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Coverage of London’s small caps continues on proactiveinvestors.com
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The Markets
by Proactive
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Real Estate

Workspace Group clips property portfolio again

Jamie Hopkins, Workspace’s chief executive, said the sales were part of portfolio re-positioning

Serviced premises group Workspace PLC (LON:WKP) has completed a second property sale within the space of four days.

Three properties - Belgravia Workshops, N19, The Ivories, N1, and Spectrum House, NW5, comprising 106,000sq ft of net lettable space- were sold for a total of £51.85mln.

That was a premium of 23.2% (£9.75m) to the 31 March 2018 valuation.

Jamie Hopkins, Workspace’s chief executive, said the sales were part of portfolio re-positioning.

On Friday, the group sold the Marshgate Business Centre in East London for £15mln in cash and the return of a new 33,000sq ft business centre.

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