8 May 2024
WORKSPACE GROUP
PLC
WORKSPACE APPOINTS LAWRENCE
HUTCHINGS AS CEO DESIGNATE
Workspace Group PLC ('Workspace'),
London's leading owner and operator of sustainable, flexible work
space today announces the appointment of Lawrence Hutchings as
its CEO Designate. Lawrence will replace Graham Clemett, who
informed the Board in January of his decision to retire from
Workspace.
Lawrence Hutchings has been Chief
Executive Officer at Capital & Regional PLC since 2017. Prior
to that, he was Managing Director at Blackstone in Australia for
four years, Managing Director, UK Retail at Hammerson PLC and
Director (Property) European Retail at Henderson Global
Investors.
Lawrence is expected to join
Workspace following completion of a notice period at Capital &
Regional. A further update on timing will be provided in due
course.
Duncan Owen, Chair, Workspace, commented:
"We are delighted to welcome Lawrence as our next CEO
following a rigorous process. With over 30 years' deep experience
in the real estate industry and significant expertise in
customer-centric operating businesses, Lawrence is ideally placed
to take the role. The Board and I look forward to working with
Lawrence as Workspace continues to evolve its flexible offer in a
growing part of the market."
Lawrence Hutchings, CEO Designate,
commented:
"I
am honoured to have been selected by the Board as Workspace's new
CEO. Workspace sits at the heart of the flex market with a legacy
of supporting London SMEs and a significant opportunity to continue
its evolution in the future. I look forward to working with the
rest of the team as I get to know the business."
Graham Clemett, Chief Executive Officer, Workspace,
commented:
"Lawrence is a great appointment to lead Workspace in the next
stage of its growth. I look forward to working with him to ensure a
smooth transition."
This announcement has been made
pursuant to Listing Rule 9.6.11. There is no further information
relating to Lawrence Hutchings which is to be disclosed under
Listing Rule 9.6.13.
- ENDS -
For further information, please
contact:
Workspace Group PLC
Clare Marland, Head of Corporate
Communications
020 7138 3300
FGS
Global
Chris Ryall / Guy
Lamming
020 7251 3801
Notes to Editors
About Workspace Group PLC:
Workspace is London's leading owner
and operator of flexible work space, managing five million sq. ft.
of sustainable space with 76 core locations in London and the South
East.
We are home to some 4,000 of
London's fastest growing and established brands from a diverse
range of sectors. Our purpose, to give businesses the freedom to
grow, is based on the belief that in the right space, teams can
achieve more. That in environments they tailor themselves, free
from constraint and compromise, teams are best able to collaborate,
build their culture and realise their potential.
We have a unique combination of a
highly effective and scalable operating platform, a portfolio of
distinctive properties, and an ownership model that allows us to
offer true flexibility. We provide customers with blank canvas
space to create a home for their business, alongside leases that
give them the freedom to easily scale up and down within our
well-connected, extensive portfolio.
We are inherently sustainable - we
invest across the capital, breathing new life into old buildings
and creating hubs of economic activity that help flatten London's
working map. We work closely with our local communities to ensure
we make a positive and lasting environmental and social impact,
creating value over the long term.
Workspace was established in 1987,
has been listed on the London Stock Exchange since 1993, is a FTSE
250 listed Real Estate Investment Trust (REIT) and a member of the
European Public Real Estate Association (EPRA).
Workspace® is a registered trademark
of Workspace Group PLC, London, UK.
LEI: 2138003GUZRFIN3UT430
For more information on Workspace,
visit www.workspace.co.uk