Workspace Group
SMEs | |
| Revenue |  £174.2 million (2023)[1] |
|---|---|
 £(2.5) million (2023)[1] | |
| £(37.8) million (2023)[1] | |
| Website | www.workspace.co.uk |
Workspace Group plc is a
History
The company was founded under the name London Industrial in 1987 as a vehicle for the disposal of the commercial property assets of the defunct Greater London Council.[3] Financed by a group of twelve investors, the company acquired 18 properties from the London Residuary Body,[3] which was charged with disposing the GLC's assets. The firm listed on the London Stock Exchange in 1993 with a market cap of around £813 million,[4] and subsequently expanded geographically with the purchase of industrial estates in the West Midlands.[3] The company changed its name to Workspace Group PLC in 1997.[5]
The £80 million purchase of 23 London properties from Tonex in 1999 increased the Workspace portfolio by 40%,[6] while the Midlands investments were sold off two years later as the group chose to concentrate on the capital region.[3] Along with eight other major British property companies, Workspace converted to real estate investment trust status upon their introduction to the UK in January 2007.[7]
Portfolio
The portfolio, which comprises a (largely
References
- ^ a b c d "Annual Report 2023" (PDF). Workspace Group. Retrieved 13 February 2024.
- AFX News. 11 June 2007. Archived from the originalon 4 June 2011. Retrieved 24 May 2008.
- ^ a b c d "Company history". Workspace Group. Retrieved 25 May 2008.
- ^ "Judgment Day: Should you buy shares in Workspace Group?". The Sunday Times. London. 5 December 2004. Retrieved 25 May 2008.
- ^ "Workspace Group PLC: Summary Details". Hemscott. 2 May 2006. Retrieved 25 May 2008.
- ^ Wallen, Joanne (9 May 2006). "Workspace making a name for itself". Citywire. Retrieved 25 May 2008.
- ^ Farrow, Paul (8 January 2007). "Reits of passage: a new era for property funds". The Daily Telegraph. Archived from the original on 14 January 2007. Retrieved 25 May 2008.