By Richard Hook2018-06-06T08:31:00
Flexible office provider Workspace has reported an annual rise in EPRA NAV per share of 8.8% to £10.37 and announced a share placing to help fund new acquisitions.
The company also reported a 20% increase in adjusted trading profit to over £60m in the year to 31 March, driven by 21% net rental income growth.
Workspace’s project pipeline is expected to deliver 773,000 sq ft of both new and upgraded space at an estimated cost of £152m in the coming year and to finance the cost, the group has proposed a placing representing about 9.96% of market capitalisation.
You must be logged in to continue
Register for free to finish this article.
Sign up now for the following benefits:
To access this article REGISTER NOW
Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.