Income, capital growth boost Workspace Group full year profits
8th Jun 2016 07:41
(ShareCast News) - Pre-tax profits at property outfit Workspace Group jumped 8.7% to £391.3m, with revenues up to £101.2m from £83.6m driven by income and capital growth. The company noted the uncertainty caused by the June 23 referendum on UK EU membership, but was confident in the strength of its
Read morePeel Hunt sees opportunities and risks in UK commercial property
12th Apr 2016 13:25
(ShareCast News) - In 2016, and for the first time in four years, UK commercial property shares had not outperformed the All-Share. That had thrown-up appetising opportunities in the sector for the first time in several years as shares de-rated, with the sector changing hands on an average discount
Read moreWorkspace agrees sale of five light industrial buildings for £64m
11th Feb 2016 08:24
(ShareCast News) - Real estate investment trust Workspace announced the disposal of five light industrial buildings for £64m. The industrial estates total 396,000 sq ft of net lettable space, with an average rent per square foot of £9.07. Workspace said the portfolio was sold at a 12% premium to th
Read moreWorkspace sees rise in third quarter rent rolls
22nd Jan 2016 07:58
(ShareCast News) - Third quarter rent rolls at office space provider Workspace rose 2.3% to £80.8m while enquiry and letting activity picked up "significantly" in the new year. Rent rolls were up 16.4% over the nine months from 31 March 2015. Like-for-like occupancy was up to 91.2%, from 91% at Sept
Read moreFriday preview: UK retail sales data, Workspace interims
21st Jan 2016 15:47
(ShareCast News) - UK retail sales data on Friday is expected to show a 3.5% rise in December compared to the same month a year ago. The last report from the Office for National Statistics revealed a 3.9% increase in November. If analysts' projections for December are correct, it would mark a slowdo
Read moreWorkspace to build business centre, 200 homes in Stratford
17th Dec 2015 07:50
(ShareCast News) - A large new business centre and 200 new homes were announced for Stratford on Thursday, with Workspace revealing its final plans for a large site in the east London area. The London-based real estate investment trust received planning permission for the redevelopment of the indust
Read moreWorkspace disposes of another industrial portfolio
9th Dec 2015 07:23
(ShareCast News) - Workspace Group announced the disposal of a light industrial portfolio on Wednesday, totalling three light industrial buildings in Park Royal, London. The exchange of contracts was confirmed in a statement to the market, with the FTSE 250-listed property investor saying the deal w
Read moreDeutsche Bank re-evaluates real estate sector
7th Dec 2015 11:29
(ShareCast News) - Deutsche Bank has upgraded Land Securities from 'hold' to 'buy' and downgraded British Land Company from 'buy' to 'hold' as it re-evaluates the UK real estate sector. The investment bank said in its industry update on Monday that the sector is close to high cycle conditions. "We
Read moreWorkspace makes two acquisitions for £24.4m
23rd Oct 2015 07:34
(ShareCast News) - Workspace has exchanged contracts for two separate acquisitions for a total of £24.4m. The first is for the acquisition of Alexandra House in Wood Green, North London, for £14m. Alexandra House is a 55,000 sq. ft. office building, currently let entirely to the London Borough of Ha
Read moreWorkspace sells Leyton industrial estate for GBP23m
22nd Oct 2015 08:15
(ShareCast News) - Property company Workspace Group has exchanged contracts for the disposal of an industrial estate in Leyton, London, Capital Industrial One BV for £23m . The estate, which totals 135,544 sq. ft., was sold at a premium of 25% to the March 2015 valuation and the disposal reflects a
Read moreWorkspace exchanges contracts on £26m London site
30th Sep 2015 08:04
(ShareCast News) - Workspace Group said it had exchanged contracts to buy the former Mecca Bingo site in London's Wandsworth for £26.1m. The site is made up of a vacant 43,000 sq ft bingo hall and 200 space car park and had been a long-term land assembly target for Workspace, the group added. It si
Read moreWorkspace gets planning consent for Raynes Park redevelopment
22nd Sep 2015 08:33
(ShareCast News) - Property company Workspace Group has been granted planning permission for the redevelopment of Rainbow Industrial Estate in Raynes Park, which was valued at £10.5m in March this year. The estate is situated 500m from Raynes Park train station and currently consists of low rise ind
Read moreFTSE 250 movers: Wetherspoon dips on profit warning, Workspace buoyed rent rise
15th Jul 2015 14:37
(ShareCast News) - Mid-caps were sluggish on Wednesday, with weakness from electronics and energy stocks balanced by promising performances from the real estate, food retail and financial sectors. As of 15:30 BST, the FTSE 250 was trading flat at 17,627. Shares in Wetherspoon plunged after the comp
Read moreWorkspace reports rent roll up 8.9%
15th Jul 2015 09:05
(ShareCast News) - Property company Workspace said its total rent roll was up 8.9% to £75.6m in an interim statement. The FTSE 250 firm said like for like rent roll was up 4.5% for the quarter to £48.6m and up 17.7% over the year from 30 June 2014. The company said it reduced overall interest cost
Read moreFTSE 250 movers: Workspace Group and WH Smith surge on strong results
3rd Jun 2015 13:25
Mid-caps tracked the FTSE 100's gains on Wednesday afternoon despite mixed US data, as strength in the construction and engineering sectors buoyed the market. As of 15:30 BST, the FTSE 250 was trading 0.4% higher at 18,294. Workspace Group led the risers after beating full-year forecasts for profit
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