Annual Report and Accounts 2013

Generating value

From redevelopment and acquisitions, planning gains and refurbishments, direct communication with our customers and hands-on active management, the case studies we highlighted in our last report have all generated significant value.

What we said:

Driving rental growth

How we delivered

Parkhall, SE21 8EN

Our active marketing, digital platforms and flexibility for customers have helped grow like-for-like rental income by 9%.
Repositioning

How we delivered

Exmouth House, EC1R OJH

We anticipate the additional floor and refurbishment of Exmouth House will achieve rental levels similar to that of Clerkenwell Workshops, our other Business Centre in EC1.
Corporate social responsibility

How we delivered

Chester House,
Kennington Park, SW9 6DE

Our customers tell us the BREEAM 'very good' rating at Chester House helped attract them and allowed us to gain rents 20% higher than anticipated.
Redevelopment

How we delivered

ScreenWorks, N5 2EA

ScreenWorks, our new 61,000 sq. ft. Business Centre in Islington is on track to open in December 2013.
Planning gain

How we delivered

The Pill Box, E2 6JL

We made a gain from the sale of surplus land with planning consent. We are now investing in a new Business Centre in Bethnal Green, which is on track to open in January 2014.
Acquisition and disposal
How we delivered
During the year we acquired five new buildings in the BlackRock Joint Venture and sold six from the portfolio.

Properties acquired in 2013

2013 Highlights

Portfolio Potential

The reach and scale of our property portfolio is creating essential business communities across London.

86% of our customers would recommend us.
467,000 website visits in the year.
1,887,730 page visits in the year.
Over 90% of all lettings are completed via our in-house sources such as the website, signage and customer referral.
Worldwide search volumes for 'co-working' have increased by 488% over the last four years.

Our Business Model

What we do
Workspace provides business premises tailored to the needs of new and growing companies across London.

How we do it
Workspace understands the changing needs of these companies and actively adapts and manages its buildings to create an environment for growth.

Where we do it
Workspace owns over 100 properties in London providing 5.2 million square feet of space and is home to some 4,000 businesses employing more than 30,000 people.

Workspace Understands Work Space

Annual report
and accounts 2013

External links
www.workspace.co.uk
Share price and information

Generating value

2013 Highlights

Portfolio Potential

The reach and scale of our property portfolio is creating essential business communities across London.

Our Business Model

What we do
Workspace provides business premises tailored to the needs of new and growing companies across London.

How we do it
Workspace understands the changing needs of these companies and actively adapts and manages its buildings to create an environment for growth.

Where we do it
Workspace owns over 100 properties in London providing 5.2 million square feet of space and is home to some 4,000 businesses employing more than 30,000 people.

How we generate value
Workspace is growing through deep market knowledge, operational excellence and strong customer relationships.

Workspace is enhancing both core operational income and capital values by repositioning specific property assets.

Workspace provides the right properties to attract its customers and the right services to retain them and help them grow.

Workspace Understands Work Space

External links www.workspace.co.uk Share price and information

Generating value

2013 Highlights

Portfolio Potential

The reach and scale of our property portfolio is creating essential business communities across London.

Our Business Model

What we do Workspace provides business premises tailored to the needs of new and growing companies across London.

How we do it Workspace understands the changing needs of these companies and actively adapts and manages its buildings to create an environment for growth.

Where we do it Workspace owns over 100 properties in London providing 5.2 million square feet of space and is home to some 4,000 businesses employing more than 30,000 people.

How we generate value Workspace is growing through deep market knowledge, operational excellence and strong customer relationships.

Workspace is enhancing both core operational income and capital values by repositioning specific property assets.

Workspace provides the right properties to attract its customers and the right services to retain them and help them grow.

Annual report
and accounts 2013

External links
www.workspace.co.uk
Share price and information

What we do
Workspace provides business premises tailored to the needs of new and growing companies across London.

How we do it
Workspace understands the changing needs of these companies and actively adapts and manages its buildings to create an environment for growth.

Where we do it
Workspace owns over 100 properties in London providing 5.2 million square feet of space and is home to some 4,000 businesses employing more than 30,000 people.

How we generate value
Workspace is growing through deep market knowledge, operational excellence and strong customer relationships.