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WKP Workspace Group Plc

488.50
4.00 (0.83%)
Last Updated: 13:31:29
Delayed by 15 minutes
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

Workspace Group PLC Disposal of Quality Court (7439U)

27/11/2019 7:00am

UK Regulatory


Workspace (LSE:WKP)
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From Apr 2019 to Apr 2024

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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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