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Workspace faces occupancy slump as major clients prepare to vacate
Workspace faces occupancy slump as major clients prepare to vacate

Daily Mail​

time4 days ago

  • Business
  • Daily Mail​

Workspace faces occupancy slump as major clients prepare to vacate

Workspace Group is preparing for more major business clients to vacate after the flexible office space provider saw occupancy levels fall in the first quarter. The business told investors on Wednesday it saw more 'larger customers vacating' in the three months to 30 June, with further larger-scale clients expected to vacate in the second quarter. 'Our immediate focus remains on stabilising and, over time, rebuilding occupancy', Lawrence Hutchings, chief executive of Workspace, said. Like-for-like occupancy slipped 0.3 per cent in the quarter to 82.2 per cent. The London-focused group said its like-for-like rent per sq. ft. was 'stable' in the first quarter, at £47.42. The group saw 278 new lettings completed in the quarter, with a total rental value of £7.1million per year. It leased a monthly average of 93 new office spaces in the period, compared to 102 spaces in the previous year. Workspace has seen property valuations fall since the pandemic, as businesses ditched larger office spaces and opted for hybrid work models. The company has been disposing underperforming assets and investing in refurbishing other units to retain occupants. Hutchings said: 'As expected, occupancy declined slightly in the quarter and we have more large vacations to come in Q2. 'We have made good progress implementing the pilot projects at two of our high conviction sites, Vox Studios and The Leather Market, to test capital-light, high impact upgrades to our product. 'We have also seen success in leasing up some of the larger spaces thanks to more targeted marketing initiatives. 'We are confident that these strategic actions, once rolled out more widely across the portfolio, will help us retain and attract more customers.' The group said it had a 'robust' balance sheet with £267million of cash. The company leases space to small businesses ranging from fintech firms to podcasters and people using AI to write music. It owns a portfolio of about 70 properties across London and the south-east of England, providing office space to more than 4,000 businesses. In May, Workspace cut its profit expectations for the next year, citing increased churn of large occupiers and higher costs. Workspace shares fell 1.01 per cent or 4.00p to 393.00p on Wednesday, having fallen over 37 per cent in the last year.

Egyptian action-comedy ‘Darwish' to release in cinemas on July 17
Egyptian action-comedy ‘Darwish' to release in cinemas on July 17

Broadcast Pro

time06-07-2025

  • Entertainment
  • Broadcast Pro

Egyptian action-comedy ‘Darwish' to release in cinemas on July 17

The film is a co-production between One to One, Film Clinic, Vox Studios and Film Square. Egyptian feature film Darwish is set to release in cinemas on July 17, 2025. Directed by Waleed El Halfawy and penned by screenwriter Wissam Sabry, the film offers a blend of action and comedy set against the backdrop of 1940s Cairo. Darwish centres on the life of a cunning con artist who finds himself wrongly accused of murder, triggering a whirlwind of events that catapult him into the public spotlight. As the story unfolds, the character navigates unexpected fame, a rekindled rivalry with a former partner, and the beginnings of a new romantic connection, all while trying to clear his name. The film stars Amr Youssef in the lead role, supported by a notable cast including Dina El Sherbiny, Tara Emad, Mohamed Shahin and Moustafa Gharieb. Together, they bring to life a fast-paced narrative infused with humour, suspense and period charm. Produced through a collaboration between One to One, Film Clinic, Vox Studios and Film Square, Darwish will be released simultaneously across cinemas in the Arab world, marking a significant entry in the region's 2025 film calendar.

First Look at the Star-Studded Trailer to ‘Hepta' Sequel
First Look at the Star-Studded Trailer to ‘Hepta' Sequel

CairoScene

time30-06-2025

  • Entertainment
  • CairoScene

First Look at the Star-Studded Trailer to ‘Hepta' Sequel

Hepta returns with an ensemble cast including Menna Shalaby, Karim Fahmy, Mohamed Mamdouh and more. Jun 30, 2025 The teaser for 'Hepta: The Final Debate' has just dropped, offering a first glimpse into the highly anticipated follow-up to the hit romantic drama Hepta (2016). Directed by Hadi El Bagoury and written by Mohamed Sadek, with screenplay contributions from Mohamed Galal and Nourhan Abu Bakr, the film presents four intertwined love stories that reflect the unpredictable nature of relationships and the emotional threads that bind people together. The ensemble cast includes Menna Shalaby, Karim Fahmy, Mohamed Mamdouh, Salma Abu Deif, Mayan El Sayed, Hassan Malek, and more. Produced by The Producers, Vox Studios, Film Square, and Immersive, Hepta: The Final Debate will be released soon in cinemas across the Arab world.

