The portfolio comprises 26 multi-let estates and totals 1.22 million sf.Workspace plans to reinvest the proceeds on building up its presence in its core market in London and the South East.

Chief Executive Harry Platt said: Our Midlands portfolio has performed very well. However, we have proved that we can deliver improved returns from investing in opportunities in the Capital and the South-East. This disposal will provide the firepower to strengthen our dominant position as the leading supplier of space for new and small businesses in London.

Platt said the company planned to double the floor space under management in the region over the next five years.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Office