WeWork Fund Loses Control of Last London Property Amid Banking Covenants Breach
By
Marcelo Garcia da Silva
1 min read
⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).
A fund linked to WeWork Inc. has faced a setback as it lost control of its final London property due to breaching banking covenants. Deutsche Bank AG has taken control of 51 Eastcheap after a potential property sale fell through. This development highlights the challenges faced by WeWork and its affiliated funds in the current business environment.