Business
FURTHER DISPOSAL OF LOW-CONVICTION ASSETS
Workspace Group PLC has exchanged on the disposal of two low-conviction assets, Peer House and parts of Parkhall Business Centre, for £11.8m, aligning with its September valuation and a net initial yield of 5.7%. These sales contribute to the company's ongoing strategy to optimize its portfolio by divesting less strategic properties, with total low-conviction asset sales now reaching £106m against a two-year target of £200m. The company retains the majority of Parkhall Business Centre, a conviction asset, and aims to focus on properties with stronger customer demand and returns to deliver income-led shareholder returns. Disclaimer*
About this update from Workspace Group Plc
[{"type":"text","content":"\n\n11 December 2025\n \nWORKSPACE GROUP PLC\n \nFURTHER DISPOSAL OF LOW-CONVICTION ASSETS IN LINE WITH STRATEGY\n \nWorkspace Group PLC ('Workspace'), London's leading provider of sustainable, flexible work space, is pleased to announce that it has exchanged on the disposal of two additional low-conviction assets for a total of £11.8m, in line with the September 2025 valuation and at a net initial yield of 5.7%.\n \nThe assets being sold include Peer House near Gray's Inn Road, a 10,000 sq. ft. office building, and Blocks A and B of Parkhall Business Centre in Dulwich, which comprise 23,000 sq. ft. of light industrial and office space. The remainder of Parkhall Business Centre, comprising 99,000 sq. ft. of office, studio and workshop space, is retained by Workspace as a conviction asset in line with its recent portfolio review and strategy launched in June.\n \nTaking into account these latest disposals, Workspace has now exchanged or completed on a total of £106m of low-conviction asset sales, against our two-year target of £200m.\n \nLawrence Hutchings, Chief Executive Officer of Workspace, commented:\n \n\"Today's disposals are another disciplined step towards optimising our portfolio through our conviction‑led approach. Recycling capital out of lower-conviction assets sharpens our focus on the buildings where customer demand and returns are strongest. We're executing our Fix, Accelerate and Scale strategy at pace and remain firmly focused on rebuilding occupancy and delivering income-led shareholder returns.\"\n \n \n- ENDS -\n \n \nFor media and investor enquiries, please contact:\n \nWorkspace Group PLC \nPaul Hewlett, Director of Strategy & Corporate Development 020 7138 3300\nClare Marland, Head of Corporate Communications ...