29th Jul 2024 10:02
Workspace Group PLC - London-based provider of flexible workspace - Announces the exchange on the sale of The Planets residential development site in Woking, England for GBP13.0 million. The site, which has planning consent for 366 residential units, has been sold at an 18% premium to March valuations. The development was acquired as part of the GBP272 million takeover of McKay Securities PLC in May 2022.
Chief Executive Officer Graham Clemett says: "This disposal is a further example of our strategy to continually recycle capital into our extensive project pipeline, whilst also strengthening our balance sheet."
Current stock price: 625.00 pence, up 1.1% on Monday morning.
12-month change: up 26%
By Elijah Dale, Alliance News reporter
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