Workspace sells three properties for €50m

Workspace Group, a London-based provider of flexible workspaces, has sold a portfolio of three properties for £41.7 mln (€49.3 mln).

Workspace

The sale was made in line with the September 2025 valuation and at a net initial yield of 7.9%.
This strategic divestment, in line with their "Fix, Accelerate and Scale" strategy, targeted "low conviction" assets, including 338 Goswell Road, Cannon Wharf, and The Mille.
This sale contributes to the £94.1 mln (€111.0 mln) in assets sold or exchanged this year, with further disposals anticipated.
Workspace currently manages 399,483 m2 of flexible space across 65 locations, serving approximately 4,000 diverse businesses.
Lawrence Hutchings, CEO of Workspace, commented: "As part of our Fix, Accelerate, Scale strategy, we are implementing a conviction-led approach to portfolio management, with a target of £200 mln of disposals - around 20 assets - within two years. The disposal of a further three assets for £41.7 mln demonstrates that our plans are on track and we are maintaining momentum. While our current disposal target is £200 mln, we are constantly reviewing our portfolio to ensure we have the right assets to maximise value for our shareholders."