Workspace Group completed the acquisition of McKay Securities for $364m.

Workspace Group, an office-space provider, completed the acquisition of McKay Securities, a commercial REIT, for $364m. "The market for office space is shifting, with businesses prioritising greater flexibility and the right location for their teams. This acquisition is a fantastic opportunity to accelerate our growth plans by capturing more of the strong demand we are seeing for our flexible offer in London, whilst selectively extending our reach into attractive commercial locations in the South-East. We will be a larger, more resilient company with an enhanced financial profile, and by applying our proven operational model and expertise, we expect to generate strong returns from McKay's portfolio of high-quality assets over the medium term," Graham Clemett, Workspace CEO.