MCKS.L Share Price (MCKS)

It is entirely London Centric, being small serviced offices in good areas of London. It's a quality business that obviously got hit hard in the lockdowns, so the div was slashed. Div level will return as occupancy gets back to pre pandemic levels. Serviced offices are proving popular even with remote working still a thing.
They have a good track record of buying properties and redeveloping to add significant value.
Cap gain is the bigger interest than divs. The enlarged group will have over £10 NAV per share, currently trading at £6.88. £15 within 3 years is not a long shot. Over 100% cap gain in 3 years from a REIT.
The div has always been just a nice extra with Workspace. Should yield about 4% when things get back to proper normal.
Blackrock increased their holding recently.

Im not familiar with Workspace. Just had a quick look and seems very London centric and has a very low divi yield.

Whats the chance hanging around for a better offer ? or just cut and run?
Doesnt seem overly generous

Wow quiet forum. Welcome to workspace group if anyone is still here. If you don’t know it, it’s a very well managed serviced offices group.

Presumably doubts over ability to let Theale Logistics Park (134,000 sq ft) in the current climate?

Half year results due out on Monday; we should get an updated NAV estimate