IN BRIEF: Workspace Group sells two 'lower-conviction' London assets

Workspace Group PLC - London-based flexible workspace provider - Exchanges on disposal of two ’lower-conviction’ London properties for a total of £11.8 million, in line with their September valuation and at a net initial yield of 5.7%. The buildings being sold are Peer House, a 10,000 square foot office near Gray’s Inn Road in Holborn, central London, and Blocks A and B of Parkhall Business Centre in Dulwich, south London. This comprises 23,000 square feet of light industrial and office space.

Workspace Chief Executive Officer Lawrence Hutchings says: ‘Today’s disposals are another disciplined step towards optimising our portfolio through our conviction?led approach. Recycling capital out of lower-conviction assets sharpens our focus on the buildings where customer demand and returns are strongest. We’re executing our ’fix, accelerate and scale’ strategy at pace and remain firmly focused on rebuilding occupancy and delivering income-led shareholder returns.’

Current stock price: 378.50 pence each, up 0.9% late Thursday morning in London

12-month change: down 27%

Copyright 2025 Alliance News Ltd. All Rights Reserved.