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About us

About us

Home to London’s brightest businesses

Established in 1987, and listed on the London Stock Exchange since 1993, Workspace is London’s leading provider of flexible space for London’s brightest businesses.

Our purpose is to inspire your business and give you the freedom to grow. We believe in the right space and with the right support and community, your business can achieve more.

1980s

The company was founded under the name London Industrial in 1987 as a vehicle for the privatisation of the Greater London Council’s industrial property portfolio. Financed by a group of 12 investors, it acquired a portfolio of 18 industrial properties – 710,000 sq. ft. of floorspace – in Greater London.

1990s

The Group floated on the London Stock Exchange in 1993. The following year it acquired a portfolio of industrial estates in the West Midlands.

1999

A major £80m purchase of 23 London properties from Tonex expanded the portfolio by 40%, including many of today’s flagship properties such as Metal Box Factory, The Biscuit Factory, Record Hall and Parkhall.

2001

Workspace sold its Midlands properties and decided to focus its expansion on London.

2006

A portfolio of properties totalling 1.2m sq. ft. was transferred to a joint venture with Glebe Developments for £146m.

2009

During the financial crisis, Workspace raised £81m via a rights issue in 2009 to strengthen our balance sheet and, later that year, the Glebe Joint Venture assets were repurchased for £15m in cash and £68m of stapled debt.

2011

A Joint Venture, the BlackRock Workspace Property Trust (BWPT), was established and seeded with an initial £35m of properties. Workspace had a 20.1% interest in the BWPT joint venture, which comprised eight properties.

A further rights issue raised £63m to accelerate the investment in our existing portfolio and to take advantage of attractive acquisitions.

2014

The Company terminated the successful Glebe Joint Venture for a cash payment of £30m.

2016

We disposed of the eight properties in the BWPT joint venture in May and June 2016 for £131m. Based on the strong performance achieved over the five-year life of the joint venture, Workspace received a performance fee from BWPT of £25m.

2017

Workspace bought three large business centres: Fitzroy Street in Fitzrovia; Salisbury House in Moorgate; and the Centro Buildings in Camden.

2018

Workspace purchased The Shepherds Building in Shepherd’s Bush.

2020

Workspace offers a three-month 50% rent reduction to customers following the outbreak of the Covid-19 pandemic.

2021+

Workspace owns 4m sq. ft. of space across 58 London properties, providing a home to over 3,000 of London's brightest businesses. 

what's different about workspace?

From our heritage in London to more flexibility than most, discover what's different about Workspace. 

  • You have the control

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    Unlike other office providers, Workspace gives you the freedom to do whatever you want with your space, you can turn it into a stunning fashion studio or an inspiring Google-style office – you decide. You get the blank canvas, so you won’t be held back by bland furniture or glass walls that you can’t personalise.

  • Flexible since 1987

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    We’re not a new kid on the block. Workspace has over 30 years of heritage in the property sector as a pioneer of flexible office space. Our properties include many of London’s most characterful and striking buildings, each with their own unique history and all owned and managed by us.

  • Where famous brands grow

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    We are home to London’s brightest businesses. From established brands such as Sonos, to fast-growing, emerging businesses like Dock & Bay and hundreds more including FastTrack100 brands and London favourites like Padella.

  • We believe in London’s SMEs

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    Workspace’s purpose is to give businesses the freedom to grow, because we believe in the right space, teams can achieve more. We offer liberating spaces where businesses can shine - our unique collection of iconic London buildings provides a home for SMEs to express their own identity and grow their own culture in their own space.

One of London's brightest businesses, Dock & Bay, working from Workspace @ The Print Rooms in Southwark

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