Workspace Group PLC on Tuesday reported a swing to a half-year loss, as robust interest rates hurt property valuations, though rental income improved.
Shares in the company were 5.3% lower at 559.00.
London-focused office, industrial and workshop space provider Workspace swung to a big loss in the first half of the year as a result of a £178m reduction in valuations.
The flexible office provider reported a £147.9million pre-tax loss for the six months ending September, compared to a £35.8million profit in the same period last year.
By Christian Moess Laursen Workspace Group said is rent roll increased in the second quarter, driven by good customer demand and improved pricing. The.