BLOCK_LLDECK_BC

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WE ARE RE— WORKING HOW PEOPLE WORK.

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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.

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Royal William Yard, Plymouth →

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OUR APPROACH IS BASED ON FOUR CORE VALUES:

LOCATION WELLBEING BETTER THINGS PEOPLE 01.

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04.

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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.

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02.

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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.

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03.

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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.

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04.

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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.

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FROM START— UPS TO GLOBAL CORPORATES...

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↓ Current Members

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OUR PARTNERSHIP OPTIONS 24

→ 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.

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01.

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Lease Agreement

Management Agreement

Lease Partnership

Term

10 Years

Term

10 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

10 Years

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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.

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2030

OUR MEMBERSHIP PACKAGES 28

→ Various options are available with memberships to suit businesses at every stage of development.

01. OFFICE

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Private office space.

02. FIXED DESK Own desk in co—working zone

03. HOT DESK Shared space in co—working zone

04. DAY/WEEK PASS Unlimited use of shared space in co—working zone

05. VIRTUAL OFFICE Address and postal service

OUR REVENUE STREAMS 30

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

Offices, co-working and associated business services

Meeting Rooms and conferencing

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Gym and Studios

Café, food and beverages

OUR MARKETING STRATEGY 32

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

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OUR ENVIRONMENT BRANDING 34

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

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WHO WE ARE. 42

Ben Cheriton

Robin Pugh

Managing Director

Workspace 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.

A Chartered Surveyor with a twenty-five year career in Commercial Property covering office leasing, tenant representation and flexible workspace, Robin has extensive international experience having worked in the UK, Hong Kong and the Middle East. Now based in the South West his focus is growing the BLOCK portfolio. Robin was formerly Head of Flexible Workspace EMEA with JLL and a Board Director with Orega.

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Rob Pascoe

Claire Gray

Lisa Brammer

Commercial Director

Finance Director

Marketing Director

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.

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.

With a varied career in Marketing, Sales and Business Development, Lisa is passionate about creating long-lasting business relationships, ultra creative campaigns and the growth of local community. Having worked in the Hospitality industry for over 15 years, Lisa has the foundations of customer service firmly instilled in her DNA.

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Agree HOT — Fit Out Plan

TIME

MONTH 01

MONTH 02

MONTH 03

Sign Contract

View space, Feasibility modelling, Heads of Terms

Start Fit Out — Begin Sales & Marketing

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Complete Fit Out

MONTH 06

→ LINE

MONTH 09

Anticipated 50% occupancy

PROSPECTIVE LOCATIONS 46

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

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Taunton Exeter Plymouth

OUR FIRST AWARD —PROJECT OF THE YEAR 48

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

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KEEP MOVING FORWARD.

Ben Cheriton Managing Director →

ben@blockworkspace.co.uk +44 7774 284 000

blockplymouth.co.uk @blockplymouth @blockgymplymouth @blocktaunton