Workspace Group PLC DISPOSAL OF NEWBURY MEDICAL CENTRE (6740T)
26 Juillet 2022 - 8:00AM
UK Regulatory
TIDMWKP
RNS Number : 6740T
Workspace Group PLC
26 July 2022
26 July 2022
WORKSPACE GROUP PLC
WORKSPACE (R) ANNOUNCES DISPOSAL OF NEWBURY MEDICAL CENTRE
Workspace Group PLC ('Workspace'), London's leading provider of
flexible offices, is pleased to announce the simultaneous exchange
and completion on the disposal of a medical centre in Newbury, an
asset from the McKay portfolio acquired in May 2022, for a total of
GBP7.25m. The sale of the property is at a premium of GBP1.15m to
the March 2022 valuation.
Graham Clemett, Chief Executive Officer of Workspace,
commented:
"We are pleased to have completed on this first sale from the
identified non-core assets in the McKay portfolio. We continue to
progress with our disposal programme, targeting completion by
December 2022, with the proceeds expected to significantly reduce
our LTV and increase the proportion of fixed-rate debt."
- ENDS -
For media and investor enquiries, please contact:
Workspace Group PLC
Kate Annakin, Interim Investor Relations Manager 020 7138
3300
FGS Global
Chris Ryall
020 7251 3801
Guy Lamming
Notes to Editors
About Workspace Group PLC:
Established in 1987 and listed on the London Stock Exchange
since 1993. 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).
Workspace(R) is a registered trademark of Workspace Group Plc,
London, UK.
LEI: 2138003GUZRFIN3UT430
For more information on Workspace, please visit
www.workspace.co.uk
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END
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