Landmark Lloyd’s building sold to Chinese insurance firm in commercial property deal

by • Architecture, News, Property

Landmark Lloyd's building sold to Chinese insurance firm

The iconic Richard Roger’s-designed Lloyd’s Building at One Lime Street, London EC3, has been sold to Ping An, a Chinese insurance company for £260 million, it’s been confirmed. The Lloyd’s Building will continue to house the world’s leading insurance market as it is let in its entirety to the Society of Lloyd’s on a lease expiring in 2031. Jon Crossfield, director within Savills’ Central London team, says “This is a potentially landmark transaction, given it is the first by a Chinese Insurance company overseas.  It is a high profile and confident entry to the market for them and further illustrates the dominance of overseas investors in London at present.” The commercial property deal, which represents the first purchase by a Chinese insurance company in the UK was managed by Commerz Real and advised by Savills and CBRE.

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Lifecycle management most important aspect of BIM say FMs

by • Architecture, Facilities management, News, Workplace design

The relationship between Building Information Modelling (BIM) and lifecycle management is the most important factor for facilities managers, who, along with owners and occupiers believe BIM will becoming increasingly important in day-to-day working practices within the next two to three years. The findings are from a poll of individual members of the BIM4FM group which represents institutes, trade associations and professional bodies within the built environment. “The results clearly show that there is recognition that BIM offers the opportunity to improve the lifecycle management of buildings. Interestingly there is both a desire, and an expectation for BIM to be able to support better working practices and improve operation and maintenance of buildings in practice:” said Geoff Prudence Chairman of the BIM4FM group More →

The world’s enduring love hate relationship with its tall buildings

by • Architecture, Comment, Property

One day, news will emerge from Dubai of a new development that doesn’t break some record or other, or at least one that isn’t solely about the size of a building. The latest example of the Emirati obsession with scale is the plan by developers DMCC, the people who brought you the Jumeirah Lake Towers, to create the world’s largest commercial office building as part of a 107,000 sq m development of their business park. Although still in the development stage, the developers have their eyes on usurping the current holder of the tallest office crown, Taipei 101, the 509m-high building which was the world’s tallest tower of any sort until the Burj Khalifa came along in 2010. In their press announcement the developers claim the new tower will act as a magnet for multinationals, although not everybody is quite so enamoured of the idea that tall is best. More →

Video: is this the world’s most sustainable office building?

by • Architecture, Environment, Facilities management, Workplace design

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What is claimed to be the world’s most sustainable office building has just achieved a platinum LEED certification. The NuOffice building in Munich was supported by the EU funded Direction project which promotes energy efficient and sustainable building design along with the  Fraunhofer Institute for Building Physics (IBP). The focus of the building’s design is on energy efficiency and applies radiant heating and cooling technology, switchable glazing and innovative insulating material to reduce the environmental footprint and running costs of the building. The developers claim that local energy costs have increased by 50 percent over the last decade so the new building which is expected to reduce energy consumption by 90 percent can offer a substantial cost saving over conventional designs.

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Wellness in Real Estate resolution passed for U.S. built environment

by • Architecture, Environment, News, Workplace design

The influential U.S. Conference of Mayors (USCM) has voted unanimously to pass a Wellness in Real Estate Resolution which commits to promoting buildings that “use a combination of criteria and features that will enhance the well-being of occupants and address growing preventable health concerns and costs.” The resolution is one of ten new sustainability resolutions for the U.S. built environment commended by the American Institute of Architects (AIA) and the U.S. Green Building Council (USGBC), which praised the USCM for “showing courage and leadership by embracing a strong sustainability and green building policy agenda”. More →

Designs unveiled for new Google London headquarters in King’s Cross

by • Architecture, News, Property, Workplace design

Detailed plans have been submitted for the design of the new Google London headquarters building in King’s Cross. The 1 million sq. ft scheme designed by architects Allford Hall Monaghan Morris does not exceed 11 storeys at any point and will be home to up to 4,500 employees, double the company’s current London workforce and potentially making it the largest Google operation outside of New York.  The scheme is part of a wider development of Kings Cross and will incorporate 750,000 sq. ft. of office space with 50,000 sq. ft. of shops and cafes.  Current employees will relocate from three existing buildings in the capital.  Subject to approval for the detailed design from Camden Council, who have already granted planning permission,  work will begin on the site next year with completion set for 2016-2017.

Google is evidently keen to emphasise its investment in the UK, following weeks of criticism of its tax affairs from the media and politicians. Dan Cobley, Google UK’s managing director, in announcing the details of the development said: ‘Building our new headquarters in King’s Cross is good for Google and good for London.’ Certainly the deal is one of the biggest in recent years in the UK property industry, worth around £650 million and is expected by the developers to create 1,500 construction jobs and 35,000 new employment opportunities over all.

