Re-generation and Investment Targeted with GLE

Workspace Group PLC
8 May 2000


   WORKSPACE AND GLE TO TARGET RE-GENERATION AND INVESTMENT OPPORTUNITIES IN
                                    LONDON

Workspace  Group  PLC, a property company which has over 3,000  tenants  based
mainly  in  London,  and  GLE  Properties, the  specialist  property  and  re-
generation division of the Greater London Enterprise (GLE), have now finalised
a  major co-operation agreement.  The objective of the agreement is to  enable
both parties to target authorities within Greater London for re-generation and
development.

Workspace Group PLC is an entrepreneurial developer of property for small  and
medium sized  enterprises (SME's)  which specialises in re-generation  and the
re-development  of unique properties. GLE Properties owns, trades and  manages
a 550,000 sq ft portfolio of properties throughout London. The agreement  will
enable  both companies to explore the potential for joint ventures from  these
and  other opportunities within the London area.  It will also enable them  to
source  other  projects which may be undertaken in partnership and  offer  the
potential for ultimate acquisitions and retention by Workspace.

Harry Platt, the Chief Executive of Workspace, comments:

'London is clearly the engine of economic growth in the UK and the election of
a  new  London  Mayor along with the London Development Agency should  unleash
further  opportunities.  This agreement will enable the GLE and  Workspace  to
work  together to find opportunities, creating new jobs and helping to  launch
new business.'

Martin Large, Managing Director of GLE Properties, added:

'The  combination  of  the  re-generation and development  expertise  of  GLE,
together  with  the  commercial firepower of Workspace Group  will  provide  a
platform  for  more re-generation initiatives and will allow us  to  pursue  a
wider range of investment and development opportunities.'

Examples  of the type of investment and development opportunities  which  both
parties will jointly pursue include industrial/workspace portfolios in need of
investment and improvements with a significant workspace element.

The Co-operation Agreement will initially last for a period of 12 months.


For further information, please contact:

Harry Platt, Chief Executive            Workspace Group PLC      020-7247-7614
Jonathan Gillen                         City Profile             020-7726-8588

Martin Large, Managing Director         GLE Properties           020-8464-1655
Sue Brown                               Tamesis                  020-7734-1252