Workspace Group has spent £31.4 million on the acquisition of two London properties. The group has bought Edinburgh House for £25.3 million and Peer House for £6.1 million. Edinburgh House in Kennington, is close to Oval and Kennington Underground stations, the Vauxhall transport hub on London's South Bank, and Workspace's existing cluster of properties in this area.

Originally constructed in the 1970's and fully refurbished in 2004, the office building is held on a long leasehold, with 76 years unexpired, from the Duchy of Cornwall. The building extends over basement, ground and four upper floors, has a net internal area of 68,300 sq ft and is let in its entirety to the Metropolitan Police Authority until 2030, at a rent of £22/sq ft. There is a tenant break in 2020, and a rent review due in 2015, with discussions over the tenant's future occupational plans ongoing.

The property is being acquired at a yield of 5.2% and at a capital value of £370/sq ft. Peer House adjoins Workspace's existing property at 60 Gray's Inn Road. It is a 10,080 sq ft office building arranged over basement, ground and four upper floors and is currently fully let to five tenants off low rents of £21/sq ft with an average unexpired lease term of 2.7 years.