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Jeremy Fennema – Tech Innovation Alchemist
WeWork and its landlord, Almacantar, have settled a legal dispute over the coworking giant’s flagship office at 10 York Road in London.Â
The High Court ruled in favor of WeWork, dismissing one of Almacantar’s claims to terminate the lease, allowing the company to keep operating at the 290,000-square-foot space, according to CoStar.
The issue began when WeWork filed for Chapter 11 bankruptcy protection in the U.S. in November 2023, prompting Almacantar to seek to end the lease. WeWork argued that the bankruptcy proceedings did not impact its operations in the U.K.
This court victory is particularly important for WeWork as 10 York Road is its largest and most profitable office in the U.K., with over £50 million invested in the space, and Almacantar contributing more than £36 million.
