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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Workspace Group Plc | LSE:WKP | London | Ordinary Share | GB00B67G5X01 | ORD GBP1 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
4.00 | 0.83% | 488.50 | 488.00 | 488.50 | 491.50 | 473.00 | 473.00 | 215,203 | 13:31:29 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Investment Trust | 174.2M | -37.8M | -0.1970 | -24.70 | 933.58M |
TIDMWKP
RNS Number : 7439U
Workspace Group PLC
27 November 2019
22 November 2019
WORKSPACE GROUP PLC
WORKSPACE(R) ANNOUNCES DISPOSAL OF QUALITY COURT IN HOLBORN
Workspace Group PLC ('Workspace') is pleased to announce the exchange of contracts for the disposal of Quality Court, off Chancery Lane in Holborn, for a total of GBP15.8m. The sale of the property is at a premium of 3% to the 30 September 2019 valuation, a net initial yield of 4.3% and a capital value of GBP930 per sq. ft.
The Grade II* listed building, 100 metres from Chancery Lane station, comprises 17,000 sq. ft. of net lettable space over five storeys.
Graham Clemett, Chief Executive Officer of Workspace, commented:
"We are pleased to have made this sale of a small office building at a premium to book value, providing capital to recycle into our project pipeline and new acquisitions."
- ENDS -
For media and investor enquiries, please contact:
Workspace Group PLC 020 7138 3300
Emily Meara
Edelman 020 3047 2546
Rob Yates
Notes to Editors
Established in 1987, and listed on the London Stock Exchange since 1993, Workspace owns and manages some 4 million sq. ft. of business space in London. We are home to thousands of businesses, including fast growing and established brands across a wide range of sectors.
Workspace is geared towards helping businesses perform at their very best. We provide inspiring, flexible work spaces in dynamic London locations.
Workspace (WKP) is a FTSE 250 listed Real Estate Investment Trust (REIT) and a member of the European Public Real Estate Association (EPRA).
For more information on Workspace, visit www.workspace.co.uk.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
DISFEFFIMFUSEEF
(END) Dow Jones Newswires
November 27, 2019 02:00 ET (07:00 GMT)
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