Harry Platt, Chief Executive of Workspace Group PLC Talks to The Wall Street Transcript.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- The Wall Street Transcript has published an in-depth interview with Harry Platt, Chief Executive of Workspace Group PLC (LSE LSE - Language Sensitive Editor :WKP WKP Well-Known Port WKP Woodville Karst Plain ) in which he talks at length about the Company. The entire 2,500 word interview is available free online at http://www.twst.com/ceos.htm Workspace Group PLC was established in 1987 as the vehicle for the privatisation of part of the former Great London Council's industrial property portfolio. The Company commenced trading on 10 July 1987, with additional capital of GBP GBP In currencies, this is the abbreviation for the British Pound. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 16.7 million subscribed by a group of 12 institutions, and on that date acquired from the London Residuary Body The London Residuary Body was a body set up in 1985 to dispose of the assets of the Greater London Council after the council's abolition in 1986. Similar residuary bodies were set up for the metropolitan counties. a portfolio of 18 small-unit multi-tenanted estates comprising some 710,000 sq. ft of floorspace divided into nearly 600 units with over 400 tenants. The estates were all located in Greater London, predominantly in East London. In describing the Company's growth strategy Mr. Platt states "In late 2003 we presented our plans to double the size of the company over five years. We showed how that can be achieved by organic growth fuelled from rental increases, targeted acquisitions and by keeping gearing roughly around about the 100% level. A year on into that, we're well on target for that doubling of the size of the company on a five-year basis." With regard to the Company's current position Mr. Platt states, "I think where we stand as a company is that with or without REITs, our core business can grow. We are in this marketplace with huge opportunities. If a REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). corporate structure is advantageous for our shareholders, and it delivers value, then obviously we will move forward. For now, we'll wait and see what terms are laid down by the government on it." The Wall Street Transcript does not endorse the views of any interviewees nor does it make stock recommendations. For subscription information call 800-246-7673. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion