April 14, 2015

RBS to save £18 million a year with office consolidation plans ⁰

by Mark Eltringham • Architecture, Facilities management, News, Property

The Royal Bank of Scotland (RBS) is to close four of its offices in Edinburgh as it moves to consolidate its operations at its Gogarburn headquarters. The change is expected to divest around 344,000 sq. ft. of space at the four existing sites in the centre of Edinburgh, saving some £18 million a year when the move is completed by 2017. By then some 6,000 employees will be working at the HQ in the rural district of Gogar, doubling the number of existing employees on the site. In addition to the consolidation, RBS is opening up the building to new and existing businesses to promote their growth. The plans involve the creation of a centre for entrepreneurs and small businesses which will allow them access to expert advice and finance, develop relationships with RBS and also encourage them to collaborate and share ideas with each other.

April 14, 2015

Cambridge to get new tower as office take up doubles over last decade ⁰

by Sara Bean • Facilities management, News, Property

Both Oxford and Cambridge are experiencing a huge increase in office take-up, but despite Oxford’s reaching an all-time high last year, it is still three-quarters that of Cambridge. Research by Savills has revealed that Cambridge’s office take-up is double what it was 10 years ago. Now a new 39 metre office tower has been approved by Cambridge City Council which will house Cambridge University’s international exams group, Cambridge Assessment. Called The Triangle site the new building will be situated on Shaftesbury Road in Cambridge, which was previously home to Cambridge University Press’s Edinburgh Building. The new building will be designed to bring together Cambridge Assessment’s locally-based staff, currently based at 11 different sites – into one headquarters by 2018, when staff numbers will be about 2,300.

April 14, 2015

Latest issue of the Insight newsletter is now available to view online ⁰

by Sara Bean • Newsletter, Property, Wellbeing, Workplace, Workplace design

In this week’s issue; Justin Miller previews this year’s Milan International Furniture Fair; John Sacks reviews the 35th China International Furniture Fair in Guangzhou and Charles Marks explains why Facebook’s new offices sport a traditional open-plan design. News that commercial occupiers in London are willing to pay a premium for outside access and upper floor views, the latest CIPD research finds that one in three workers have experienced conflict at work, and a US-survey highlights the negative impact on productivity of working with a toxic colleague. There is also video footage of Perry Timms‘ talk on the challenges and opportunities of the future of work made at his TedX in Bucharest. Sign up to the newsletter via the subscription form in the right hand sidebar and follow us on Twitter and join our LinkedIn Group to discuss these and other stories.

April 13, 2015

Approval granted for new 27-storey office building at Canary Wharf ⁰

by Sara Bean • Company news, News, Property

Planning permission has been granted for a new 27-storey office building at 1 Bank Street, Canary Wharf in London. The new 700,000 sq ft office building will comprise office space, three levels of trading floors, a retail unit at ground level, a free-standing retail kiosk on South Dock Promenade, public realm, planting and landscaping and basement car and cycle parking. There will also be public access to a new promenade along the South Dock. According to developers Canary Wharf Group, the new offices will provide capacity for an additional 5,837 full-time equivalent jobs. French bank Société Générale, has already agreed a lease for 280,000 sq ft of 1 Bank Street, covering the ground and first to seventh floors on a 25 year lease. Tower Hamlets also granted Canary Wharf Group outline planning permission for just over 1 million sq ft of space at 1 Park Place.

April 10, 2015

Central London occupiers prepared to pay more for upper floors and terrace ⁰

by Sara Bean • Facilities management, News, Property

There is a growing trend for London occupiers prepared to pay more for upper floors, particularly with access to a terrace, as according to the latest research by Cushman & Wakefield (C&W), unprecedented rental rates are being paid for tower floors and roof gardens. Central London office leasing activity overall, was 2.4 million sq ft for the first quarter of 2015, which equals the same period in 2014, which marked the highest first quarter volumes since 2007. Momentum in the City of London office market has also continued, with a total of 1.8 million sq ft let, up 34 percent for the same time last year. The West End recorded a relatively quiet quarter, with leasing volumes down to just over 600,000 sq ft – the lowest level since mid-2013. However, this is against a backdrop of falling vacancy rates, leading to the increasing migration of commercial occupiers out of the West End.

April 7, 2015

New UK Green Building Council Chief Executive lists challenges ahead

by Sara Bean • Environment, Facilities management, News, Property

Julie Hirigoyen, the former UK Head of Sustainability for property consultants JLL takes over today as the new Chief Executive of the UK Green Building Council. Hirigoyen was previously Managing Director and founding partner of Upstream, a leading sustainability strategy consultancy, acquired by JLL in 2007. She said of her new role today: “Buildings and cities are at the heart of what we need to change if we are to achieve sustainable development. There’s been a huge increase in the importance of this agenda, since when I first started out, we were knocking on closed doors. But we must not kid ourselves – we are only at the early stages of the journey. We are still exceeding the limits of the planet, there are still very few genuinely net positive buildings or companies out there, and we are not achieving sustainability as a scientific concept yet – there is much more to do.”

