WeWork continues to expand

WeWork is in exclusive talks to buy a 12-building office campus in the City of London for £600 million ($785 million), according to Bloomberg.

The estate totals more than 620,000 square feet of offices, stores, restaurants and a private members club.

The shared office business has been on a buying spree in real estate and in other sectors.

This is WeWork’s second major property acquisition after the company recently bought the flagship Lord & Taylor building in Manhattan with Rhone Capital for $850 million.

Hudson’s Bay formed a series of transactions with WeWork Companies, Rhône Capital and an affiliate of WeWork Property Advisors, a joint venture between WeWork and Rhône, which it said will create a multi-faceted strategic relat