Workspace Group Reports Strong Q1 Performance

Workspace Group plc R.E.I.T. (GB:WKP) has released an update.

Workspace Group PLC, London’s premier provider of sustainable, flexible workspaces, reported strong performance in the first quarter of 2024, with 307 new lettings and a stable occupancy rate of 88.2%. Rental growth continued with a 1.2% increase in like-for-like rent roll, reaching £111.8 million, and the company achieved a robust balance sheet with £172 million in cash and undrawn facilities. Workspace is also enhancing its portfolio through strategic disposals and the upcoming opening of Leroy House in Islington, set to be its first Net Zero building.

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