Workspace Group plc R.E.I.T. (GB:WKP) has released an update.
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Workspace Group PLC has successfully sold The Planets, a residential redevelopment property in Woking, for £13.0 million, which is £2 million above its March 2024 valuation. This sale is part of the company’s capital recycling strategy to fund its pipeline of projects and fortify its balance sheet. The site, initially part of the McKay portfolio and with permission for 366 residential units, exemplifies Workspace’s commitment to enhancing property value.
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