WeWork Cos. is no longer planning to take up space at the7 Westferry Circusbuilding in London's Canary Wharf, Bloomberg News reported, citing two peoplewith knowledge of the matter.
The New York-based company was eying a 45,000-square-footspace at the Canary Wharf Group-owned building. The Brexit vote was not the "mainreason" behind WeWork's decision, the people told Bloomberg. Thecompany is seeking to expand its presence in the British capital, the newsoutlet added, citing a company email.
The shared-workspace startup has also halted talks to leasespace at a building to be developed as part of Canary Wharf's new phase,according to the people.
Canary Wharf Group, owned by , bought 7Westferry Circus in 2013 for £46.6 million from Teachers REA LLC and TeachersREA II LLC.
BrookfieldProperty Partners LP and the Qatar Investment Authority 100% of Canary WharfGroup through their £2.6 billion purchase of Songbird Estates in April 2015.