One of Canada's largest real estate investment trusts is refusing to rent to WeWork because it says the coworking giant doesn't provide any guarantees for its leases, a potential sign of trouble for the company that has become one of the world's leading shared office providers just eight years after its founding.
WeWork Strategy Shows Cracks as Major Canadian REIT Refuses to Rent
Allied Properties Cites Lack of Lease Guarantees and Potential Effects on Building Values
By Garry Marr
CoStar News
December 4, 2018 | 10:21 AM
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IN THIS ARTICLE
- Properties
- Bay Adelaide Centre East Tower
22 Adelaide St, Toronto, ON
- Companies
- Allied
Real Estate