22nd Oct 2015 06:55
LONDON (Alliance News) - Office provider Workspace Group PLC on Thursday said it has exchanged contracts for the sale of an industrial estate in Leyton in east London for GBP23.0 million.
Workspace has sold the 135,544 square foot estate to Capital Industrial One NV at a premium of 25% to the March 2015 valuation of the site.
"We are delighted with the outcome we've achieved on this disposal. We saw significant interest in the site from a number of potential buyers and are pleased to have sold it at a substantial premium to its book value," said Jamie Hopkins, Workspace's chief executive.
By Sam Unsted; [email protected]; @SamUAtAlliance
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