Strong Lettings Progress At The Centro Buildings

Workspace Group PLC ('Workspace'), London's leading provider of sustainable, flexible workspace, has signed a new five-year lease agreement with the North London NHS Foundation Trust at The Centro Buildings in Camden. The letting is for 16,000 sq. ft. at a net rent of £45 per sq. ft. and is the latest in a series of large space lettings completed at the Camden site, following the vacation of WinTech earlier this year.

The agreement comes as Workspace has completed the refurbishment of Centro Workshops (previously known as Atelier House), one of The Centro Buildings, which included the creation of 40 new small units to cater for Camden's creative and innovative SMEs. Eleven of these units are already let or under offer - an unprecedented early level of commitment that underlines the strength of demand for Workspace's offer.

Lawrence Hutchings, Chief Executive Officer of Workspace, commented:

"The progress we are making at The Centro Buildings is clear evidence of our Fix, Accelerate, Scale strategy in action. The research we conducted earlier in the year showed that Camden is a hotspot for the creators, makers, innovators and disruptors we serve. At Centro Workshops, we have refreshed our product and are rolling out our small-unit offer for the first time in this market to capture that demand. The recent success we've had in letting both small and larger spaces gives us confidence that we have the right approach to rebuild occupancy and deliver shareholder returns."

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