Published on 12th June 2013
Workspace Group operates in a very promising - and profitable - niche of the London property market; renting space to fast-growing smaller businesses and entrepreneurs in the capital, most of them in areas such as technology, media and telecoms. More specifically, occupancy levels at the end of the year were approaching 90% while the total return seen on the portfolio was running at more than four times’ the accepted industry average. Nevertheless, the shares now sell on a 13% premium to their net asset value. Short term, they start to look a little toppy; investors in over the past year might consider taking some profits, writes The Times´s Tempus.