MWB plans to up office space

OFFICE space provider MWB yesterday announced it would buy up more properties, following an increase in rental rates during the second half of last year.

The company said average revenue per workstation it rents out now stands at £7,447, up from £6,969 a year earlier. This means the group expects profits to multiply to nearly £5m, compared with £1m a year before.

MWB said it would acquire four new London offices this year.