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Companies can reduce costs by up to 35% by sharing office space within fully managed Stonemartin buildings

Reading, UK, 25th July 2007: Stonemartin, premier provider of serviced and managed office space, has launched its new offering, Space2Share, in Davidson House, Reading. The new scheme will give companies the opportunity to share office space with other businesses, at a reduced rate to Stonemartin’s traditional serviced space offer - providing even greater choice to the market.

“With modern business practices and current advances in technology, the desk bound employee is a thing of the past. It is now typical for an office to be half empty most of the time with many workers conducting business on the road, in open environments like Starbucks, airport lounges or they are working from home,” said Steve Head, Partner at Reading-based Commercial Property Consultants, Hicks Baker. “And, with property consuming 20 percent of business cost, second only to wages, organisations cannot afford to continue to finance empty office space. Space2Share has massive implications for the commercial property market and once again Stonemartin is setting the standard for the industry.”

Space2Share provides companies with a prestigious city centre location, within close proximity to public transport links, with all the advantages of being in a Stonemartin building, while reducing overall costs. The offering is based on an all-inclusive pricing structure, providing clients with:

• Furnished Workstation – Space optimising designer furniture provides clients with a permanent workstation at all times - making it a more enviable option than hot desking. Privacy is delivered through the innovative design and layout and sound control systems.

• Safe Storage – lockable units offer plenty of storage for confidential data

• Free Calls – clients will be entitled to 1,000 free national call minutes each month

• Shared Facilities – access to a combination printer/scanner/photocopier/fax machine is provided as part of the package

• Private Meeting Room – all Space2Share clients will have access to a private meeting room free of charge for up to four hours a month.

• Optional Stationary and Accessory Packs – provide new clients with a quick and easy set-up.

“Stonemartin is always looking to anticipate the market and deliver solutions which are aligned with modern business,” said Tim Worboys, Sales and Marketing Director for Stonemartin. “There isn’t a one size fits all solution when it comes to office space, which is why we are constantly evolving our range so that we can provide flexibility and choice for our clients. Our extensive range enables clients to take offices by the hour or day, or we can create a virtual office, or they can take a fully serviced and managed option. Space2Share slots into this range perfectly and compliments our existing range.”

Tim Smith, Director of Reading UK CIC, is the first client to sign up to this new offering. Reading UK CIC is the economic development company charged with sustaining Reading’s economic performance, which consistently outperforms many larger UK cities. Smith currently occupies a small office in Davidson House, and will be moving into Space2Share at the end of July. Here he explains why:

“We have been a client in Davidson House for a couple of years, and have been extremely satisfied with the services and support the building provides. However, the team is often out of the office for more time than we are in, so we are paying for space that we are not fully utilising. As we are expanding, we felt that it was time to review our property costs. We considered a number of office solutions and nothing really compared. Space2Share is the ideal solution for us. It enables our team to mix with other businesses and avoid feeling isolated, we still benefit from all the advantages that Davidson House has to offer, while saving 35 percent on our overhead costs. Problem solved.”

Stonemartin’s Space2 range caters particularly well for small, growing businesses and with the addition of Space2Share now offers:

• Space2 Virtual – mail and/or call handling with access to office facilities
• Space2 Touchdown - a day-to-day check-in, check-out facility with a unique concierge service
• Space2Share – Serviced shared office space

In addition, Space2Share clients will have access to all the services provided by Stonemartin. This includes state-of-the-art conferencing, training and meeting room facilities on-site, as well as an IoD Hub The buildings are furnished and designed to the highest quality, creating impressive surroundings to introduce clients. Stonemartin also provides exceptional service, with essential business and reception/secretarial support, meticulously maintained managed facilities, and a Concierge service.

For further information:

Paula Elliott
C8 Consulting Ltd for Stonemartin
+44 (0) 118 9001132
paula@c8consulting.co.uk

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