Coworking Space

WeWork is continuing its dramatic expansion in Australia even as doubts emerge about the valuation of the float of its global operations, with reports it could attract a price of less than half of initial expectations of about $US47 billion ($68 billion).

Global workspace group WeWork is bringing its landlord model to Australia and is in talks to buy up buildings that it occupies, with a Melbourne tower on Collins Street being targeted for about $80 million.

Co-working giant WeWork is in the midst of striking its largest leasing deal in Australia, lining up a whole building to occupy in the heart of Sydney’s central business district on the corner of Market and Pitt streets.

Global shared workspace company, WeWork, has further expanded its Sydney presence taking about 11,000sqm of office space at 320 Pitt St, in a major Sydney CBD leasing deal.

Co-working company WeWork has forayed deeper into the WA capital, taking a 15 year lease in a building in the Perth suburb of Northbridge.

Sydney’s co-working boom is showing few signs of slowing with a new entrant from Singapore taking on the expanding field of local players setting up in the city.

WeWork is most often thought of as a disrupter changing the way — you guessed it — we work, but ultimately, when you boil it down, it is a landlord.

CBRE and other big brokers are trying to muscle their way into the crowded but lucrative co-working business, aiming to help landlords create their own flex-space companies that cut out middlemen such as WeWork.

Co-working giant Hub opened its newest Australian location in Brisbane’s Anzac Square late last month, spread over four levels of the award-winning building. And the new sharespace continues the trend of bringing the home into …