Joint Venture

Workspace Group PLC
11 July 2000

                     WORKSPACE AND COUNTRYSIDE PROPERTIES

           URBAN REGENERATION AT THREE MILLS EAST LONDON FILM STUDIOS         
                      CONTINUES WITH RESIDENTIAL SCHEME                       
                            
Workspace  Group PLC ('Workspace'), the small business landlord,  announces  a
joint  venture  with  Copthorn  Homes Limited, a  subsidiary  of  housebuilder
Countryside Properties PLC, to develop a residential scheme at its Three Mills
Film Studios site in Bow, East London.  The proposed development will, subject
to planning permission, comprise a mix of 58 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 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.  It is projected that
the scheme will have an end-value of approximately £5 million.

Harry Platt, Chief Executive of Workspace said,

'This  a  new  step for Workspace.  In the past we have sold properties  for
residential  development.  Now in this new Joint Venture with Countryside,  we
have  the skills and expertise to develop sustainable mixed use schemes  which
will enhance our own Workspace product.

'The Three Mills Film Studio Scheme is now moving ahead well. It was a semi-
derelict, redundant gin distillery before we spotted its potential.  It is now
a  thriving  project with a mix of small businesses.  This residential  scheme
will  further  enhance the value that we are creating at the site.   It  is  a
classic  example of how we are able to enhance the value of our properties  by
exploring alternative uses.'

Graham Cherry, Chief Executive of Countryside Properties PLC said,

'Countryside is delighted to be involved with Workspace in this project.  We
have  an  excellent  track record in sustainable mixed use urban  regeneration
schemes,  and  our portfolio of such projects is continuing to expand.   I  am
confident   that   our   relationship  with  Workspace  will   yield   further
opportunities for schemes of this nature in the future.'


Date: 11 July 2000
For further information:

Harry Platt, Chief Executive
Maddy Carragher, Operations Director             Simon Courtenay
Workspace Group PLC                              City Profile Group
020-7247-7614                                    020-7726-8588
e-mail: [e-mail]                e-mail: [e-mail]
web: www.workspacegroup.co.uk

Graham Cherry, Chief Executive
Countryside Properties PLC
01277-260000