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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 £13.0 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 £272 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%
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