Workspace Group PLC Planning Consent (5775U)

TIDMWKP

RNS Number : 5775U

Workspace Group PLC

01 April 2019

1 April 2019

WORKSPACE GROUP PLC

WORKSPACE GRANTED PLANNING CONSENT IN LIMEHOUSE

Workspace Group PLC ("Workspace") and Canada Life Investments have been granted planning consent for a significant mixed-use redevelopment on their adjoining properties in Limehouse, E1. This attractively located site is a short walk from both Limehouse and Shadwell railway stations.

Workspace's share of the planning consent (44% of the total) comprises 117 residential units (264 units in total) and 31,000 sq. ft. of new commercial space (70,000 sq. ft. in total). This will replace the current 19,800 sq. ft. light industrial building which was valued at GBP10.8m as at 30 September 2018.

Commenting on the announcement, Jamie Hopkins, Chief Executive Officer of Workspace, said: "We are delighted to receive this planning consent. This redevelopment continues our strategy to deliver added value from our property portfolio."

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For media and investor enquiries, please contact:

Workspace 020 7138 3300

Clare Marland, Head of Corporate Communications

Edelman 020 3047 2546

Annabel Turbutt-Day

Rob Yates

Notes to Editors:

About Workspace Group PLC

Workspace is geared towards helping businesses perform at their very best. The Workspace Advantage is our unique customer offer and is open to all - we provide inspiring, flexible work spaces with super-fast technology in dynamic London locations.

Established in 1987, and listed on the London Stock Exchange since 1993, Workspace owns and manages more than 3.9 million sq. ft. of business space across 65 London properties. We are home to thousands of businesses including some of London's fastest growing and established brands across a wide range of sectors.

The way businesses work is changing. That's why we continually invest in providing the technology infrastructure that enables our customers to think and move fast, and alongside their working environment, is tailored to each individual business.

Workspace (WKP) is a FTSE 250 listed Real Estate Investment Trust and a member of the European Public Real Estate Association.

Workspace(R) is a registered trade mark of Workspace Group Plc, London, UK.

LEI: 2138003GUZRFIN3UT430

For more information on Workspace, please visit www.workspace.co.uk

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April 01, 2019 02:00 ET (06:00 GMT)