What you need to know about changes to business rates and lease renewals

What you need to know about changes to business rates and lease renewals

Business rates are a substantial overhead for many businesses, and therefore those occupying a property need to be aware of the impact of the 1 April rates revaluation and the forthcoming changes to the rates valuation appeals process. The revaluation may affect the level of compensation payable to some business tenants seeking to renew their […]

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Take up of flexible space confirms London’s status as a global coworking pioneer

Take up of flexible space confirms London’s status as a global coworking pioneer

The ‘gig economy’ continues to drive London’s thriving flexible workplace sector which accounted for 8.8 percent of total office take-up in 2016, according to a new study from Cushman & Wakefield. The report claims that the pace of development will continue for the foreseeable future, not least because of the number of corporate occupiers taking […]

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UK public sector property programme to ‘deliver billions to public purse’

UK public sector property programme to ‘deliver billions to public purse’

The UK government has reduced the public sector property estate by over 300,000 square metres delivering savings of £176 million in the last financial year, according to the latest State of the Estate report from the Cabinet Office. Speaking yesterday at the 2017 Government Property Conference, Minister for the Constitution Chris Skidmore announced that since […]

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Plans unveiled for £1 billion mixed use scheme in East London

Plans unveiled for £1 billion mixed use scheme in East London

Developers Knight Dragon have unveiled the details of a landmark £1 billion project as part of  the Greenwich Peninsula regeneration in East London. Designed by architect and engineering firm Santiago Calatrava, the Peninsula Place development marks the latest shift in London’s shift eastwards. The scheme will total 1.4 million sq ft including a new tube […]

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Higher levels of uncertainty blamed for drop in UK commercial construction activity

Higher levels of uncertainty blamed for drop in UK commercial construction activity

Commercial construction activity in the UK for the 12 months to the end of 2016 fell to £16.7 billion, down 14.1 percent on the previous quarter, according to JLL and Glenigan’s Q4 2016 UK Commercial Construction Activity Index. In London, activity declined in a quarterly comparison but increased 2.7 percent compared to the same period […]

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The impact of technology, cyber-risk and the future of corporate real estate

The impact of technology, cyber-risk and the future of corporate real estate

It’s no surprise to say that technology is having a significant impact on the workplace and the use of corporate real estate. The fast pace of change has seen technology impact all aspects of business, government and culture, as well as personal life, with a constant flow of new innovations and solutions helping us to […]

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London salaries fall as UK becomes less capital-centric, and it could be due to Brexit

London salaries fall as UK becomes less capital-centric, and it could be due to Brexit

London continues to be the region with the highest number of advertised vacancies (248,605) and the highest average salaries (£38,449), but its previously unassailable supremacy may soon be challenged, a new survey suggests. According to the latest UK Job Market Report from Adzuna real-time jobs data average salaries in the capital have fallen more (-3.9 percent) […]

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One Public Sector Estate programme now includes around three quarters of UK local authorities

One Public Sector Estate programme now includes around three quarters of UK local authorities

The UK Government’s groundbreaking One Public Sector Estate (OPE) project now includes around three quarters of the country’s local authorities following the announcement that a further 79 councils will join the programme. One Public Estate is a national programme jointly run by the Cabinet Office Government Property Unit and the Local Government Association (LGA). It […]

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UK commercial property continues to bounce back after Brexit, but there’s trouble ahead

UK commercial property continues to bounce back after Brexit, but there’s trouble ahead

Demand for commercial property in the UK continues to grow even as the country prepares to leave the European Union, according to the latest quarterly Royal Institution of Chartered Surveyors (RICS) market survey. The report for Q4 2016 suggests that a large proportion of the increase was linked to the attractiveness of UK commercial property […]

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The impact of technology on corporate real estate: A Panglossian future?

The impact of technology on corporate real estate: A Panglossian future?

Amos Tversky and Daniel Kahneman introduced the concept of Loss Aversion in 1984, highlighting people’s tendency to strongly prefer avoiding losses to acquiring gains. Most studies suggest that losses are twice as powerful, psychologically, as gains. Lose £100 and we will feel a remorse that easily outweighs winning £100. In a similar fashion we find […]

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Barcelona’s iconic tower deserted by tenants who see it as impractical and ‘bad luck’

Barcelona’s iconic tower deserted by tenants who see it as impractical and ‘bad luck’

Visitors to Barcelona may still see Jean Nouvel’s iconic, phallic Agbar Tower as a welcome sight on the city’s skyline, but the building is less loved by its owners and tenants according to a report in Spanish newspaper El Pais. Inaugurated in 2005, the 34-storey skyscraper has been sold twice in three years as tenants […]

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Major corporate real estate occupiers struggle to balance cost cutting with strategic goals

Major corporate real estate occupiers struggle to balance cost cutting with strategic goals

Although the world’s major corporate real estate occupiers retain a focus on managing the costs of their workplace when it comes to making the big decisions, there is a growing emphasis on offsetting this against issues such as staff recruitment and retention. That is the key finding of a new report from Cushman & Wakefield […]

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