Acquisitions and Disposal

Workspace Group PLC
13 November 2006



              WORKSPACE SELLS PARK AVENUE INDUSTRIAL ESTATE, LUTON
                        AND MAKES THREE NEW ACQUISTIONS
                                        
Workspace Group PLC ('Workspace'), the leading provider of flexible business
accommodation to small and medium sized enterprises in London, today announces
further progress in the disposal of non core assets and the reinvestment of sale
proceeds within the Greater London area.

Acquisitions

T Marchant Trading Estate, Bermondsey, London SE16

An inner London industrial estate of 51,000 sq ft, which produces £300,500pa
with 20% void. The estate has been acquired for £6.05m representing an initial
yield of 5.0%, which is expected to improve to 7% on full occupancy at current
ERV's. Site area is 2. 08 acres.

Spectrum House, Gordon House Road, London NW5

A multi let 22 unit business centre of 48,100 sq ft in Kentish Town which
produces £544,400 pa on 92% occupancy acquired for £8.85m. The initial yield is
6.2% off low passing rents

The Seven Sisters, Seven Sisters Road, N15

This is a modern office scheme totalling 20,300 sq ft in 7 self-contained
buildings opposite the Seven Sisters tube station in Tottenham. The property
currently generates £188,800 pa with 14% vacant, generating a yield of 5.9% on
purchase price of £3.2m.

All three acquisitions were made for a cash consideration.

Disposals

Park Avenue Industrial Estate, Luton.

Acquired in 1997 for £5.6m, Workspace has sold this substantial industrial
estate totalling 203,000 sq ft, to Insight for £12.1m.

Harry Platt, Workspace Chief Executive commented,

' We are pleased with these deals, which represent further progress in our
strategy of selling assets outside of London and reinvesting the proceeds within
our core market in the Greater London area. The Luton estate has made useful
returns for shareholders, but we believe that London offers better prospects for
rental and capital value growth. I am confident that the three new acquisitions
will respond well to our style of intensive management, as well as offering long
term development potential.'

                                     -ends-

Date: 13 November 2006

For further information contact:

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


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