In the news this morning, the FT reports on WeWork’s first quarter figures after obtaining an internal memo.
In short, revenue: up, EBITDA: up, occupancy: up, and hopes for a stock market flotation: bolstered.
Elsewhere, read about the £1bn purchase of UBS’s HQ in EG or the broadsheets, or a proposed £300m IPO by Tritax, again in EG or the broadsheets.
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Including:
Industry leaders are reassured by the likelihood of the sector falling outside of policy changes
Company is monitoring “market volatility”
CFO Shaw will step into top post next year
Prima, Real Living and Cantay Estates have received funding for 189-bed PBSA
