(Reuters) - London-focused flexible office-space provider Workspace (LON:WKP) Group said on Thursday that Graham Clemett, its chief executive of five years, would step down this year once his successor gets appointed.
Clemett, 63, leaves at a time when flexible space operators such as Workspace have outperformed the traditional landlords on the operational front in the UK, as tenants opt for short-term leases and reassess their strategies periodically amid lingering broader economic worries.
A British national, Clemett has been with Workspace for 16 years, initially as its chief financial officer and then CEO since 2019.
Separately, the company which serves mostly small and medium-sized enterprises and entrepreneurs, said like-for-like rent per square feet rose 1.7% in the December quarter to 43.6 million pounds ($55.5 million).
Like-for-like occupancy at its properties was broadly stable at 88.2% in the third quarter, compared with 88.6% during the previous September quarter.
($1 = 0.7862 pounds)