Workspace Group plc (WKP.L)
- CityAM
Workspace Group reports ‘resilient’ customer demand in the fourth quarter
Flexible office space provider Workspace Group reported resilient customer demand in the fourth quarter ending March 31st, completing 343 new lettings.
- The Telegraph
London offices to be powered by Devon sunshine
London offices are to be powered by Devon sunshine after corporate landlord Workspace Group struck a solar power deal with Europe’s largest renewable energy generator.
- Reuters
UPDATE 2-London-focused Workspace forecasts strong second-half rental growth
Workspace Group on Tuesday forecast strong rental growth in the second half of the current fiscal year, after the London-focused flexible office-space provider posted a half-year loss as elevated interest rates hit the valuation of its buildings. Flexible space operators such as Workspace have performed well on the operational front as tenants opt for short-term leases and reassess strategies periodically amid broader economic worries. Workspace has a different business model to WeWork and owns their buildings unlike the U.S. firm, but the company's finance chief Dave Benson said that the WeWork's restructuring might benefit Workspace.
