WeWork Fund Loses Control of Last London Property Amid Banking Covenants Breach
By
Marcelo Garcia da Silva
1 min read
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.