REG - Workspace Grp PLC - WILD COSMETICS GROWS WITH WORKSPACE

WorkspaceAnnouncement

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RNS Number : 5088W  Workspace Group PLC  26 August 2025

26 August 2025

 

WORKSPACE GROUP PLC

 

WILD COSMETICS GROWS WITH WORKSPACE; GOOD PROGRESS

ON LARGE LETTINGS

 

Workspace Group PLC ("Workspace"), London's leading owner and operator of
flexible and sustainable work space, has signed a new lease agreement with
Wild Cosmetics ("Wild") following its acquisition by Unilever. The new lease
agreement will see Wild move into Workspace's current head office at
Kennington Park, with Workspace moving HQ operations to The Centro Buildings
in Camden. The move is expected to take place in October.

 

Wild has been a Workspace customer since 2019, having started in a 200 sq. ft.
unit at China Works in Vauxhall. The business has expanded several times as it
has grown, moving into its existing space of 7,500 sq. ft. across two units in
Kennington Park in 2022. Following the move, Wild will almost double its
footprint with Workspace, expanding into 14,000 sq. ft. of space.

 

The five-year agreement with Wild, at a net rent of £42 per sq. ft., comes as
Workspace is seeing positive momentum with other large space lettings, having
recently signed two further large lettings at Kennington Park for a total of
nearly 16,000 sq. ft.

 

 

Lawrence Hutchings, CEO of Workspace, commented:

 

"Wild is one of many examples of Workspace's innovative and creative customers
which make up around 55% of our London customer base - and typically
outperform other SMEs on growth. Wild has been a major disruptor within the
cosmetics sector in recent years and has seen phenomenal growth since taking
their first space with us six years ago. We're proud to have played a part in
Wild's journey - so much so that we're moving out of our head office at
Kennington Park to make way for their expansion.

 

"This enables us to relocate our HQ to the Centro Buildings in Camden where
our presence will have both a positive impact on occupancy and support the
leasing of Atelier House, part of the Centro Building site. Atelier House is
being refurbished into our small studio format opening early next year to
serve the creators, innovators, disruptors and creators in this vibrant SME
market.

 

"We continue to focus our energy on delivering our strategy to fix, accelerate
and scale. As part of this, we're taking a more targeted approach to fill
larger vacancies, and we're seeing good traction at Kennington Park. As well
as Wild's expansion, we've also secured large lettings to new customers such
as Oliver's Travel and Pinch Design."

 

Freddy Ward, Co-Founder of Wild, commented:

 

"We're really happy to be able to keep our growing team at Kennington Park,
which has been Wild's home since 2022. We have always loved the flexibility
that Workspace has offered us as we've expanded over the years, and what could
be more flexible than moving out of their HQ to allow us to expand."

 

ENDS

 

For media and investor enquiries, please contact:

 

Workspace Group
PLC

Paul Hewlett, Director of Strategy & Corporate
Development                               020
7138 3300

Clare Marland, Head of Corporate
Communications

 

FGS Global

Chris Ryall
 
            020 7251 3801

Emma Black

 

Notes to Editors

 

About Workspace Group PLC:

 

Workspace is London's leading owner and operator of flexible workspace,
managing 4.3 million sq. ft. of sustainable space at 65 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 (WKP) 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, please visit www.workspace.co.uk
(http://www.workspace.co.uk)

 

 

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