Workspace added 2.3% to its rent roll in the three months to the end of December according to its interim results.
Increased occupancy – up from 91% to 91.2% – and the completion of two refurbishment projects and a development, plus the purchase of three new buildings, helped build on the previous quarter’s rent roll. Total rent roll is now £80.8m.
Like-for-like rent roll was also up 2.3% – or £1.1m – to £49.9m, an increase of 11.1% year-on-year over the nine months to the end of December 2015.
The company now has 77 directly owned assets with 4.2m sq ft of lettable space commanding an average rent per sq ft of £22.39.
It has another eight assets in its joint venture with BlackRock, the BlackRock Workspace Property Trust, covering 300,000 sq ft of lettable space.
To send feedback, email mike.cobb@estatesgazette.com or tweet @MikeCobbEG or @estatesgazette
