Big real estate names like Blackstone Group LP and Tishman Speyer are venturing into flexible-space offerings of their own. Brokers, meantime, are growing wary that WeWork is cutting them out of deals.
Samsung Life is seeking about $548 million for the 30 Gresham Street building.
Korean investors have been pouring into London real estate this year, lured by higher returns and lower currency hedging costs.
Korea’s National Pension Service is reportedly seeking to buy the building for more than $1.4 billion, ahead of bidders including Hong Kong’s CK Asset Holdings and Pontegadea Inversiones SL, the property company owned by billionaire Amancio Ortega.
WeWork, which is seeking $500 million to finance yet more growth, has amassed a global portfolio of more than 14 million square feet.
Blackstone is in the process of selling about 1.4 billion pounds of offices in London after the firm modernized the buildings and leased space at higher rents.
HNA plans to sell about 100 billion yuan ($16 billion) of assets in the first half of this year as it attempts to stave off a liquidity crunch.
The company, which started as a regional airline, is planning to sell about $5 billion of assets by April.
A group of four Hong Kong property companies including C C Land Holdings Ltd will also fund the construction of the 40 Leadenhall office project, nicknamed Gotham City
The Chinese conglomerate bid about $198 million for the 25 Gresham Street building.