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F r o m W i k i p e d i a , t h e f r e e e n c y c l o p e d i a
Workspace Group plc is a real estate investment trust [2] based in London, England. Founded in 1987 by the privatisation of property assets of the former Greater London Council , the company lets office, industrial and workshop space to small and medium-sized enterprises . It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index .
History [ edit ]
The company was founded under the name London Industrial in 1987 as a vehicle for the disposal of the commercial property assets of the defunct Greater London Council .[3] Financed by a group of twelve investors, the company acquired 18 properties from the London Residuary Body ,[3] which was charged with disposing the GLC's assets. The firm listed on the London Stock Exchange in 1993 with a market cap of around £813 million,[4] and subsequently expanded geographically with the purchase of industrial estates in the West Midlands .[3] The company changed its name to Workspace Group PLC in 1997.[5]
The £80 million purchase of 23 London properties from Tonex in 1999 increased the Workspace portfolio by 40%,[6] while the Midlands investments were sold off two years later as the group chose to concentrate on the capital region.[3] Along with eight other major British property companies, Workspace converted to real estate investment trust status upon their introduction to the UK in January 2007.[7]
Portfolio [ edit ]
The portfolio, which comprises a (largely freehold ) mix of office buildings , industrial estates , serviced offices and warehouses primarily for let to small and medium-sized enterprises , was valued at £2.4 billion as at 31 March 2022.[1]
References [ edit ]
^ "Workspace Group FY pretax profit falls; cautious on rising interest rates" . Forbes . AFX News . 11 June 2007. Archived from the original on 4 June 2011. Retrieved 24 May 2008 .
^ a b c d "Company history" . Workspace Group. Retrieved 25 May 2008 .
^ "Judgment Day: Should you buy shares in Workspace Group?" . The Sunday Times . London. 5 December 2004. Retrieved 25 May 2008 .
^ "Workspace Group PLC: Summary Details" . Hemscott. 2 May 2006. Retrieved 25 May 2008 .
^ Wallen, Joanne (9 May 2006). "Workspace making a name for itself" . Citywire . Retrieved 25 May 2008 .
^ Farrow, Paul (8 January 2007). "Reits of passage: a new era for property funds" . The Daily Telegraph . Archived from the original on 14 January 2007. Retrieved 25 May 2008 .
External links [ edit ]
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R e t r i e v e d f r o m " https://en.wikipedia.org/w/index.php?title=Workspace_Group&oldid=1207059446 "
C a t e g o r i e s :
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● C o m p a n i e s b a s e d i n t h e L o n d o n B o r o u g h o f L a m b e t h
● F i n a n c i a l s e r v i c e s c o m p a n i e s e s t a b l i s h e d i n 1 9 8 7
● R e a l e s t a t e c o m p a n i e s e s t a b l i s h e d i n 1 9 8 7
● R e a l e s t a t e i n v e s t m e n t t r u s t s o f t h e U n i t e d K i n g d o m
● C o m p a n i e s l i s t e d o n t h e L o n d o n S t o c k E x c h a n g e
H i d d e n c a t e g o r i e s :
● E n g v a r B f r o m N o v e m b e r 2 0 1 5
● U s e d m y d a t e s f r o m N o v e m b e r 2 0 1 5
● T h i s p a g e w a s l a s t e d i t e d o n 1 3 F e b r u a r y 2 0 2 4 , a t 2 1 : 4 0 ( U T C ) .
● T e x t i s a v a i l a b l e u n d e r t h e C r e a t i v e C o m m o n s A t t r i b u t i o n - S h a r e A l i k e L i c e n s e 4 . 0 ;
a d d i t i o n a l t e r m s m a y a p p l y . B y u s i n g t h i s s i t e , y o u a g r e e t o t h e T e r m s o f U s e a n d P r i v a c y P o l i c y . W i k i p e d i a ® i s a r e g i s t e r e d t r a d e m a r k o f t h e W i k i m e d i a F o u n d a t i o n , I n c . , a n o n - p r o f i t o r g a n i z a t i o n .
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