Branch² Intelligence
Workspace urges investors to block ‘destructive’ Saba proposals
Key takeaway
Workspace Group fights Saba Capital's activist push for property sell-off.
- Step 1Saba Capital proposes property sell-off at Workspace Group, seeking to unlock value.
- Step 2Board resistance and shareholder vote create uncertainty over Workspace's asset strategy.
- Step 3If Saba wins, asset sales reduce Workspace's flexible office capacity, tightening supply for SME tenants and potentially raising rents.
Source: City A.M.
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