"WeWork's Aussie expansion sputters Updated 19 hours ago WeWork’s voracious Australian growth has “ground to a halt,” The AFR reports. Two massive office leases deals it was in the midst of negotiating with the nation’s largest landlords have collapsed. The largest, an entire tower at 55 Market Street in Sydney's CBD, that represents a 20,000 square metres of office space, has left the site’s manager Mirvac in urgent need of finding another tenant to occupy the cavernous space. The co-working colossus was also heavily involved in talks to take over ANZ’s former Melbourne HQ, but that deal has also sputtered."
VOL Price at posting:
$2.30 Sentiment: Buy Disclosure: Held
