Basepoint PLC
08 February 2005


Basepoint plc - Official Opening of new MBEC at Swindon

Basepoint plc has officially opened the thirteenth Managed Business, Innovation
and Enterprise Centre (MBEC) to be built by the company since its entry into the
Managed Business Centre sector in 1995. The latest Basepoint Business Centre is
also the fourth such centre to be constructed within the Limited Partnership
Agreement established in April 2003 with Kodak Pension Plan represented by La
Salle Investment Management.

Located in Swindon, Wiltshire the 32,000 sq ft scheme is the largest yet for
Basepoint by number of units. The total cost of the project, including the
purchase of the freehold for the site, came in on budget at #5.4 million with
the finished development providing a mixed range of micro, office, studio and
workshop units for up to 95 sole trader and small business tenants.

Swindon, with its central location and excellent transport links, has been
identified by both the Office of the Deputy Prime Minister and the South West of
England Regional Development Agency as a major hub for economic development in
the region. The Basepoint Business Centre at Swindon has been built with the
full co-operation of the local council, in recognition of the importance that
small businesses play in creating employment and economic activity in the area.

Interest in the Centre from small businesses in the area has already exceeded
initial expectations with eleven units let since the scheme opened its doors at
the New Year and strong interest in a number of other units. Tenants have cited 
the exceptional quality of the facility together with Basepoint's 'easy in - 
easy out' terms as key factors in influencing their occupancy decision.

Interested parties are welcome to tour the new centre by arrangement with the
company.

Notes:

Basepoint plc (symbol: BNT) specialises in the development and operation of
Managed Business, Innovation and Enterprise Centres in Central Southern and the
South-East of England. These centres provide comprehensive, purpose built
accommodation and support infrastructure packages to new and early stage
companies within a supportive and secure environment. Basepoint has a total of
thirteen wholly or part-owned centres currently operational with additional
projects at varying stages of development. As part of the company's ongoing
programme a number of other locations are additionally under assessment.
www.basepoint.co.uk

Contact details;

Robert Cleaver, Chief Executive, Basepoint plc
David Boakes, Finance Director, Basepoint plc
Tel. 01962 842244

Matt Johnson, Gladstone Public Relations
Tel. 01962 820358


8 February 2005 





                      This information is provided by RNS
            The company news service from the London Stock Exchange

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