COVID-19 COMMUNICATION

VICTORY BLOG

VICTORY NEWS

REVIEW OF THE MONTH

OFFERS AND PROMOTIONS

MOTIVATION FOR YOU

AUG2020

THE V-EDITION

BANDING TOGETHER TO BEAT THE ODDS

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Our members are our first and utmost priority and we take pride in always communicating clearly and transparently with them. Therefore, we have been working closely with the building management team at all of our centres to ensure our members are fully updated with any relevant news regarding COVID-19 that may affect their workplace.

As new updates are coming in daily, we are taking the necessary actions to ensure the health and safety of all our members and staff.

During this long journey to ‘normal’ we understand that most of you may be feeling disappointed or frustrated so we please ask you to reach out to us if you have any questions or concerns about your flexible workspace solution. We want to help alleviate any stress you may be encountering.

We understand that businesses are doing it tough at the moment, so we are doing our best to deliver you free and valuable content on our V-Library. It is being updated with new videos weekly and you are guaranteed to find a video that will educate and entertain you.

We hope everyone is doing okay and we especially feel for our Victorian community. As we continue to work together, we can get through this, and come out the other end on top.

Thank you all for your patience and cooperation.

COVID-19 Communication

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Dispelling the Top 5 Most Common Misconceptions About Flexible Workspaces

In this ever-changing environment, flexibility is key to sustaining business so it is no surprise that flexible workspaces are becoming increasingly popular with the global flexible workspace market expected to expand at a CAGR of +12% over the forecast period 2020-2026. Its projected growth and the increasing market is incredible, so how come many entrepreneurs and businesses have held back from using flexible office space?

Here, we tackle and dispel the top 5 most common misconceptions about flexible workspaces and reveal why flexible workspaces are something you should keep in your back corner for business success. Misconception 1: Looks Unprofessional And Unestablished

There is a level of trepidation attached to the idea that without your business name on your office building, clients may presume your business is unprofessional or unestablished. This is not the case at all. What matters to clients is not the brand logo slapped on the front of a building, yet it is the service and value that is delivered.

Instagram, Uber, and Spotify all started at coworking spaces and their value was never diminished because they operated in a flexible workspace. It worked to their advantage as potential clients saw them

as forward-thinking, risk-mitigative, and a business that seeks creative solutions and a collaborative community. Flexible workspaces offer a wealth of high-quality facilities, resources, and superior customer service, never failing to leave a long-lasting impression on members and their clients.

Misconception 2: Coworking And Flexible Workspaces Are Only For Startups, Freelancers, And Solopreneurs

Whilst originally, coworking and flexible workspaces appealed to small startup teams and ‘solopreneurs’, large companies and multi-national enterprises are now seeing the value that flexible workspaces can offer and how it can fit into their flexible work arrangements.

Organisations have learned that employees are happier and more productive with increased flexibility at work and there is less of a need for a large real estate footprint in today’s market.

Flexible workspaces offer various options suitable for the needs of any business. For example, if you are an Australian business and find that you have a growing customer base in Asia, you may want to expand to meet the demands of those new customers but the costs and risks involved in setting up an office are too great; this is where a flexible workspace can assist you. Quickly open a fully-furnished office using a flexible

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workspace provider and start working, all while enjoying 20% to 40% lower costs than a traditional office space; all the business-grade amenities, utilities, and services are already established for you.

Flexible workspaces are accessible, affordable, risk-mitigative, and reap all the benefits of a traditional office space without the long leases and comprehensive expenses.

Misconception 3: Coworking Is Noisy And Distracting

Coworking spaces are a hub of innovative individuals or teams wanting to work, connect, and be productive. As most people there welcome the sound of spontaneous conversations and ideas bouncing off at team discussions, there is a mutual understanding of respect within the community that people are there to work so noise levels are kept low.

74% of professionals felt a boost in their productivity when working in a coworking space as it creates an environment of progress and activity. When complete silence or privacy is needed, flexible workspaces offer private office suites, phone booths, and meetings rooms, giving you the options to have the best of both worlds.

