Workspace Group plc R.E.I.T. (GB:WKP) has released an update.
Workspace Group PLC, a prominent provider of flexible workspaces for SMEs in London, reported strong fourth-quarter performance with a 9.6% year-over-year increase in like-for-like rent roll and 343 new lettings valued at £8.7m. Despite disposing of non-core assets totaling £41m, the company maintained stable occupancy rates and showcased a robust balance sheet with significant cash reserves and a conservative loan-to-value ratio. The firm continues to invest in refurbishment projects, signaling confidence in the growing trend for flexible working spaces among London’s SMEs.
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