Workspace has announced a 2% increase in like-for-like rent roll in this quarter in the wake of lettings on new and refurbished assets.
The company’s total rent roll has jumped by 4.9% to £82m over the year.
Workspace has also concluded the BlackRock Workspace Property Trust joint venture with the sale of eight properties for £131m.
Workspace plans to refurbish Pall Mall Deposit, W10, and Southbank House, SE1, and is looking to redevelop Lombard House in Croydon, south London, where there is consent for 96 flats.
Chief executive Jamie Hopkins said: “The full impact on the UK economy of last month’s EU referendum is as yet unknown and we will continue to monitor the situation closely. However, I believe that Workspace, with its strong balance sheet, recognisable brand and compelling customer offer is well placed to take advantage of opportunities to continue to grow the business and deliver shareholder value.”
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