Grant of Planning Permission

Workspace Group PLC
9 January 2002


                     WORKSPACE AND COUNTRYSIDE PROPERTIES

PLANNING PERMISSION GRANTED FOR RESIDENTIAL SCHEME AT THREE MILLS FILM STUDIOS

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, subject to a Section 106 agreement,
outline planning permission has been granted for its residential development
scheme on land it owns adjacent to its Three Mills Film Studios site in Bow,
East London. Work on site is scheduled to begin in May.

The scheme is being developed in a joint venture with Copthorn Homes Limited,
a subsidiary of housebuilder Countryside Properties PLC. The proposed
development will comprise a mix of 47 live/work units and apartments on a
0.8-acre site.

The scheme will enhance the regeneration of the Three Mills Film Studios
Scheme, a 20-acre site with 600,000 sq. ft of lettable commercial space in
over 120 units. The site is a further example of Workspace's ability to add
value through the active management of its property portfolio.

Harry Platt, Chief Executive of Workspace said,

' This is another example of how the Workspace approach to property adds
value. We have worked hard to transform the Three Mills Studios site into a
thriving working community. We have regenerated a disused gin distillery to
create significant local employment.

' There is an increasing trend amongst local planners who are keen to
encourage brownfield, mixed-use, sustainable developments with a blend of
residential and commercial uses. This is exactly the model that we are
creating at Three Mills.

Graham Cherry, Chief Executive of Countryside Properties PLC said,

' Countryside is firmly committed to developing mixed use urban re-generation
projects such as this one at Workspace's Three Mills Film Studios. We have a
strong track record of developing successful and well-regarded schemes. I am
sure that our relationship with Workspace will yield further opportunities for
co-operation in the future.'

Date: 9 January, 2002

For further information contact:

Workspace Group PLC                    City Profile Group
Harry Platt, Chief Executive           Simon Courtenay
Maddy Carragher, Operations Director   Ed Senior
020 7247 7614                          020 7448 3244
e-mail: [e-mail]      e-mail: [e-mail]
Web: www.workspacegroup.co.uk