Misconception 4: Flexible Workspaces Are Expensive

This misconception derives from those comparing the cost of working from home to the cost of rented workspace. Working from home is indeed cheaper than working at a flexible workspace, however it can also cost you in more ways than one. Many remote workers report feeling isolated, struggle with juggling the work-life balance, and sometimes feel their productivity and creativity can suffer.

Compared to traditional office leases, flexible workspaces are cheaper and will

not only save you money, but time as well. You can tailor packages to meet your exact business needs and requirements, paying only for what you need and therefore minimising unnecessary expenses. With simple monthly fees covering all outgoings, office equipment, telecom services, administrative services, cleaning, etc. expenses, setting up your dream office can be done within budget.

It is more than just an office you are getting, it offers a community, events, networking opportunities, and more benefits that you wouldn’t get through a traditional office lease.

Misconception 5: You Cannot Customise The Workspace

Not true, it all depends on the specific serviced office provider! If you would like to personalise your space and provide a unique experience for your clients in line with your brand, then you will have to do some research and shop around to find a provider that does so.

Serviced office and flexible workspace provider, Victory Offices, offers a fully customisable fit-out option for your private office suite. The process is seamless and personalised, from having a meeting with a design consultant to establishing the brief, to the formal quotation and finally the setup and handover, the process is that simple.

If you’re after that personal touch, find a serviced office provider that is open to office customisations.

Sometimes, changing up the way you work can feel daunting because of the unknown yet it can also turn into a decision that you won’t look back on and regret. We work for such a long period of our lives and it is beneficial for you and your business to find the right workspace. Flexible workspaces offer many different solutions and it is the flexibility and collaboration of these spaces that will see your business through.

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Victory News

Ausbiz interview with Rob Hay – Head of Distribution and Investor Relations at Collins Street Asset Management

Watch full video interview here.

Recently, Rob Hay was invited to Ausbiz for an interview to speak about the outlook for AREITS and the residential property sector as well as a company whom he believes is well placed to profit from the changing work place dynamics we are all experiencing.

He named Victory Offices (VOL:ASX) as a company who he believes is set to outperform once the pandemic passes.

Hay points out Victory’s fairly attractively-priced opportunity for investors, the growing trend of companies particularly in the professional services area looking to rethink their cost line and the way they use their office premises, and the opportunity in the short term for companies looking for a way to bring their essential employees back into an office-type environment but without taking any long-term commitments on.

Hay reveals from Dexus research that around 80% of us like the idea of working

from home and having that flexibility but the office isn’t dead. He believes as we move forward and progress through the various stages of lockdown and life gets back to normal, there will be a trade-off and a lot more flexibility in the workplace.

Interview between Andrew Troostwijk (Area Director Asia Pacific at Flexioffices) and Misha Baxter (Victory Offices General Manager – Global)

Watch the full interview here.

In this short interview, Andrew and Misha discuss how Victory Offices is meeting the new needs and expectations from their existing members and prospective members, their strategy on new locations, and their experience of entering the Hong Kong market.

Misha discusses the impact COVID-19 has had on Victory Offices and shares how the company has responded to it, including the introduction of the COVID-19 Support and Strategy team, placing Victory members and staff first to ensure they feel safe, and pivoting business solutions to meet client needs during this time.

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Review Of The Month

I highly recommend Victory Offices for any workspace needs your business may have.

Ord Minnett recently opened our Perth office and while we were fitting out and preparing our new office, we used Victory Offices at Exchange Tower to house our staff and meet with our clients. The staff were professional, courteous and a pleasure to deal with. The facilities,

location and views were top notch. The office branding was very discrete and our new clients and visitors could easily have mistaken the office as our own.

The Ords team thoroughly enjoyed their stay at Victory Offices and we would gladly use them again if the opportunity arose.

- Philip Chu, COO, Ord Minnett

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Offers and Promotions

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Not a member yet of Victory Offices? If you are interested in joining our community or know someone that would like to, then sign up to the below introductory packages and start exceeding the benchmark!

“ W E C A N D O M A N Y

T H I N G S T O G E T H E R

T H A T W O U L D B E

I M P O S S I B L E I F W E

W O R K E D A L O N E . ”

- A I L E E N H . C L Y D E

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