Acquisitions

Workspace Group PLC
17 March 2003





                        WORKSPACE ADDS £15M ACQUISITIONS



Workspace Group PLC ('Workspace'), the leading provider of flexible business
accommodation to small and medium sized enterprises ('SMEs') in London and the
South East, has today announced that it has completed three acquisitions in
London for a total of £14.75 million.

Workspace has bought Charles House in Southall, a 76,000 sq. ft converted
factory, the 32,000 sq. ft Seedbed Centre in Romford, Essex and Aladdin
Workspace, a 46,000 sq. ft converted single storey factory in Greenford
Middlesex. The properties provide in total 180 units of accommodation and are
94.8% let. They currently produce a total rental income of approximately £1.5
million, showing an overall net initial return of 9.61%. All three properties
are in Workspace's core markets and complement its existing holdings.

Harry Platt, Chief Executive of Workspace, commented;

' Our acquisition programme continues to gather momentum. All three properties
offer the scope to improve returns under our style of active management. They
are all well located and fit with our existing holdings. We are keen to create
clusters of Workspace properties where we can offer a wide range of space to
small businesses.'



                                     -ends-

Date: 17 March 2003

For further information:
Workspace Group PLC                     City Profile Group
Harry Platt, Chief Executive            Simon Courtenay
Mark Taylor, Finance Director           Ed Senior
020-7247-7614                           020-7448-3244
e-mail: [e-mail]       e-mail: [e-mail]
web: www.workspacegroup.co.uk


                      This information is provided by RNS
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