Workspace says it’s not all doom and gloom for the capital office space Workspace said that despite the “economic doom and gloom”, the capital was still splashing the cash on offices. The London focused flexible working space said profits after interest climbed 33.5 per cent to £29.1m in the half year, driven by a 36.8 per cent (£15.1m) increase in net rental income to £56.1m and ongoing demand [...]
Workspace says office demand remains strong despite strike disruption and extreme weather office Workspace said demand for office space in the second quarter remained resilient, despite extreme hot weather and tube and rail strike disruption. The flexible working space firm reported strong conversion of demand into lettings with 317 lettings completed in the quarter and 642 lettings in the first half, with a total rental value of £17.5m [...]
Flexible office firm Workspace has dip in enquiries but increase in rent roll Return to the office Flexible office firm Workspace suffered a dip in enquiries and a big increase in rent as many return to permanent desk jobs. The company’s average enquiries, viewings and lettings were all down in the first quarter of 2022/3 compared to the same period last year, when some pandemic restrictions were still in place. It reported [...]
Workspace posts slow but steady recovery amid hybrid office return April 7, 2022 Workspace Group makes a bounce back, with like-for-like occupancy for office space up three per cent thanks to SMEs demand.
Workspace bets on the office return with £45m Islington acquisition November 17, 2021 Office-space provider Workspace has announced it has bought out a smaller competitor, The Busworks, in a £45m deal as more people return to offices in London. The FTSE-250 company today said it will upgrade the iconic building, a former Victorian bus factory from 1888, which is currently being used as office spaces to rent. The [...]
Office provider Workspace welcomes office return as occupancy rates rise October 7, 2021 Office-space provider Workspace has said it experienced a strong pick-up in activity last month as the UK gained momentum for the office return. Customer demand improved in the second quarter with an an average of 935 enquiries and 138 lettings per month Like-for-like rent roll was up 2.1 per cent in the first six months [...]
Office demand drops as Workspace reports 33 per cent fall in enquiries January 28, 2021 Workspace remains optimistic about the future of London’s office work despite a sharp drop in enquiries throughout the pandemic. This morning’s results show the group averaged 672 enquiries per month in the third quarter, a 33 per cent drop from the previous year. Lettings per month also fell by 3.4 per cent to 109, driven [...]
Workspace finalises purchases of Edinburgh and Peer Houses January 21, 2015 Workspace Group yesterday announced it had completed the purchase of two major London properties. London’s leading provider of space for new and growing companies said it had bought Edinburgh House, in Kennington, south London, for £25.3m, and Peer House, in the West End, for £6.1m. Originally constructed in the 1970s, and fully refurbished in 2004, [...]
Workspace gets boost from UK’s property boom June 4, 2014 SMALL business landlord Workspace smashed forecasts yesterday after reporting a 43 per cent jump in net asset value thanks to rising rents and a jump in the value of its properties. The real estate investment trust (Reit), which provides trendy office space for small to medium-sized creative businesses such as Moonpig, said its net asset [...]
Workspace grabs slice of London tech market with Clerkenwell buy November 12, 2013 SMALL business landlord Workspace has snapped up an office block near Farringdon for £18.1m as it looks to tap into booming demand for space in the area from technology firms. Chief executive Jamie Hopkins said yesterday that the acquisition of Verulam House on Gray’s Inn Road, whose tenants include Tesco’s Blinkbox, marked its first major [...]