WeWork plans to exit bankruptcy by end of May with $8bn in rental savings from lease restructuring.
WeWork anticipates exiting bankruptcy by the end of May, with an estimated $8bn in future rental savings due to lease restructuring efforts. The company has determined a final path forward for 90% of its global real estate portfolio. This includes amended leases, new management contracts, or the lease rejection process. WeWork aims to emerge from Chapter 11 in the US and Canada by May 31st.
April 02, 2024
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