Co-working space provider WeWork, which was once valued at $47 billion, has been forced to file for a Chapter 11 bankruptcy in the US. The filing is set to provide the company with protection from its creditors and landlords as it restructures its vast debts. Based on its latest share price, WeWork is now worth less than $50 million.

The Warsaw Mennica Legacy Tower complex’s Western Building has been opened. The sole tenant of the building is WeWork. The new location of the company will be the largest “flexible space” for lease in the whole Central and Eastern Europe. Arrangement works in the 140-metre-high Tower of the complex will constitute the final stage of the execution of Mennica Legacy Tower.

WeWork will open its latest location at Warsaw’s Europejski scheme. Europejski, formerly known as the Europejski Hotel, is a mixed-use building offering Class A+ office and retail space. It is also home to the Raffles Europejski Warsaw hotel.

WeWork, flexible workspace provider, has become the sole tenant of office space in the Western Building of the Mennica Legacy Tower, a modern office complex being built by Golub GetHouse and Mennica Polska S.A. at the junction of Prosta and Żelazna streets in Warsaw.

Heiko Himme has been appointed Head of Real Estate Central Europe at WeWork. Currently Head of Office Agency Germany and Team Leader Office Agency Berlin for Cushman & Wakefield, Heiko will join WeWork by the end of the year. Kathrin Hellwig who has been with Cushman & Wakefield since 2013 will take over his responsibilities as Team Leader of Office Agency – Berlin with immediate effect.