- Costs associated with closing centres drives the group into a higher than anticipated loss
- A post-pandemic increase in hybrid working could present a longer-term opportunity
- However, hefty lease liabilities present a risk to IWG
The short-term leases offered by flexible workspace providers such as IWG (IWG) and Workspace (WKP) may just mean that the injuries dealt by the pandemic are more immediately visible than for permanent office landlords. Yet could they also be quicker to heal?