New Workspace Group chief executive Jamie Hopkins is reviewing the firm’s property portfolio and business to look for opportunities to add value.
Hopkins, who succeeded Harry Platt on 1 April, said he would identify assets “which are trading at a high value and where there is no opportunity to add value through the brand”, but “is at the analysis stage, not the conclusion stage”.
He added that in general it would continue to be business as usual for the small and medium business space provider, “but with renewed energy and focus”.
Hopkins this week delivered the company’s annual results for the year to 31 March, in which the firm delivered a forecast-beating 8% increase in net asset value to 308p a share.
The net asset value hike came on the back of a 5.1% increase in the value of the firm’s property portfolio, which rose to £760m.
It was driven by operational improvements from occupancy and added value created through development potential.
