Workspace posts 20% rise in NAV

WKP : Workspace posts 20% rise in NAV

Workspace has announced its results for the six months ended 30 September 2014. they say that over this period the EPRA NAV is up 20% to £5.97 from £4.96 on a 15% increase in property values. Earnings per share rose 27% to 8.4p and from this they are paying a dividend of 3.89p, up 10%. the like for like rent roll rose by 6.5% on stable occupancy of 90% but new buildings coming on stream helped push the overall rent roll higher.

Within the portfolio Hatton Square Business Centre (pictured), Barley Mow Centre, Enterprise House, Linton House and Bounds Green are undergoing refurbishment and Poplar Business Park is being redeveloped.

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