Workspace sells out-of-town units for £42m

Workspace Group PLC, the flexible business accommodation specialist, has sold a £42m portfolio of properties to Dunedin Property Limited on behalf of the Dunedin Property Industrial Fund in order to focus the business on Greater London. The portfolio is made up of 11 small-unit industrial estates, all in towns outside of the M25. In total the 234 units provide 29,800m² of floor space.

Workspace chief executive Harry Platt said: "We are delighted to announce the successful disposal of the majority of our holdings outside London at a comfortable margin over the last external valuation. Looking forward we are focusing on the expansion of the business within Greater London. We know the capital intimately."