April 17 (Reuters) - London-focused flexible office-space provider Workspace Group on Friday warned of a "substantial step down" in annual profit for fiscal 2027, as falling rents and rising costs, among other pressures, weigh on the firm.
This comes nearly two months after Charlie Green took the helm.
(Reporting by DhanushVignesh Babu in Bengaluru; Editing by Sonia Cheema)
Workspace Group PLC is a real estate investment trust (REIT). The Company is the owner and operator of a flexible workspace. It manages approximately 4.2 million square feet of sustainable space across various locations in London and the Southeast. It offers different types of spaces, such as offices, studios, light industrial, workshops, large office space, small office space, and startup office space. It acquires, refurbishes and redevelops its properties to adapt to its customers' changing requirements, including a vibrant front of house experience, meeting rooms, breakout areas, gyms, cafes and wellbeing facilities. Its property portfolio includes 160 Fleet Street, 338 Goswell Road, 60 Grays Inn Road, 66 Wilson Street, 9 Greyfriars Road, The Print Rooms, The Record Hall, Vox Studios, Barley Mow Centre, Brickfields, Busworks, Canalot Studios, Cannon Wharf, Cargo Works, China Works, Chiswick Studios, Clerkenwell Workshops, Corinthian House, E1 Studios and others.
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