Despite the 27% discount, Workspace is still doing well from its McKay acquisition
Disposals will continue, but not until Workspace can maximise value
Enquiries and lettings have dropped off from last year, but Workspace says activity is “strong”
It has received “significant interest” since the £272m takeover completed earlier this month
Sale and leaseback deal with Sheen Lane will guarantee income while sub-tenants are found
REIT chief executive compares situation to aftermath of the global financial crisis
REIT remains in “positive discussion” with tenants for outstanding sums
Deal represents net initial yield of 5.6%
REIT says it is still unclear how badly its finances will be hit by coronavirus as £65m deal delayed
Jeremy Bates will join as an independent non-executive director and member of the audit, remuneration and nomination committees