Top ten cities in UK for economic growth led by Edinburgh

Top ten cities in UK for economic growth led by Edinburgh

According to the 2019 Vitality Index by Lambert Smith Hampton, Edinburgh is the city with the best prospects for UK economic growth, with Cambridge and Manchester coming in second and third place, despite the UK’s uncertain economic and political environment. Compiled every year, The Vitality Index claims to provide a comprehensive assessment of the health of UK towns and cities, considering education, entrepreneurialism, affluence, productivity, growth and environmental factors.

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London workers more attracted to job than socialising

London workers more attracted to job than socialising

London workers more attracted by the job than socialising with colleaguesSocialising and drinking opportunities are some of the least enjoyable things about working in London, as loving their job and a chance to grow personally is more of an incentive for those who work in the Capital, a new report suggests. The survey of 1,000 London workers by Flexioffices, claims that 75 percent of employees in the city enjoy going to work for the personal development opportunities, training and the job itself. Flexible hours are becoming an increasingly enticing aspect of a job, with 21 percent of London workers liking their workplace because of the flexible hours available.

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Appeal of London as capital of HQs diminishing

Appeal of London as capital of HQs diminishing

London faces the loss of its status as a global magnet for corporate headquarters unless it addresses a range of factors that are diminishing its attractiveness, according to a new report from the Centre for London. Brexit, dated transport infrastructure and worries about its pool of talent are all risks to the capital’s ability to attract and retain the HQs of multinationals claims the report. More →

Milan named as best city in world for wellbeing

Milan named as best city in world for wellbeing

The Galleria Vittorio Emanuele II in Milan which has just been named as the first winner of a wellbeing awardMilan has been named the 2019 Wellbeing City as part of the Wellbeing City Award, which claims to be the first global award recognising city-led action. Five Award Laureate Cities have been announced as part of the Award and will be honoured at The Wellbeing Cities Forum in Montréal on June 19, 2019. The annual Award has been developed by NewCities in partnership with the Novartis Foundation, the Novartis US Foundation, and in collaboration with the City of Montréal, Toyota Mobility Foundation, Transdev, and the US Green Building Council. More →

Boosting low carbon building renovation across Europe

Boosting low carbon building renovation across Europe

Today, the World Green Building Council’s European network, in collaboration with eight cities and partners announced the launch of Build Upon, the next phase of what it claims is the world’s largest collaborative project on building renovation. With cities across the world declaring climate emergencies and climate action high up on the agenda for the European elections, this European Union (EU) funded project will empower cities across Europe to join forces with national governments and industry to decarbonise their existing building stock by 2050 and so increase the proportion of low carbon building across Europe. More →

Demand outstrips supply for Edinburgh office space

Demand outstrips supply for Edinburgh office space

Demand strips supply for Edinburgh office space as tech sector dominatesThe majority (90 percent) of Grade A deals for commercial offices in Edinburgh so far this year came from the tech sector, according to Savills, resulting in TMT being the most active business sector of the first quarter of 2019. Key deals included Amazon signing for 30,000 sq ft at Exchange Crescent and Epic Games taking 10,000 sq ft at Quartermile 2. This reflects that fact that over the past five years, Edinburgh has seen employment growth of 7 percent in the professional scientific and tech industries and is forecast to see a further 11 percent over the next five years; resulting in a projected 3,800 net additional jobs in these industries

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CRE investment highest in cities with strong tech culture

CRE investment highest in cities with strong tech culture

Corporate real estate investment highest in cities with tech cultureCities with tech innovation-oriented cultures have a strong competitive advantage amongst those investing in commercial real estate, claims a new report from JLL (registration). Of 109 cities analysed, the nine leading global markets – Boston, London, New York, Paris, San Francisco, Seattle, San Jose, Sydney and Tokyo, accounted for around 37 percent of total annual real estate investment volumes over the past decade. Like real estate investors, corporate occupiers also search for locations that have advanced innovation ecosystems, the report suggests. These cities sustain highly skilled workforces and are best placed to succeed in the future.

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Take up of office space in central London strongest for six years

Take up of office space in central London strongest for six years

British Land/GIC’s development at 100 Liverpool Street, EC2 office spaceThe first quarter of 2019 saw take-up of office space in central London at its strongest for six years, as it continues to outperform expectations. This is according to Savills, which also reports 1.16 million sq ft of new lettings being agreed in the City of London. In the West End, 42 transactions completed in March alone took total activity for Q1 2019 to 98 office lettings. In the City, there were 100 occupational deals for the year to date, of which 33 completed in March. The tech & media sector accounted for the largest share of take-up in the West End, at 25 percent, while the City benefited from a surge of serviced offices.

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MPs to investigate impact of placemaking and built environment on productivity

MPs to investigate impact of placemaking and built environment on productivity

The All Party Parliamentary Group on Building Communities is calling for evidence and contributions from all organisations with an interest in the built and natural environment to contribute to its new consultation, which aims to explore how placemaking can lead to greater productivity in the UK. As part of its remit, the APPG seeks to conduct research on the concept of ‘placemaking’ and investigate design practices that maximise the social value of infrastructure. In this way the APPG hopes to build an evidence base that can be used by policy makers when engaging with the build and natural environment.

 

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London leads Siemens Atlas of Digitalization as most digitally ready global city

London leads Siemens Atlas of Digitalization as most digitally ready global city

Digitalization of citiesSiemens has launched a new web-based application which reveals the readiness and potential of six major cities to embrace digitalization and develop new ways of living, working and interacting. The Atlas of Digitalization is based around the interconnected themes of Expo 2020 Dubai – Mobility, Sustainability and Opportunity – and assesses how the fourth industrial revolution has already impacted urban life around the world, and the potential it could have in the future. More →

Manchester is the number one tech location outside of London

Manchester is the number one tech location outside of London

Neo Manchester hosts a number of tech businessesThe UK’s regional cities are competing harder than ever with London to become the location of choice for the tech sector. According to CBRE’s report ‘Tech Cities:  Exploring tech hotspots in the UK regions’ Manchester ranks number one amongst the top 10 UK tech location outside of London, but Scotland features highly with Glasgow and Edinburgh in second and third position respectively. Birmingham has risen three places, from seventh to fourth position but smaller conurbations such as such as Reading, Oxford, Cambridge, Southampton, Brighton and Bracknell also feature, based on their concentrations of tech employment, tech businesses and high education levels. More cities are competing for the very top spots in the ranking

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The growing urbanisation of work and workplaces

The growing urbanisation of work and workplaces 0

The question of what makes a city great is an old one but has never been asked more than it is right now. It is usually couched in terms of the urbanisation of large parts of the world but it is important for other reasons too, not least because the urban environment is an increasingly important part of the virtual workplace many of us now inhabit and offices themselves increasingly resemble the agglomeration of spaces we have typically associated with our towns and cities. Recently, McKinsey published a  report into urbanisation, based largely on the usual premise of the proportion of the world’s people involved, but it is an issue that touches all of our lives and in unexpected ways.

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