April 7, 2015

New masterplan submitted for £5bn East London development

by Mark Eltringham • Cities, News, Property, Technology

Developers have submitted a revised masterplan for the £5 billion Greenwich Peninsula mixed use development in East London. The new plans not only increase the number of homes on site but also include a greater focus on digital arts and media studios as well as more high rise buildings in keeping with London’s current predilection for tall buildings and emphasising the shift in London’s centre of gravity eastwards. The original plan, created by Farrell & Partners and dating back to 2004 are described as outdated by developers Knight Dragon, who have submitted the new mixed use plan for around 15,000 dwellings, 59,000 sq.m. of hotel, retail and recreational space and 60,000 sq.m. of office space as well as a design district, space for healthcare buildings, educational facilities, transport hubs, visitor attractions, parking, cycling paths, community facilities and parks.

April 2, 2015

CIBSE launches updated guide to environmental building design

by Mark Eltringham • Architecture, Environment, Facilities management, News, Property

The Chartered Institution of Building Services Engineers (CIBSE) has published the latest edition of Guide A: Environmental Design which the organisation claims is ‘the premier technical reference source for designers and installers of building services, especially low energy and sustainable buildings’. As well as updates to legislation and new research, the edition includes a completely new chapter which identifies specific requirements for achieving quality in environmental building design: adopting a holistic approach as well as a system to assure the quality of design calculations and decisions. The other chapters deal with a specific aspect of design including criteria such as comfort and ambient weather and methods of calculation for performance, heating and ventilation systems, methods for thermal comfort evaluation, energy demand and so on.

April 1, 2015

New safety regulations to affect even routine building maintenance tasks

by Sara Bean • Facilities management, Legal news, Property

Any organisation which intends to contract for construction work could risk fines or imprisonment if they do not comply with new legal safety regulations covering site management. Pinsent Masons, the law firm behind Out-Law.com is warning that The Construction (Design and Management) (CDM) Regulations, which come into force on 6 April, will affect all construction work in the UK. The regulations give ‘clients’, meaning anyone for whom a project is carried out, a greater role. Once in force, the regulations will require commercial firms to appoint a principal designer and principal contractor whenever any work involves more than one contractor – even where the work involved is very limited and over quickly. The scope of ‘construction work’ under the regulations is wide, covering everything from major infrastructure projects to installing new showers.

April 1, 2015

CBRE acquires facilities management business from Johnson Controls

by Mark Eltringham • Company news, Facilities management, Property

Property giant CBRE has reached an agreement to acquire the facilities management business of Johnson Controls for $1.47bn. The deal will see CBRE acquire the Global WorkPlace Solutions (GWS) FM arm of the business, allowing the new enterprise to manage nearly 5bn sq ft of commercial real estate worldwide consisting of 2.3bn sq ft in North and South America, 1.2bn sq ft in EMEA and 1.4 bn sq ft in Asia Pacific. GWS, currently employs around 16,000 people worldwide, and had a turnover of around $3.4bn in 2014.The deal also see the two firms enter into a ten year strategic relationship, with CBRE offering a range of real estate services with Johnson Controls offering HVAC equipment and a range of building automation systems and other products in return. Both firms will also share investment in research and development.

March 27, 2015

The latest issue of the newsletter is now available to view online

by Mark Eltringham • Newsletter, Property, Wellbeing, Workplace, Workplace design

In this week’s issue; we glimpse the lives of Japanese workers who reject social norms and instead choose to live in Internet cafes; a new report explores how artificial light and the dark affect us in more ways than we might think; HSBC announces its plans to relocate a thousand employees from London to Birmingham; the civil service looks for better ways to meet the needs of disabled staff and overcome their current barriers to career progression; the Government reports on the state of its estate including a look at how it is introducing new ways of working to drive change; a new report lays out the challenges and opportunities of the much talked abut subject of workplace wellbeing; and Anna King offers some thoughts on this year’s MIPIM event. Sign up to the newsletter via the subscription form in the right hand sidebar and follow us on Twitter and join our LinkedIn Group to discuss these and other stories.

March 27, 2015

MIPIM demonstrated how property industry is moving with the times

by Anna King • Comment, Property, Workplace design

In its 26th year, the colossus conference that is MIPIM was back in full flow. With 93 countries were present, 4, 500 investors and 22, 000 registered delegates there were numerous developments presenting opportunities around the world. And crucially, there were more people apparently buying than selling, meaning that strong investment activity will follow. A dumbfounding prediction from property agent Cushman & Wakefield, that global real estate investment could rise 11% to 1.2 trillion euros – an indication of just how much healthier the market is. However, the renewed positivity isn’t simply a return to the ‘good times’, it is apparent that the pain the recession brought in 2008 hasn’t been forgotten and we are seeing a revised formula for property that includes sustainability, collaboration and – crucially – people.