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The Ethical Property Company

What they do

The Ethical Property Company own or manage 20 Centres across the UK providing workspace for a wide range of social change organisations including charities, social enterprises, voluntary and campaign groups

In the last year Ethical Property has supported 1,050 charities, social enterprises, small businesses and other not-for-profits through the provision of office, conference, meeting, event, educational, studio and retail spaces. 78% of tenants feel we make a wider social impact.

Ethical Property promotes a more just, equitable, inclusive and sustainable society through the provision of office and retail property and support services to organisations, communities and individuals who share our objectives. We believe in the demonstration and advocacy of our Triple Bottom Line model, which equally values our financial, social and environmental return; and the provision of an ethical investment vehicle for all investors.

The Company also has interests in sister companies in Belgium, Australia, USA and France. It also contributes to The Ethical Property Foundation.

What happened this year

Green House

It has been an exciting year of change and development. This includes welcoming new members to our Board of Directors, building the Senior Management Team, taking on two substantial projects and developing a new strategy that sets out our aims and priorities for the coming years.

From listening to our tenants, we have focused on how we can better, to enable them to achieve greater impact. This has resulted in a series of improvements to our portfolio and offer. These include significant investment in upgrading our IT infrastructure, installing new video conferencing facilities, improvements to communal spaces as well as investment in safeguarding our assets.

Financially, the profit for the financial year was £1,124k, net asset value (NAV) is now £3.04 per share.

Future plans

A potential location in East London is likely to come to fruition in 2022. This will enable EPC to better support communities in areas where they have either existing demand for space, or limited or no presence. The company is also very aware of the need to continue to invest in its existing Centres and the need to achieve consistency, in terms of the services tenants receive and the fabric of the buildings in which they are based.

Key to growth is the need to raise capital whilst retaining the values the company was founded on.

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