Flexible office owner Workspace Group reported a 'quieter quarter' for customer activity and slower disposals in Q2, though occupancy and rent remained resilient. Since March 2025, disposals have totalled £138m against a £200m target by March 2027, but CEO Charlie Green said an additional £100m-plus of sales proposed in June 'is likely to take more time' as higher interest rates and UK uncertainty have lengthened deals and pushed buyers' pricing well below book value. The company completed 227 lettings and 96 renewals in the quarter, down from 326 and 124 a year earlier, with total rent roll down 0.6% to £126.6m and occupancy slipping to 79.2%. Management says new all-inclusive pricing for unfurnished space has shown 'encouraging' early signs, and Saba Capital's campaign for more asset sales was overwhelmingly defeated by shareholders in July.
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