Workspace Group PLC

Regulatory Filings • May 8, 2013

National Storage Mechanism | Additional information

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RNS Number : 2046E

Workspace Group PLC

08 May 2013

Workspace GROUP PLC

PLANNING PERMISSION SECURED FOR

The tower bridge business complex 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 the redevelopment of its property at Tower Bridge Business Complex, Clements Road, London SE16.

The redevelopment will provide 270,000 sq ft of retained business space and 60,000 sq ft of new business accommodation as well as 800 new residential units.

On completion the development will provide Southwark with a major mixed use scheme and its largest hub for small businesses.   This business element is expected to support over 2,000 jobs.

The 12 acre site will become fully integrated into the local community with a 1 acre public park and new routes through the site which will link the 'Blue' Shopping Centre with Bermondsey Underground Station.

Commenting on the announcement, Jamie Hopkins, Chief Executive Officer said:

"We are delighted to announce planning approval at our Tower Bridge Business Complex which is an important step in our continued redevelopment programme. There is strong demand for tailored business space in the area and it is our firm intention to increase the number of jobs on site in order to benefit the local community.  The development also provides a significant boost to both the capital value and rental income of the site."

For media enquiries please contact:

Workspace Group PLC
Jamie Hopkins, Chief Executive Officer	020 7138 3300
Graham Clemett, Chief Financial Officer
Pelham Bell Pottinger Victoria Geoghegan Nick Lambert Duncan Mayall	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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