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Contract Wins and Joint Ventures

Workspace sells estate for £30m

30 August 2017 08:20

Workspace has exchanged contracts for the disposal of Zennor Road Industrial Estate in Balham for £30 million.

The three-acre industrial estate totals 67,000 sq ft of net lettable space with an average rent per sq ft of £13.90.

The property was sold at a premium of 84% (£13.7m) to the 31 March 2017 valuation of £16.3m, at a net initial yield of 2.9%.

At 8:20am: (LON:WKP) Workspace Group Plc share price was +5p at 876p

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