Disposal

Workspace Group PLC
26 January 2006

                    
                    WORKSPACE SELLS £42 MILLION PORTFOLIO TO
                             FOCUS ON GREATER LONDON


Workspace Group PLC ('Workspace'), the leading provider of flexible business
accommodation to small and medium sized enterprises in London has announced the
completion of the sale of a portfolio of properties to Dunedin Property Limited
on behalf of the Dunedin Property Industrial Fund.

The portfolio consists of 11 small unit industrial estates all located in towns
outside the M25 totalling 321,142 sq ft in 234 units and producing a net income
of £2.86 million. The cash consideration of £41.7 million reflected a net
initial yield of 6.4% and showed a premium of £1.54 million (3.7%) over the
September 2005 valuation and £3.81 million (10.6%) over book value as at March
2005.

Harry Platt, Workspace Chief Executive commented,

' We are delighted to announce the successful disposal of the majority of our
holdings outside London at a comfortable margin over the last external
valuation.

' These properties have performed very well for us in the past. But looking
forward we are focusing on the expansion of the business within Greater London.
We know the capital intimately. We are confident that we will deliver superior
returns by concentrating our management and marketing skills, as well as our
brand, on opportunities in the Capital.

' We have completed £96.0 million of acquisitions and £48.0 million of disposals
since April 2005. We are tracking more opportunities in the pipeline. We retain
substantial investment capacity and look forward to the future with confidence'.

                                     -ends-

Date: 26 January 2006
For further information contact:

Workspace Group PLC                                   cityPROFILE
Harry Platt, Chief Executive                          Simon Courtenay
Mark Taylor, Finance Director                         Jonathan Gillen
020-7247-7614                                         020-7448-3244

e-mail: [e-mail]
web: www.workspacegroup.co.uk




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