Further Asset Disposals, Aligned With Strategy

Workspace Group PLC ('Workspace'), London's leading provider of sustainable, flexible work space, is pleased to announce that it has exchanged and completed on the sale of Morie Street in Wandsworth and exchanged on the sale of Castle Lane in Victoria for a combined total of £22.4m. The aggregate sale price is 3% below the March 2025 valuation and at a net initial yield of 4.3%.

Morie Street comprises 22,000 sq. ft. of office and studio space, while Castle Lane is a 14,000 sq. ft. office building. Due to their size, both assets were identified as low conviction buildings for Workspace following a thorough review of the portfolio as part of Workspace's "Fix, Accelerate and Scale" strategy.

Lawrence Hutchings, Chief Executive Officer of Workspace, commented:

"We are making good progress in delivering our strategy to fix, accelerate and scale the business and our new conviction approach to portfolio management is a key part of our plan. These disposals are consistent with our disciplined approach to recycling capital out of smaller, non-core locations and into our conviction buildings where we can really add value to our creative and innovative SME customers and, in turn, maximise value for our shareholders."

For media and investor enquiries, please contact:

Workspace Group PLC

Paul Hewlett, Director of Strategy & Corporate Development 020 7138 3300

Clare Marland, Head of Corporate Communications

FGS Global

Chris Ryall 020 7251 3801

Guy Lamming