Local authorities spend £3.8bn on commercial property in last five years

Local authorities spend £3.8bn on commercial property in last five years

Local authorities have invested around £3.8 bn in commercial property over the last five years, a new study claims. The report (registration required) from property consultancy Carter Jonas and Revo claims that of the £3.8 bn invested, nearly half was spent on the acquisition of office space. It found that Spelthorne Borough Council in Surrey (pictured)  […]

Share Button
Brexit: CBI stresses importance of getting new rules right for UK construction

Brexit: CBI stresses importance of getting new rules right for UK construction

Brexit presents opportunities for rule changes in sectors such as agriculture, shipping and tourism that could ultimately benefit the British economy and consumers. This is according to a new CBI study, “Smooth Operations, compiled over a six-month period, which states that the opportunities for divergence are vastly outweighed by the costs of deviating from rules […]

Share Button
Rising demand for Grade A office space helps sustain Edinburgh commercial property market

Rising demand for Grade A office space helps sustain Edinburgh commercial property market

Technology, media, and telecommunications (TMT) companies are continuing to play a prominent role within Edinburgh’s office market, accounting for approximately 30 percent of transactions in the city. But rising demand for Grade A office space in Edinburgh by a variety of organisations, including coworking,  private and public sector tenants has fuelled significant occupier demand during […]

Share Button
The UK’s incredible shrinking office phenomenon

The UK’s incredible shrinking office phenomenon

Apparently prompted by the recent boom of so-called ‘micro-homes’ in Britain, commercial property firms Savoystewart.co.uk has set out to investigate whether the ‘micro-trend’ has also taken root in the office sector as well. The firm analysed office floorspace available relative to the number of active businesses in England and Wales from 2012 to 2016, finding that […]

Share Button
Government announces details of new real estate agency

Government announces details of new real estate agency

The UK government has announced the creation of the Government Property Agency (GPA) which will aim to ‘improve the efficiency and effectiveness of the Government Estate and generate benefits of between £1.4 billion and £2.4 billion over the next ten years’. GPA’s initial portfolio of 80 properties will grow to over 1,000 as it takes […]

Share Button
Agile working driving structural change in New Zealand commercial property

Agile working driving structural change in New Zealand commercial property

Technological developments and agile working methodologies are driving significant, structural changes in the requirements for commercial property in New Zealand, according to new research from CBRE. One of these structural shifts is the rise in agile working, which has profound implications for the way office space is used. Unassigned seating is just one aspect of […]

Share Button
With a year to go, occupiers are less concerned than they were about the impact of Brexit

With a year to go, occupiers are less concerned than they were about the impact of Brexit

Occupiers are less concerned about Brexit than they were a year ago, according to a new CBRE research survey of over 100 major occupiers across Europe, most of whom have pan-European or global operations. By late 2017, the proportion of European occupiers worried about Brexit having a ‘very significant’ impact on their operations in the […]

Share Button
UK Government shrinks size of its estate for eighth consecutive year

UK Government shrinks size of its estate for eighth consecutive year

The size of the UK government’s estate fell for the eight consecutive year in 2017, according to the annual State of the Estate report. The Cabinet Office’s report found that the government reduced its land holdings by more than 1m sq ft over the period 2016-2017, netting the government £620m in capital receipts and slashing running costs, which the […]

Share Button
HMRC signs for Manchester HQ as part of nationwide programme of lettings

HMRC signs for Manchester HQ as part of nationwide programme of lettings

HMRC has completed a 25 year letting of 157,153 sq ft at the English Cities Fund’s New Bailey development in Greater Manchester. HMRC will take over the whole of the seven storey 3 New Bailey development with staff moving in from 2022. The move is part of a nationwide programme of lettings in major cities […]

Share Button
Local authorities and developers must work together to boost the quality of new developments, says Green Building Council

Local authorities and developers must work together to boost the quality of new developments, says Green Building Council

The UK Green Building Council (UKGBC) has launched two new resources for developers and local authorities designed to help boost construction standards and improve ‘social value outcomes’.  The first resource is related to residential developments while the second is directly relevant to commercial property. The resource, Social Value in New Development, provides guidance for developers and local […]

Share Button
Flexible working and the rise of coworking reducing demand for London office space

Flexible working and the rise of coworking reducing demand for London office space

The number of new office buildings constructed since the financial crisis in 2008 has fallen in a year on year comparison by 56 percent, according to an analysis of planning applications carried out by property lending platform Lendy. The authors claim that the primary reason for the sharp decrease has been the greater uptake of […]

Share Button
Property and construction industry calls on government to raise the bar on environmental standards

Property and construction industry calls on government to raise the bar on environmental standards

Over 50 influential business leaders from across the construction and property industry have signed an open letter to ministers urging them to introduce policy that will see all new buildings built to net-zero carbon standards by 2030. As a first step towards the 2030 goal, the group calls on the government to swiftly confirm that […]

Share Button
Translate »