Letting Agreement

Workspace Group PLC
20 April 2000

                               
      WORKSPACE SIGNS OFFICE DEAL WITH NEWS INTERNATIONAL

Workspace  Group  PLC,  ('Workspace'), the  property  company,
today   announces  that  it  has  let  the  entire   remaining
floorspace  at Ensign Court, London, E1, to News International
PLC.  The newspaper group has taken 15,000 sq. ft. (1,394  sq.
m.) of office space on three upper floors on a 13.5-year lease.
The  rent  is  approximately £300,000 per annum.   Workspace's
core  activity  is  the provision of 5.7 million  sq.  ft.  of
flexible  business space and services to over 3,000 small  and
growing businesses in London, South East and the Midlands.

Ensign  Court is located on the Highway, London, E1. Workspace
let the ground floor recently as retail space to wine merchant
Oddbins  on  a  14-year lease.  The entire property  has  been
subject   to   a  recent  £1million  refurbishment   programme
including a 4th floor extension.

Harry Platt, Chief Executive of Workspace Group said,

'   Ensign  Court  has  been  an  outstanding  investment  for
Workspace.   News  International  is  a  strong  covenant  and
clearly  there will be a substantial uplift in the  investment
value of the property.

' The building was part of the group's original portfolio.  We
exploited the opportunity to refurbish and re-let the building
at  a  higher  market  rent.  As with all  properties  in  our
portfolio, if there is potential to generate improved  returns
from  an  alternative  use, we seize  the  opportunities  that
present themselves.

'  The City fringe is now a popular office location, appealing
especially to media, technology and telecommunications  firms.
We  saw  the  opportunity to refurbish Ensign  Court  to  take
advantage of this growing market.
   
For further information contact:

Workspace Group PLC                              City Profile Group
Mark Taylor, Finance Director                    Simon Courtenay
Maddy Carragher, Operations Director             020-7726-8588
020-7247-7614