Workspace Group PLC Planning Consent (3346K)
April 10 2018 - 1:00AM
UK Regulatory
TIDMWKP
RNS Number : 3346K
Workspace Group PLC
10 April 2018
10 April 2018
WORKSPACE GROUP PLC
WORKSPACE GRANTED PLANNING CONSENT IN LADBROKE GROVE
WORKSPACE Group PLC ("WORKSPACE") is pleased to announce it has
been granted planning permission for a major refurbishment at The
Shaftesbury Centre in Ladbroke Grove, W10.
The existing 13,000 sq. ft. building, valued at GBP4m at 30
September 2017, will be replaced by a new four-floor business
centre, providing 41,000 sq. ft. of net lettable space at an
estimated cost of GBP15m.
The Shaftesbury Centre is a five-minute walk from Ladbroke Grove
with its shops and restaurants, and a 15-minute walk from both
Ladbroke Grove and Kensal Green stations. It is part of a cluster
of five WORKSPACE properties in this vibrant area, directly
opposite Pall Mall Deposit, which is currently undergoing a major
refurbishment. Once complete, the two centres will provide a broad
range of services to customers, including a café and gym
facilities.
Commenting on the announcement, Jamie Hopkins, Chief Executive
of WORKSPACE, said:
"We are delighted with this decision, another positive planning
consent which extends our exciting pipeline of refurbishments. The
Shaftesbury Centre demonstrates our ongoing strategy to drive value
from our existing portfolio as we continue to see strong customer
demand for high-quality business centre space across London."
Ends
For media and investor enquiries, please contact:
WORKSPACE 020 7138 3300
Graham Clemett, Chief Financial Officer
Duncan Pelham, Corporate Communications Manager
Edelman 020 3047 2546
Mav Wynn / Rob Yates
Notes to Editors:
About WORKSPACE:
WORKSPACE is geared towards helping businesses perform at their
very best. The WORKSPACE Advantage is our unique customer offer and
is open to all - we provide inspiring, flexible work spaces with
super-fast technology in dynamic London locations.
Established in 1987, and listed on the London Stock Exchange
since 1993, WORKSPACE owns and manages more than 3.6 million sq.
ft. of business space across 67 London properties. We are home to
some 4,000 businesses including some of the fastest growing and
established brands across a wide range of sectors.
The way businesses work is changing. That's why we continually
invest in providing the technology infrastructure that enables our
customers to think and move fast, and alongside their working
environment, is tailored to each individual business.
WORKSPACE (WKP) is a FTSE 250 listed Real Estate Investment
Trust and a member of the European Public Real Estate
Association.
For more information, please visit www.workspace.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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