WeWork asks tiny Surrey council to waive lease payments

WeWork has asked a tiny Surrey council to waive 18 months worth of rental payments as the troubled office provider struggles to cope with a drop in demand. The SoftBank-backed firm has asked Spelthorne Borough Council to allow it skip its payments in exchange for a five-year extension to its lease at 12 Hammersmith Grove, an office building in West London. If approved the request would cost the council £4.5m in lost revenue on a building it purchased two years ago from Aberdeen Standard In