The Property Ticker

研报英文原文证据摘录

The Property Ticker

ations had already been adjusted to reflect bid

levels; compared with valuations six months earlier, the average discount was 19.6%.

Since FY27 began, a further three assets were sold at an average 22.3% discount. The

Board also noted that despite marketing over £200m of assets, buyer interest does not

support Saba's suggestion of 50-75 credible purchasers.The Board also criticised Saba's

proposal to improve assets through an external manager, arguing the plan lacks detail and

does not identify who would operate the portfolio. Workspace believes outsourced

management is not an established model in the UK flex-office sector and that its specialist

operating platform, which serves almost 40,000 people and 4,000 businesses, requires

deep operational knowledge.

• ….Management argues its recently appointed leadership team has significant

experience in both flex space and real estate and is better positioned to drive

occupancy, revenue growth and profitability.Workspace acknowledged that its share

price does not fully reflect the value of the business but argued that it has already taken

action through management changes and a refreshed medium-term strategy. The Board

believes it has the right combination of real estate, operational and public-market

experience to execute the plan, with a focus on improving earnings, disposing of non-core

assets and reinvesting in the portfolio. Management maintains that this approach offers

a lower-risk and more sustainable route to value creation than Saba's proposals. (Source:

Company)

• Blackstone reviews £6 billion UK logistics business sale: Blackstone is exploring long-

term exit options for Indurent, its UK industrial and logistics platform, including a