Buy
Sell
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
  3.40 0.69% 495.80 495.80 498.00 502.00 484.80 490.20 135,134 12:29:35
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 161.4 72.5 40.0 12.4 898

Workspace Group PLC Planning Consent

26/06/2020 7:00am

UK Regulatory (RNS & others)


Workspace (LSE:WKP)
Historical Stock Chart


From Jun 2020 to Sep 2020

Click Here for more Workspace Charts.

TIDMWKP

RNS Number : 1478R

Workspace Group PLC

26 June 2020

26 June 2020

WORKSPACE GROUP PLC

WORKSPACE GRANTED PLANNING CONSENT FOR MAJOR MIXED-USE REDEVELOMENT IN WANDSWORTH

Workspace Group PLC ("Workspace") is pleased to announce it has been granted planning consent for the mixed-use redevelopment of two adjacent properties which it owns at Riverside and Garratt Lane, in Wandsworth, SW18.

The 5.4 acre site currently comprises 145,000 sq. ft. of office, leisure and light industrial space, with a rent roll of GBP2.5m and a property valuation of GBP46m as at 31 March 2020.

The planning consent is for a new 106,000 sq. ft. business centre and 65,000 sq. ft. of new light industrial space, both on Garratt Lane, and 402 residential apartments set back from the road along the River Wandle, including 35% affordable housing. Garratt Lane is just 500m from Earlsfield station, providing fast access to London Waterloo and Victoria and within easy reach of Wimbledon, Putney and Wandsworth town centres.

Commenting on the announcement, Graham Clemett, Chief Executive Officer of Workspace, said:

"This planning consent is a great example of our employment-led regeneration approach in an area we know well. It will create a vibrant destination for businesses of all sizes, alongside delivering much needed well-designed apartments attractively located alongside the River Wandle. These projects are a key part of our growth strategy, expanding our footprint and generating increased value for our shareholders and the communities we serve."

Ends

For media and investor enquiries, please contact:

Workspace 020 7138 3300

Clare Marland, Head of Corporate Communications

Edelman 020 3047 2546

Rob Yates

Notes to Editors:

About Workspace Group PLC:

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).

LEI: 2138003GUZRFIN3UT430

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

MSCSESFUIESSEEM

(END) Dow Jones Newswires

June 26, 2020 02:00 ET (06:00 GMT)

1 Year Workspace Chart

1 Year Workspace Chart

1 Month Workspace Chart

1 Month Workspace Chart
ADVFN Advertorial
Your Recent History
LSE
WKP
Workspace
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20200924 11:44:45