Convendum have officially exited their court-supervised restructuring. During the process the network went from 21 locations to 17, dropping 22k sqm of space. The firm will begin repayments on their €9.7M written-down debt, and the €1.1M in frozen deposits have been refunded to clients who terminated their leases.

To boost the recovery strategy, the firm also shared that they've secured €4.9M in new funding, that makes Knutsson Holdings their largest shareholder. CEO Håkan Jeppsson also noted that occupancy had bumped up to 77% from 53% last year.