Hilco Global Wins Prestigious Award for WeWork Lease Success

Author: Evelyn Baker Updated: 10-16-2025 10:21 AM

Hilco Global's Award for WeWork Lease Restructuring

Hilco Global, a leading diversified financial services company, is being recognized for its exceptional efforts in the successful restructuring of WeWork's lease agreements. Recently highlighted by the Turnaround Management Association (TMA), Hilco's Real Estate Lease Advisory Practice played a vital role in transforming the company's lease commitments, a process that spanned 24 countries and involved nearly 500 leases.

Transformative Partnership with WeWork

During the challenges faced by WeWork, Hilco Global stepped in to initiate a global lease repositioning process. The goal was to collaboratively work with landlords to reach mutually beneficial agreements. Even when WeWork filed for bankruptcy protection under Chapter 11, Hilco remained focused on negotiating leasehold commitments in various regions without formal restructuring, emphasizing a strategy that prioritized consensual solutions.

Key Strategies for Lease Mitigation

Leveraging years of expertise in lease negotiations and restructuring, Hilco Global identified optimal strategies for lease repositioning. Their collaborative approach with WeWork and its advisors led to impressive results, securing close to $10 billion in lease savings. This remarkable achievement not only alleviated WeWork's financial burdens but also significantly boosted the company’s annual profitability by approximately $800 million.

TMA Recognition and Industry Impact

The TMA recognizes only the most impactful transactions each year through its prestigious awards. Hilco Global's involvement in the WeWork restructuring exemplifies excellence in navigating complex real estate issues. This recognition is a testament to Hilco's profound understanding of the turnaround process and its commitment to delivering significant results for clients during pivotal times.

About Hilco Global

Headquartered in Northbrook, Illinois, Hilco Global operates as a subsidiary of ORIX Corporation USA and specializes in providing customized financial services across various sectors, including retail, industrial, and real estate. Their strategic approach involves aligning shareholder interests and providing not just advice but also the capital needed to achieve successful outcomes for their clients. With more than 810 professionals spanning four continents, Hilco Global continues to assert its presence as a top service provider in the market.

Looking Ahead

Hilco Global’s dedication to innovation and efficiency in lease restructuring models positions them well for future opportunities. As the landscape of commercial real estate continues to evolve, their commitment to client success and strategic negotiations will likely lead to further industry accolades and recognitions.

Frequently Asked Questions

What award did Hilco Global recently win?

Hilco Global was honored with the TMA award for the Large Company Turnaround/Transaction of the Year for its role in WeWork's lease restructuring.

How did Hilco Global assist WeWork?

Hilco Global helped WeWork by restructuring nearly 500 leases across 24 countries, achieving significant lease mitigation savings and improved profitability.

What was the financial impact of Hilco Global's restructuring?

The restructuring efforts led to approximately $10 billion in lease savings and increased annual profitability of approximately $800 million for WeWork.

Where is Hilco Global headquartered?

Hilco Global is based in Northbrook, Illinois, and operates on a global scale with professionals on four continents.

What industries does Hilco Global serve?

Hilco Global serves a variety of industries, including retail, commercial, real estate, manufacturing, and intellectual property sectors.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

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