Staying flexible key for office empire

Workspace, the FTSE 250 residential real estate investment trust, yesterday held a share placing yesterday that raised about £180m. It says that it wants to keep its loan-to-value below its present 25% to nearer 15%, to reduce some of the debt built up after buying seven properties in Camden this year and to finance its existing pipeline. An equity rise such as this gives it an extra £500m to take advantage of opportunities in the market. However, some analysts are worried. Click here for the full Times article (£)