Workspace Group (WKP)

Sector:

Property Investment Trusts

Index:

FTSE 250

539.00p
   
  • Change Today:
      1.00p
  • 52 Week High: 663.00p
  • 52 Week Low: 481.00p
  • Currency: UK Pounds
  • Shares Issued: 192.14m
  • Volume: 1,363,426
  • Market Cap: £1,035.65m
  • RiskGrade: 166
  • Beta: 1.11

Workspace sells Woking development for £13m

By Frank Prenesti

Date: Monday 29 Jul 2024

LONDON (ShareCast) - (Sharecast News) - Workspace Group on Monday said it had sold a residential development in Woking, south of London, called 'The Planets' for £13m.
The company which provides flexible workspace said the redevelopment site formed part of the McKay portfolio acquired in May 2022 and received planning consent for 366 residential units in November 2022. It has been sold at an 18%, or £2m, premium to a March 2024 valuation.

"This disposal is a further example of our strategy to continually recycle capital into our extensive project pipeline, whilst also strengthening our balance sheet," said chief executive Graham Clemett.

Reporting by Frank Prenesti for Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Workspace Group Market Data

Currency UK Pounds
Share Price 539.00p
Change Today 1.00p
% Change 0.19 %
52 Week High 663.00p
52 Week Low 481.00p
Volume 1,363,426
Shares Issued 192.14m
Market Cap £1,035.65m
Beta 1.11
RiskGrade 166

Workspace Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
24.1% below the market average24.1% below the market average24.1% below the market average24.1% below the market average24.1% below the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
23.98% above the market average23.98% above the market average23.98% above the market average23.98% above the market average23.98% above the market average
72.41% above the sector average72.41% above the sector average72.41% above the sector average72.41% above the sector average72.41% above the sector average
Income
47.23% above the market average47.23% above the market average47.23% above the market average47.23% above the market average47.23% above the market average
4.35% below the sector average4.35% below the sector average4.35% below the sector average4.35% below the sector average4.35% below the sector average
Growth
10.18% above the market average10.18% above the market average10.18% above the market average10.18% above the market average10.18% above the market average
35.71% above the sector average35.71% above the sector average35.71% above the sector average35.71% above the sector average35.71% above the sector average

What The Brokers Say

Strong Buy 4
Buy 4
Neutral 3
Sell 1
Strong Sell 0
Total 12
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Workspace Group Dividends

  Latest Previous
  Final Interim
Ex-Div 04-Jul-24 04-Jan-24
Paid 02-Aug-24 02-Feb-24
Amount 19.00p 9.00p

Trades for 21-Nov-2024

Time Volume / Share Price
16:23 380,984 @ 538.00p
16:23 380,984 @ 538.00p
16:35 1,316 @ 539.00p
16:35 817 @ 539.00p
16:35 256,458 @ 539.00p

Workspace Group Key Personnel

CEO Graham Clemett
CFO David Benson

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