Edition:
United Kingdom

Workspace Group PLC (WKP.L)

WKP.L on London Stock Exchange

916.50GBp
15 Nov 2018
Change (% chg)

-61.00 (-6.24%)
Prev Close
977.50
Open
994.00
Day's High
994.50
Day's Low
907.00
Volume
154,572
Avg. Vol
168,547
52-wk High
1,176.00
52-wk Low
897.23

Latest Key Developments (Source: Significant Developments)

Workspace Confirms Early Redemption Of Retail Bonds
Monday, 10 Sep 2018 

Sept 10 (Reuters) - Workspace Group PLC ::CONFIRMS REDEMPTION OF ITS £57.5M 6.00 PER CENT FIXED RATE BONDS, AHEAD OF THEIR MATURITY IN 2019.REDEMPTION WILL BE FUNDED BY DRAWING DOWN ON REVOLVER FACILITIES.  Full Article

Workspace Group sells three London properties for 52 mln stg
Monday, 9 Jul 2018 

July 9 (Reuters) - Workspace Group PLC ::WORKSPACE GRP PLC - DISPOSAL.DISPOSAL OF THREE PROPERTIES, BELGRAVIA WORKSHOPS, N19, IVORIES, N1, AND SPECTRUM HOUSE, NW5, COMPRISING 106,000 SQ. FT. OF NET LETTABLE SPACE, FOR A TOTAL OF £51.85M.PORTFOLIO WAS SOLD AT A PREMIUM OF 23.2% (£9.75M) TO 31 MARCH 2018 VALUATION, AT A NET INITIAL YIELD OF 4.0% AND CAPITAL VALUE PER SQ. FT. OF £488.  Full Article

Workspace Group To Sell Marshgate Business Centre
Thursday, 5 Jul 2018 

July 5 (Reuters) - Workspace Group PLC ::DISPOSAL.WORKSPACE GROUP PLC - EXCHANGE OF CONTRACTS FOR DISPOSAL OF MIXED-USE REDEVELOPMENT OF MARSHGATE BUSINESS CENTRE IN STRATFORD, E15.WORKSPACE GROUP - REDEVELOPMENT, COMPRISING 200 RESIDENTIAL UNITS, HAS BEEN SOLD FOR £15M IN CASH AND RETURN OF A NEW 33,000 SQ. FT. BUSINESS CENTRE.  Full Article

Workspace in proposed placing to help fund project pipeline, acquisitions
Wednesday, 6 Jun 2018 

June 6 (Reuters) - Workspace Group PLC ::TODAY ANNOUNCES A PROPOSED PLACING TO INSTITUTIONAL AND OTHER INVESTORS OF UP TO 16,320,062 NEW ORDINARY SHARES OF 100 PENCE EACH IN EQUITY CAPITAL OF COMPANY.REPRESENTING APPROXIMATELY 9.96% OF CURRENT ISSUED SHARE CAPITAL OF COMPANY..PROCEEDS ARE INTENDED TO BE USED TO FINANCE FOLLOWING: - CAPITAL EXPENDITURE REQUIRED FOR ONGOING PROJECT PIPELINE, WHICH IS INTENDED TO ENHANCE COMPANY'S RENTAL INCOME AND VALUE;.  Full Article

Workspace To Buy Five Centro Buildings In Camden, London For 109 Mln Stg​
Monday, 22 Jan 2018 

Jan 22 (Reuters) - Workspace Group Plc ::‍EXCHANGED CONTRACTS TO ACQUIRE FIVE OF CENTRO BUILDINGS IN CAMDEN, LONDON NW1, FOR £109M​.  Full Article

Workspace Group Says Lettings In Q3 Averaged 86 Per Month ​
Thursday, 18 Jan 2018 

Jan 18 (Reuters) - Workspace Group Plc ::‍LETTINGS IN Q3 AVERAGED 86 PER MONTH COMPARED TO 85 PER MONTH IN SAME QUARTER LAST YEAR​.‍ENQUIRIES AVERAGED 858 PER MONTH IN Q3 ​.‍PRO-FORMA LTV RATIO OF 19% AT 31 DECEMBER 2017, BASED ON 30 SEPTEMBER 2017 VALUATION​.  Full Article

Workspace reports HY net rental income growth of 21 pct
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Workspace Group Plc ::WORKSPACE GROUP PLC - ‍INTERIM RESULTS​.WORKSPACE - HY GROWTH IN NET RENTAL INCOME YOY OF 21% TO £46.1M, RESULTING IN 25% GROWTH IN ADJUSTED TRADING PROFIT AFTER INTEREST TO £29.4M​.WORKSPACE GROUP PLC - ‍HY PROFIT BEFORE TAX OF £123.7M WITH A SIGNIFICANT UPLIFT IN PROPERTY VALUATION (30 SEPTEMBER 2016: £7.1M)​.WORKSPACE GROUP PLC - HY ‍EPRA NET ASSET VALUE PER SHARE OF £10.14, UP 6.4% IN SIX MONTHS​.WORKSPACE GROUP PLC - ‍UNDERLYING INCREASE OF 3.5% IN PROPERTY VALUATION TO £2,139M IN SIX MONTHS​.WORKSPACE GROUP PLC - ‍30% INCREASE IN INTERIM DIVIDEND TO 8.84P​.WORKSPACE GROUP PLC - ‍LOAN TO VALUE AT 20% WITH UNDRAWN FACILITIES (INCLUDING CASH) OF £243M AT PERIOD END​.  Full Article

UPDATE 1-UK Stocks-Factors to watch on Nov 14

Nov 14 Britain's FTSE 100 index is seen opening 24 points lower at 7,030 on Wednesday, according to financial bookmakers, with futures down nearly 0.46 percent ahead of the cash market open.