‘Alice in Wonderland’ workspace firm lands £129m Aberdeen-backed finance Property A luxury workspace provider whose offices feature novelty themes like Alice in Wonderland and Monopoly has landed a £129m refinancing package. Office Space in Town (OSiT) has bagged a new debt package which includes around £72m in backing by leading asset manager Aberdeen, City AM has learned. OSiT operates 225,000 sq ft of flexible office [...]
Workspace slashes dividend as profit plummets amid new boss’ shake-up Property Real estate group Workspace slashed its dividend in the latest financial year as the firm plunged to a hefty loss. The FTSE 250 company posted a £120.5m loss before tax, from £5.4m last year, which was driven by nearly £160m in write-downs of property valuations amidst a changing strategy. New boss Charlie Green – who [...]
Derwent: Return to office mandates boost London landlord Property Ongoing high demand for central London offices, combined with low supply of best-in-class space, has boosted real estate investment trust (REIT) Derwent in the first quarter of the year. Derwent said leasing activity in the year to date totalled £2.7m, with a further £3.7m of rent under offer. Open market lettings ticked up by 2.7 [...]