# Workspace Group announce disposal of Quality Court

- Link: https://www.directorstalkinterviews.com/workspace-group-announce-disposal-of-quality-court/412799152
- Published: 2019-11-27T07:25:12+00:00
- Author: Amilia Stone

**Workspace Group **(LON:WKP) has announced the exchange of contracts for the disposal
of Quality Court, off Chancery Lane in Holborn, for a total of £15.8m. The sale 
of the property is at a premium of 3% to the 30 September 2019 valuation, a net 
initial yield of 4.3% and a capital value of £930 per sq. ft.

The Grade II* listed building, 100 metres from Chancery Lane station, comprises 
17,000 sq. ft. of net lettable space over five storeys.

> **Graham Clemett, Chief Executive Officer of Workspace Group, commented:**
> “We are pleased to have made this sale of a small office building at a premium
> to book value, providing capital to recycle into our project pipeline and new 
> acquisitions.”

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