Egyptian Film ‘Darwish' Wraps Production Ahead of Summer 2025 Release
Egyptian Film ‘Darwish' Wraps Production Ahead of Summer 2025 Release

CairoScene

time15-04-2025

  • Entertainment
  • CairoScene

Egyptian Film ‘Darwish' Wraps Production Ahead of Summer 2025 Release

Set in 1940s Egypt, the film stars Amr Youssef, Dina El Sherbiny, and Tara Emad in a comedic action tale of mistaken identity. Apr 15, 2025 Upcoming Egyptian feature film 'Darwish' has wrapped filming and is set to hit cinemas on July 17th, 2025. Directed by Waleed El Halfawy and written by Wissam Sabry, the film is a period action-comedy that unfolds in Cairo during the 1940s. 'Darwish' follows the story of a con artist who becomes entangled in a case of mistaken identity after being falsely accused of murder. As the story progresses, the character's unexpected rise to public acclaim propels him into a complex web of fame, unresolved conflict with a former partner, and the stirrings of a new romantic relationship. Leading the cast is Amr Youssef, with co-stars Dina El Sherbiny, Tara Emad, Mohamed Shahin, and Moustafa Gharieb playing key roles. The film is a co-production between One to One, Film Clinic, Vox Studios, and Film Square. Darwish is scheduled to hit cinemas starting July 17, 2025, across the Arab world.

Saudi film ‘HWJN' now available on OSN+
Saudi film ‘HWJN' now available on OSN+

Broadcast Pro

time03-04-2025

  • Entertainment
  • Broadcast Pro

Saudi film ‘HWJN' now available on OSN+

The adaptation is directed by Iraqi Dubai-based director Yasir Al Yasiri, who also takes a producer credit under his Axx Productions banner. OSN+ has released the Saudi fantasy feature HWJN, the feature adaptation of Saudi author Ibraheem Abbas' renowned novel by Image Nation Abu Dhabi, Vox Studios and MBC Studios. Originally captivating Saudi audiences in 2013, HWJN swiftly garnered attention for its fusion of Western sci-fi elements with Arabic culture and folklore, a blend that resonated strongly with young readers. Published by Yatakhayaloon, founded by Yasser Bahjatt and Ibraheem Abbas, the novel quickly gained popularity, laying the groundwork for its cinematic adaptation. HJWN made history as the first Saudi film to open the Red Sea International Film Festival in 2023, earning acclaim for its narrative and ensemble cast. Following its successful run in Saudi Arabia earlier this month, the film is poised to captivate audiences across the Gulf region. Set against the backdrop of modern-day Jeddah, HWJN follows the journey of a benevolent jinn, HWJN (portrayed by Baraa Alem), as he endeavours to reclaim his royal lineage while confronting ancient malevolence to safeguard the delicate equilibrium between his realm and ours. Along this odyssey, he forms an unlikely romantic bond with Sawsan (played by Nour Alkhadra), a young medical student. As one of the most ambitious undertakings to emerge from a landmark production partnership initiated in 2019 by Image Nation Abu Dhabi, MBC Studios, and Vox Studios, HWJN promises a cinematic experience unlike any other. Directed by Yasir Al Yasiri (Kaboos), the film boasts a stellar cast featuring Saudi talents such as Baraa Alem (The Sun of Gnosis), Nour Alkhadra (The Matchmaker), Nayef Althifery (Rashash), Alanoud Saud (Blackmail Note), and Mohsen Mansour (207). Axx Productions, led by Yasir Al Yasiri, takes the helm as the film's producer, ensuring the realization of this epic saga on the silver screen.

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