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Workspaces Run Better On UltraSoftBIS
Home News

Amid Global Challenges, WeWork Bets Big On Dublin

The struggling coworking giant is strengthening its presence in Ireland’s capital, where it holds an over 90% occupancy rate.

Dominic CatacorabyDominic Catacora
September 22, 2023
in News
Reading Time: 2 mins read
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Amid Global Challenges, WeWork Bets Big On Dublin

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As WeWork navigates its dire financial situation and works to renegotiate the majority of its leases, the company announced plans to move forward with a new office at a Hines development in Dublin, Ireland. 

Slated to open in May 2024, the 73,000-square-foot space is situated in the former landmark Central Bank building. The facility will span eight floors and will offer private offices, lounge spaces, and an outdoor terrace with 360-degree views of the capital.  

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WeWork’s Global Head of Real Estate Peter Greenspan stated in the announcement that the occupancy rate in “Dublin is over 90%, and WeWork One Central Plaza underscores our ongoing commitment to invest in our member experience, product and services across key markets.” 

WeWork’s decision to proceed with establishing a Dublin office comes despite the company grappling with a myriad of challenges — including a substantial $30 million lawsuit by DivcoWest in New York.  

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Workspaces Run Better On UltraSoftBIS

The decision also sheds additional light on the company’s strategic efforts to realign its operations, focusing on its promise to exit “unfit and underperforming locations” with an emphasis on bolstering successful areas. This could play a pivotal role in the company’s restructuring strategy. 

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Source: Costar
Tags: CoworkingInvestment
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Dominic Catacora

Dominic Catacora

Dominic Catacora is a Staff Writer for Allwork.space. He is based in Pittsburgh, PA. He graduated from Radford University in 2017 with a Bachelor of Science degree in Media Studies - Journalism. He has previously covered the Historic Triangle as a journalist living in Williamsburg, Va, and is now focused on writing related to the future of work.

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