BLOCK | Introduction

1

2

WE ARE RE— WORKING HOW PEOPLE WORK.

3

PRESS PLAY → We create versatile, inspiring workspaces for a new era, driven by service and design values and delivered to an exceptional standard — our members have a truly unique and market defining experience.

SPACIOUS CO— WORKING ZONES, CELLULAR PRIVATE OFFICES, MEETING ROOMS & RELAXED LOUNGES. 4

Our award—winning sites provide opportunities to collaborate, innovate and socialise whilst satisfying the demand for flexible, hybrid work environments that perfectly complement working from home.

5

Royal William Yard, Plymouth

6

7

Royal William Yard, Plymouth

8

9

Fairfax, Bristol

10

Fairfax, Bristol

OUR APPROACH IS BASED ON FOUR CORE VALUES:

LOCATION WELLBEING BETTER THINGS PEOPLE 01.

02.

03.

11

04.

01.

12

Our locations are key.

The locations we choose for our portfolio are carefully selected for the ease and convenience of our members — we consider the surrounding environment, local amenities, public transportation routes and accessibility.

13

02.

14

We focus on wellbeing.

We recognise that not everybody works the same, but what we do need is a healthy balance to get the most from ourselves and enjoy our work life to the fullest.

15

03.

16

We’re committed to better things.

We recognise the impact of our operations on the environment and are committed to minimising our carbon footprint. From energy-efficient lighting to waste reduction practices, we strive to create a sustainable workspace that promotes responsible resource consumption and waste management.

17

04.

18

It's all about people.

Our coworking spaces thrive on collaboration and mutual growth. To bring our communities closer together, our centres host regular networking, business seminars and social events, allowing members to meet and network with each other in a friendly environment.

19

FROM START— UPS TO GLOBAL CORPORATES...

20

↓ Current Members

21

OUR PARTNERSHIP OPTIONS 22

→ We operate on Leases, Management Agreements and a unique quasi Lease Partnership model that enables our partners to benefit from the occupier’s lease covenant.

Each contract is structured for the mutual benefit of our partners, our members and BLOCK. Our contracts are fully transparent with no hidden or unexpected costs.

Note: Detailed proposal and Heads of Terms document will be provided as appropriate. *F+E = Furniture and Equipment.

23

01.

02.

03.

Lease Agreement

Management Agreement

Lease Partnership

Term

15 Years

Term

15 Years

Term

Ownership

BLOCK

Ownership

Partner

Ownership

Joint

F+E Funding*

BLOCK

F+E Funding*

BLOCK

F+E Funding*

BLOCK

CAPEX Funding

Partner

CAPEX Funding

Partner

CAPEX Funding

Partner

Property Costs

BLOCK

Property Costs

Partner

Property Costs

Joint

Centre OPEX

BLOCK

Centre OPEX

BLOCK

Centre OPEX

BLOCK

15 Years

24

THE RIGHT TIME FOR FLEXIBLE WORKSPACE

Global FLEX space market 2020

of office space to be flexible in some form by 2030.

of companies surveyed identified flexible office space as the most in demand amenity of the future.

25

2030

OUR REVENUE STREAMS 26

We maximise revenues by providing multiple services to our occupier base ↘

Offices, co-working and associated business services

Meeting Rooms and conferencing

27

Gym and Studios

Café, food and beverages

OUR MARKETING STRATEGY 28

We combine leading digital and traditional marketing tools to promote our locations

↓ DIGITAL User friendly website with clear CTA’s Social Media presence for each location including targeted ad campaigns SEO optimised Content Marketing Regular Newsletters and email marketing AI-driven automation tools via CRM system Targeted Google Ads, incorporating the latest AI technology AI Data Analysis and Insights Influencer Partnerships, increasing visibility and credibility ROI Measurement BLOCK member app and online customer portal

↓ TRADITIONAL Launch event + campaign Broker and agency relationships Events and Socials Local Partnerships and collaborations Local networking Printed Collateral including CGI’s and plans Quality photography and videography Public Relations - onboarding agencies with local knowledge to assist Consistent Signage and Branding Member Referral Program OOH advertising Traditional outreach via sales, supported by marketing materials

29

OUR ENVIRONMENT BRANDING 30

Visual touchpoints are key to our brand — creating a consistent look and feel across all of our portfolio environments.

31

32

33

34

35

WHO WE ARE 36

Ben Cheriton

Rob Pascoe

Managing Director

Commercial Director

BLOCK founder, Ben has overseen and executed multiple business success stories.

With a successful background in retail and leisure, Ben has now turned his attention to delivering the worlds best workspace locations. He possesses a proven track record in turning around struggling businesses and driving returns for investors.

Rob brings an extensive background in Commercial Brand Development and Marketing on a global basis and supports the relevant teams in these areas within BLOCK. He has held senior positions within companies such as Quiksilver, Burberry and The Gro Company.

37

Claire Gray

Katy Hambridge

Niall Ingham

Finance Director

Head of Operations

Workspace Consultant

As the Head of Finance, Claire is one of the founding members of the BLOCK team and has been an integral part of its growth into what has become an awardwinning business during an extremely unpredictable financial period. She prides herself in supporting all areas of a business to achieve the best results within a budget.

As Head of Operations, Katy has been part of the BLOCK team since the beginning, helping shape it into the award-winning business it is today. Passionate about creating streamlined processes and delivering exceptional experiences, she work’s closely with the teams to optimise performance and support the business in achieving its goals.

Niall is a chartered surveyor helping to acquire new spaces for BLOCK across the UK. His previous experience at organisations such as CBRE, The Walkie Talkie Building and regeneration specialists Urban Splash makes him ideally placed to "bridge the gap" between the traditional property world and the fastgrowing flexible office sector.

PROSPECTIVE LOCATIONS 38

Edinburgh Glasgow Newcastle Leeds Manchester Sheffield Liverpool Nottingham Birmingham Worcester Cambridge Cardiff Swansea Bath Southampton London

39

Bristol Taunton Exeter Plymouth

MULTI AWARD WINNING 40

41

PROJECT OF THE YEAR The 2023 Michelmores Property Awards celebrates outstanding property and construction projects throughout Somerset, Devon and Cornwall.

BEST NEW BUSINESS The Notty Business Awards is a prestigious event in business, celebrating the passion and excellence of individuals and organisations.

BEST GYM LIGHTING The National Fitness Awards is an annual event that recognises and honours the best fitness facilities, instructors, and health clubs across the country.

KEEP MOVING FORWARD.

Ben Cheriton Managing Director ben@blockworkspace.co.uk +44 7774 284 000

Niall Ingham Workspace Consultant niall@blockworkspace.co.uk +44 7920 203 857

blockworkspace.com