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Share Price:
Up 866.50p
Change Today:
7.00p
Market Cap:
1,569.36m
Sector:
Real Estate Investment Trusts

Workspace gets planning consent for Wandsworth redevelopment

By Michele Maatouk

Date: Friday 26 Jun 2020

LONDON (ShareCast) - (Sharecast News) - Workspace has been given planning consent for the mixed-use redevelopment of two adjacent properties it owns in Wandsworth, South West London.
The 5.4 acre site currently comprises 145,000 sq. ft. of office, leisure and light industrial space, with a rent roll of 2.5m and a property valuation of 46m as at 31 March 2020.

Workspace said on Friday that 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 500m from Earlsfield station, which provides fast access to London Waterloo and Victoria. It's also within easy reach of Wimbledon, Putney and Wandsworth town centres.

Chief executive Graham Clemett 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."

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Workspace Group Market Data

Currency UK Pounds
Price 866.50p
Change Today 7.00p
52 Week High 920.50p
52 Week Low 482.40p
Volume 57,383
Shares Issued 181.12m
Market Cap 1,569.36m

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What The Brokers Say

Strong Buy 3
Buy 0
Neutral 5
Sell 1
Strong Sell 2
Total 11
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Workspace Group Dividends

  Latest Previous
  Final Final
Ex-Div 01-Jul-21 02-Jul-20
Paid 06-Aug-21 07-Aug-20
Amount 17.75p 24.49p

Trades for 22-Jun-2021

Time Volume / Share Price
15:03 126 @ 866.50p
15:03 84 @ 866.50p
15:03 31 @ 866.50p
15:03 35 @ 866.50p
15:03 28 @ 866.00p

Workspace Group Key Personnel

CEO Graham Clemett
CFO David Benson