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Workspace takes rental income cuts

The flexible office space group has offered rent reductions for three-quarters of customers until July
Workspace takes rental income cuts

Workspace (WKP) is braced for a deterioration in occupancy and rental rates this year, after reporting a substantial fall in enquiries since the end of March. The flexible office landlord has halved second-quarter rent for customers representing around three-quarters of its income, or £15m, and has suffered a 30 per cent shortfall in the rent it had expected to collect for that same quarter. 

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