat Ali
Aayat Ali

Aayat is an editor for the Daily Digest based out of Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces. Feel free to reach out to her at [email protected] View all posts by Aayat Ali

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