Workspace says only 50% of customers paid March rents, many seeking relief
Share:
(Reuters) - Only half of Workspace Group Plc's customers paid their rents at the end of March and a large number of them have sought relief, the company said on Tuesday, while underlining it has significant capital to ride out the coronavirus lockdowns.The British small business landlord said it was cutting costs and capital expenditure to mitigate the impact of a much lower cash rental income in the short term. To date, it had received about 50% of rents due at March end in cash and had seen a..