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One of WeWork's buildings is profitable, and the company says it's a vindication of its model

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Albert Hummel
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Office sharing company WeWork has reported that its flagship London building became profitable in 2017.

This is important because sceptics have always questioned whether WeWork's model of leasing buildings, making them look cool, and renting out desks would work.

Filings for its overall UK business show WeWork's losses nearly tripled, which the firm attributes to its rapid growth.

WeWork's European flagship building in London turned a profit in 2017, in what the fast-growing office sharing startup will see as a vindication of its model.

WeWork filed its first accounts for its building in Moor Place, London, covering the year to December 2017, and shared the details with Business Insider.

It bills itself as more community-oriented than other shared office rivals, and its workspaces are known for their free beer, chic furniture, and bright working environment.

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Albert Hummel
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