Workspace Group plc is a real estate investment trust based in London, England. Founded in 1987 by the privatisation of property assets of the former Greater London Council, the company lets office, industrial and workshop space to small and medium-sized enterprises. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The company was founded under the name London Industrial in 1987 as a vehicle for the disposal of the commercial property assets of the defunct Greater London Council. Financed by a group of twelve investors, the company acquired 18 properties from the London Residuary Body, which was charged with disposing the GLC's assets. The firm listed on the London Stock Exchange in 1993 with a market cap of around £813 million, and subsequently expanded geographically with the purchase of industrial estates in the West Midlands. The company changed its name to Workspace Group PLC in 1997. More information...
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