Workspace victory removes governance overhang, brokers say Proactive uses images sourced from ShutterstockWorkspace Group PLC (LSE:WKP) has seen off Saba Capital's attempt to replace its non-executive directors, handing the property company's new management team what analysts called a "decisive" victory. Excluding Saba's holding, support for Workspace's directors was at least 87.1%, while backing for the activist's candidates reached no more than 13.3%. Saba has also reportedly built exposure to student accommodation group Unite Group PLC (LSE:UTG), potentially stretching its resources across two UK property campaigns. Stifel retained its 'buy' recommendation, arguing that Workspace's shares undervalue both its portfolio and the new strategy, with the stock trading at around a 50% discount to net tangible assets. Shares in Workspace were virtually unmoved at 349.8p on Friday.