Further Disposal Of Low-conviction Assets

Workspace Group PLC ('Workspace'), London's leading provider of sustainable, flexible work space, is pleased to announce that it has exchanged on the disposal of two additional low-conviction assets for a total of £11.8m, in line with the September 2025 valuation and at a net initial yield of 5.7%.

The assets being sold include Peer House near Gray's Inn Road, a 10,000 sq. ft. office building, and Blocks A and B of Parkhall Business Centre in Dulwich, which comprise 23,000 sq. ft. of light industrial and office space. The remainder of Parkhall Business Centre, comprising 99,000 sq. ft. of office, studio and workshop space, is retained by Workspace as a conviction asset in line with its recent portfolio review and strategy launched in June.

Taking into account these latest disposals, Workspace has now exchanged or completed on a total of £106m of low-conviction asset sales, against our two-year target of £200m.

Lawrence Hutchings, Chief Executive Officer of Workspace, commented:

"Today's disposals are another disciplined step towards optimising our portfolio through our conviction‑led approach. Recycling capital out of lower-conviction assets sharpens our focus on the buildings where customer demand and returns are strongest. We're executing our Fix, Accelerate and Scale strategy at pace and remain firmly focused on rebuilding occupancy and delivering income-led 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