Fears grow for property sector as WeWork scrambles to stay afloat

As company warns of ‘substantial doubt’ over its future, experts say consequences for commercial landlords could be dire

WeWork, the troubled office share behemoth, was once valued at $47bn. On Friday, the company was forced to combine 40 of its shares into one in an effort to keep its stock price above $1 and avoid being delisted from the New York stock exchange.

The dramatic rise and fall of WeWork has been well documented, but as the company warned there was “substantial doubt” it would stay in business, experts suggest the impact for the already troubled commercial property sector could be dire.

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