Is WeWork the cure for the EMA’s lease problem?

WeWork has emerged as a possible fix for the European Medicines Agency’s lease problem in Canary Wharf, EG understands.

The agency has held discussions with multiple potential occupiers, including WeWork, to take on its troublesome lease at 25-30 Churchill Place, E14, where it occupies 250,000 sq ft.

It has retained BNP Paribas Real Estate, which advised on the original 25-year letting, to look for occupiers.

The EMA and Canary Wharf Group are due to appear in court this week. The EMA, which is relocating to Amsterdam after Brexit, is aiming to get out