Some of the more interesting aspects of the proposed design are:

  • The primary way for workers to move between floors will be stairs rather than lifts as the firm looks to challenge the sedentary workstyles of staff. No news yet on any wretched slides.
  • The building is designed as a ‘groundscraper’ eschewing London’s recent trend for tall buildings, but is larger than the Shard at 1,083 ft long compared with the Shard’s 1,016 ft height.
  • Over two thirds (71 percent) of the office space are designated for workstations with the remainder set aside for meeting and breakout spaces, cafes and lobbies. Nearly half of the roof of the building will be landscaped.
  • The intention is to achieve a BREEAM outstanding accreditation.
  • The architects claims the design is inspired by the Victorian industrial heritage of the area and will act as a theatre in which the drama of Google’s business will unfold, but with stage settings that can change quickly and easily.

Commenting on the development, Simon Allford, of Allford Hall Monaghan Morris, said: ‘This building is underpinned by cutting edge design intelligence and technologies to provide a sophisticated twenty first century working environment for Google’s staff. The architectural approach, which has taken inspiration from King’s Cross and St Pancras International railway stations, complements the local area’s strong industrial heritage and will be a building London can be proud of.’

Under a quarter of US staff enjoy optimal working environment, claims report

by • Architecture, Facilities management, Flexible working, Knowledge, Workplace design

American flag cakeArchitecture firm Gensler has released the results of its 2013 US Workplace Survey. The report claims that under a quarter (24 percent) of US workers work  in an optimised working environment with the remainder suffering from unnecessary lost productivity and a lack of innovation and engagement. The survey of more than 2,000 knowledge workers from across the US examined specific design factors across four work modes defined by Gensler: focus, collaboration, learning and socialising. The report concludes that the modern workplace has a  number of new and increasingly important drivers including new technology, globalisation, generation Y and so on which define where, when and how workers perform their jobs and concludes that the ability to balance focus and collaboration with strategic workplace design is essential.

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Approval for first commercial building to achieve top eco-build standards

by • Architecture, Environment, News, Property

 Approval granted to first commercial building to achieve top eco-build standards

A major new £8m low carbon building, which is the first commercial building to be designed to achieve both Passivhaus and BREEAM Outstanding certifications has been granted planning permission. The Enterprise Centre at the University of East Anglia (UEA), designed by UK-GBC members Architype and BDP, as well as Churchman Landscape Architects, also aims to set radical new sustainability standards in terms of embodied energy and use of materials from renewable sources. Ben Humphries, Associate Director from Architype and lead designer for the project, described the building as an “exciting and innovative piece of architecture.” More →

Land Securities £260m development confirms City office confidence

by • Architecture, Company news, News, Property

Land Securities announcement today of a £260 million development of 1 & 2 New Ludgate, EC4, a speculative mixed-use development in the City of London confirms a growing confidence in the City office market. The 379,000 sq ft scheme occupies an island site near St Paul’s Cathedral and comprises two distinct buildings united by a new public piazza, which together aim to offer 346,000 sq ft of office accommodation set around open and green spaces. Colette O’Shea, Head of Development, London said: “Our decision to commence the speculative development of 1 & 2 New Ludgate reflects our confidence both in the City office market, where we believe supply of new space will be constrained in 2015, and in the quality of the attractive and highly efficient office space we are creating.” More →

Only one commercial office building in RIBA National and EU Awards

by • Architecture, News, Workplace design

Quadrant 3 on Regent Street in London

Just one commercial office building – Quadrant 3 on Regent Street in London [pictured] by Dixon Jones with Donald Insall Associates – has received a prize in the 2013 Royal Institute of British Architects (RIBA) National Awards. Many of the winners for the most rigorously-judged awards for architectural excellence are publicly, charity or foundation funded, with fewer medium-scale projects amongst the winners, both public and commercial. The shortlist for the RIBA Stirling Prize for the best building of the year will be drawn from the 52 RIBA National and EU Award winners (43 buildings in the UK and nine buildings elsewhere in the EU).

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New European Awards recognise leadership in sustainable building

by • Architecture, Environment, Facilities management, News, Property, Public Sector

The first awards to recognise outstanding leadership in sustainable building in Europe have been launched by the World Green Building Council’s European Regional Network. The “WorldGBC Leadership Awards – Europe Region” will honour best practice and excellence in cities’ green building policy, as well as in construction projects and corporate initiatives across the continent. The awards feature three categories – Excellence in City Policy for Green Building, Leadership in Building Design and Performance, and Business Leadership in Sustainability – and are open to city councils and policy makers, projects and businesses. More →

Daylight exposure has ‘remarkable’ effect on office workers’ health

by • Architecture, Facilities management, Lighting, News, Workplace, Workplace design

The architectural design of office environments should take into consideration how natural daylight exposure contributes to employee wellness say the authors of a new study which observes a strong relationship between workplace daylight exposure and office workers’ health. Compared to workers in offices without windows, those with windows in the workplace received 173 per cent more white light exposure during work hours and slept an average of 46 minutes more per night. Workers without windows reported poorer scores than their counterparts on quality of life measures related to physical problems and vitality, as well as poorer outcomes on measures of overall sleep quality, sleep efficiency, sleep disturbances and daytime dysfunction. More →

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