Workspace Group PLC

Regulatory Filings • May 3, 2013

National Storage Mechanism | Additional information

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RNS Number : 9518D

Workspace Group PLC

03 May 2013

3 May

WORKSPACE GROUP PLC

PLANNING PERMISSION SECURED FOR FAIRCHARM REDEVELOPMENT

Workspace Group PLC, ("Workspace") London's leading provider of space to new and growing companies, is pleased to announce that it has secured planning permission for a development of 148 apartments and a new 52,000 sq ft Business Centre for creative industries at its Faircharm estate, Creekside, Deptford, SE8. Permission will enable Workspace to create jobs and provide new business space, homes and community facilities.

Workspace plans to redevelop two factory buildings which will provide 46,400 sq ft of space tailored to the needs of small businesses with a particular focus on creative industries.  When completed, the scheme will also include a further 5,600 sq ft of newly built studio space, 148 new residential units as well as creating 350 jobs on site.

As part of the redevelopment, Workspace will create a new public, open space which enables the local community access to Deptford Creek. The company has made a significant financial contribution to support the business community, improve health facilities, education, employment, housing, public open space and transport, and a Cross Rail contribution

Jamie Hopkins, Chief Executive Officer of Workspace commented:

"We are delighted to have secured approval for the Faircharm project.  This is part of our wider redevelopment programme to enhance both core operational income and capital values by repositioning properties. The Faircharm development will provide tailored space to the needs of small creative businesses, a capability which is at the heart of Workspace's key strengths."

For media enquiries please contact:

Workspace Group PLC

Jamie Hopkins, Chief Executive Officer

Graham Clemett, Chief Financial Officer

020 7138 3300

Pelham Bell Pottinger

Victoria Geoghegan

Nick Lambert

020 7861 3925

Notes to Editors

About Workspace Group PLC

* Workspace is a FTSE250 company and has been listed on the London Stock Exchange since 1993

* It has a strong 25 year track record in providing tailored business premises to growing companies in London

* It owns and manages over 100 properties in London providing 5.4 million square feet of space and is home to c. 4,000 businesses employing over 30,000 people

* For more information on Workspace, please visit: www.workspace.co.uk

This information is provided by RNS

The company news service from the London Stock Exchange

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