Workspace Group (WKP)

Sector:

Property Investment Trusts

Index:

FTSE 250

432.50p
   
  • Change Today:
      18.50p
  • 52 Week High: 663.00p
  • 52 Week Low: 410.50p
  • Currency: UK Pounds
  • Shares Issued: 192.14m
  • Volume: 773,724
  • Market Cap: £831.02m
  • RiskGrade: 166
  • Beta: 0.00

Workspace opens first 'net zero' building in Islington

By Josh White

Date: Wednesday 13 Nov 2024

LONDON (ShareCast) - (Sharecast News) - Workspace Group announced the opening of its first 'net zero' building, Leroy House in Islington, on Wednesday, after transforming a historic 1930s watchmaker's factory into a 57,000 square foot sustainable workspace to meet strong demand from small-to-medium enterprises.
The FTSE 250 company said that by preserving 90% of the original structure and using concrete with over two-thirds recycled content, it reduced the project's embodied carbon by 40% below the industry standard.

It added that the all-electric building was powered entirely by renewable energy, supported by a smart energy management system, a green roof for biodiversity, and rainwater collection to manage flood risk.

Designed with flexibility and sustainability at its core, Workspace said Leroy House provided naturally lit, well-ventilated open spaces furnished with "upcycled" pieces.

It said 11 leases had already been signed within the first six weeks of marketing.

As part of Workspace's decade-long commitment to retrofitting, which now totalled 1.2 million square feet, the firm said the project also emphasised its social impact.

Workspace said it engaged local suppliers for over 25% of the project spend and partnered with the eXceL Project charity to deliver community programmes, including mentoring and job training.

"We take great pride in our refurbishment-led ethos at Workspace," said the company's head of sustainability, Sonal Jain.

"Leroy House is evidence that retrofitting, not rebuilding, delivers the best outcomes for our customers, the community and the environment.

"By breathing new life into existing structures, as we have done for over 35 years, we preserve London's architectural heritage, blending character with modern space that our customers want."

Jain said 90% of Workspace's customers viewed sustainability as "essential to their business", while over 70% had set their own emissions reduction targets.

"This demonstrates that our approach is not only responsible but also makes good business sense."

At 1240 GMT, shares in Workspace Group were down 0.55% at 541p.

Reporting by Josh White 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 432.50p
Change Today 18.50p
% Change 4.47 %
52 Week High 663.00p
52 Week Low 410.50p
Volume 773,724
Shares Issued 192.14m
Market Cap £831.02m
Beta 0.00
RiskGrade 166

Workspace Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
5.02% below the market average5.02% below the market average5.02% below the market average5.02% below the market average5.02% below the market average
44.00% above the sector average44.00% above the sector average44.00% above the sector average44.00% above the sector average44.00% above the sector average
Price Trend
34.82% below the market average34.82% below the market average34.82% below the market average34.82% below the market average34.82% below the market average
65.52% below the sector average65.52% below the sector average65.52% below the sector average65.52% below the sector average65.52% below the sector average
Income
61.35% above the market average61.35% above the market average61.35% above the market average61.35% above the market average61.35% above the market average
56.52% above the sector average56.52% above the sector average56.52% above the sector average56.52% above the sector average56.52% above the sector average
Growth
22.07% above the market average22.07% above the market average22.07% above the market average22.07% above the market average22.07% above the market average
62.96% above the sector average62.96% above the sector average62.96% above the sector average62.96% above the sector average62.96% above the sector average

What The Brokers Say

Strong Buy 5
Buy 4
Neutral 2
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
  Interim Final
Ex-Div 09-Jan-25 04-Jul-24
Paid 03-Feb-25 02-Aug-24
Amount 9.40p 19.00p

Trades for 03-Apr-2025

Time Volume / Share Price
16:35 200,598 @ 432.50p
16:35 1,343 @ 432.50p
16:35 2,349 @ 432.50p
16:35 140 @ 432.50p
16:35 27,109 @ 432.50p

Workspace Group Key Personnel

CFO David Benson
CEO Lawrence Hutchings

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