Finance

Workspace profit plummets as Covid-19 hit occupancy rate

By 2020-11-11T09:29:00

Workspace centro1

Workspace swung to a first-half loss and has postponed a decision on its full-year dividend as the office space provider was hit by a rise in customers vacating and downsizing due to the Covid-19 pandemic.

The company, which owns and runs 4m sq ft of office space in London, posted a pre-tax loss of £110.4m for the six months to the end of September, compared with a profit of £99.1m a year earlier.

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