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The co-workspace sector in Manchester is at risk from an economic downturn, according to Conrad O’Neill, partner at commercial property agency Canning O’Neill. He said the number of businesses that have closed or are planning closures has increased by more than 50 per cent since last year. O’Neill’s comments followed news that German-based Rent24 has acquired a majority stake in The Brew and has announced plans for an additional 45 co-working sites in the UK and Ireland.