Workspace buys former tobacco warehouse in Angel in £34 million deal

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Chief executive Jamie Hopkins said the group is often showing up to 30 SMEs and start-ups around its 90 buildings in the capital every day.

Its shorter lease lengths allow businesses to expand without being locked into big rental agreements.

The group has paid nearly £34 million for its latest acquisition — Angel House on Goswell Road — which is let but will have scope for new tenants in the next few years.

Workspace’s pre-tax profit jumped 43% to £360 million and rental income rose by 15% to £57.7 million in the year to March 31.

Workspace bought Amnesty International’s Clerkenwell office last week.

 

Hopkins said the firm “is in a great position to benefit from the continuing change and growth that is taking place across the city”.

Shares were up 12.5p to 932.5p.

Source Article from http://www.standard.co.uk/business/business-news/workspace-buys-former-tobacco-warehouse-in-angel-in-34-million-deal-10294586.html

June 4, 2015 |
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