Acquisition

Workspace Group PLC
12 February 2007



          WORKSPACE INVESTS £30m IN TWO MORE CENTRAL LONDON ACQUISITIONS

Workspace Group PLC ('Workspace'), the leading provider of flexible business
accommodation to small and medium sized enterprises in London, today announces
two further acquisitions.

Exmouth House, Pine Street, Clerkenwell EC1

This is an attractive, four storey small unit office scheme with frontage to the
busy Exmouth market. The building totals 52,242sq ft in 21 units and produces a
rental income of £953,000pa, yielding 5.2% on the purchase price of £18.1m. The
building is let to mostly media related tenants, with 5% void.

The building has excellent growth potential in an improving part of central
London, and compliments other properties owned by Workspace nearby at
Clerkenwell Close and Bowling Green Lane.

Avro House and Hewlett House, Havelock Terrace, SW8

Situated just off Battersea Park Road, close to Battersea Power Station, these
buildings have been acquired from the London Borough of Wandsworth. The property
consists of two buildings separated by a central service yard, providing small
unit workspace and offices on ground and two upper floors. Purpose built by the
local authority in the early 1970's, the scheme totals 58,038sq ft in 52 units
and currently produces £418,000pa, with 25% vacant. The purchase price is
£10.025m, to show an initial yield of 4.2%, with potential for improvement to
7.5% by increasing occupancy and rents.

Harry Platt, Chief Executive of Workspace commented,

'We are delighted to have made two further substantial acquisitions, in what is
still a very competitive market. Both properties meet the needs of London's
small business community in locations with excellent growth potential.

Both of these properties compliment our existing buildings nearby and follows
our strategy to improve the range of accomodation that we can offer customers in
these locations.

We remain optimistic about prospects for London and will continue to make
acquisitions where we believe our business model will add value.'

                                     -ends-

Date: 12 February 2007

For further information:

Workspace Group PLC                                   cityPROFILE
Harry Platt, Chief Executive                          Simon Courtenay
Mark Taylor, Finance Director                         020-7448-3244
020-7247-7614
web: www.workspacegroup.co.uk





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