Four-building Hammersmith office development acquired by AXA

Four-building Hammersmith office development acquired by AXA

by • Company news, News, Property

Four building office development acquired by AXAA 193,000 sq ft (17,930 sqm) office property based in Hammersmith West London has been acquired by AXA Real Estate. 77 Fulham Palace Road comprises four buildings: Hamlet, Horatio, Ophelia and Elsinore and is currently let to 19 tenants. It has a wide range of floor sizes across the four buildings and unusually for Central London has 221 parking spaces. Given a current lack in supply of Grade A office space in West London, AXA has indicated that it will increase the current floor space at the property by 18,900 sq ft (1,755 sqm), and transform it into Grade A office space. This expansion would be undertaken alongside a planned refurbishment of some of the buildings, to enhance their overall functionality and design, adding to the current facilities on offer. Huw Stephens, Head of UK Transactions at AXA said: “At 77 Fulham Palace Road we have identified an opportunity, through a number of asset management initiatives, to add value to a core, well located asset in London. By utilising the expertise of our local asset management teams, we will be able to improve the tenant mix, whilst delivering investment performance to our clients.”

Two new office developments worth £77m for construction firm

by • Company news, Facilities management, Property

Two new office contracts worth £77m for construction firmConstruction group Galliford Try plc, has been appointed to two new major office contracts worth a combined £77 million. Its been selected as preferred bidder by Northamptonshire County Council to build its new headquarters in Northampton in a £38 million project. The new 17,600 sqm four-storey building is intended to consolidate the council’s existing offices in the town, and regenerate an area on the south side of the town centre. In addition to the office space, a café will be created together with extensive hard landscaping around the site. Galliford Try is also to deliver a new office building at Sutton in Surrey for offshore engineering company Subsea 7. The £39 million project creates a new 150,000 sqft Category A office space and associated facilities on the site of the former Brighton Road car park. Galliford Try Executive Chairman Greg Fitzgerald commented: “We have a strong reputation in the office sector and we look forward to providing these two clients with the first class facilities they require.”

Details released of 510,000 sq ft office development at Moorgate Crossrail station

by • Cities, Company news, News, Property

Moorgate Crossrail station developmentProperty developer Land Securities has released details of its 510,000 sq. ft. commercial property scheme on the site of the new Moorgate Crossrail station in the City of London. The mixed use scheme consists of two buildings providing 410,000 sq. ft and 100,000 sq. ft. of office space, a landscaped courtyard and a high level walkway linking the station site with the Barbican. Retail space will also be incorporated alongside the walkway.  The scheme is part of a programme of development by Land Securities linked to the new line, which will provide a total of 1.1m sq ft around various Crossrail stations. The firms is expected to submit a planning application for the site later this year with work on the site expected to start in 2018 in parallel with the construction of the Crossrail station on site. As well as improving Greater London’s transport links, the £15 bn Crossrail project is seen as an important catalyst for property development in the capital.

New innovatively designed West End office development nearly fully let

by • Company news, News, Property, Workplace design

New Portman Square office development nearly fully let10 Portman Square, an innovatively designed office building based in London’s West End, is nearly fully occupied, following an agreement by Ardagh Glass to lease 10,250 sq ft of office space from British Land. Award-winning architecture and interior design practice Jestico+Whiles led the design of 10 Portman Square, which offers column-free floorplates of 18,500 sq ft, and benefits from natural light on all four sides with views across Portman Square. Ardagh Glass will occupy part of the first floor, to join investment management company Independent Franchise Partners, who agreed terms on the other half of the first floor in July. The building, which provides 113,700 sq ft of Grade A office space over seven floors, is also home to Aspect Capital, Arrowgrass Capital Partners and Aramco Overseas Company. The latest deal brings occupancy across the 2.4 million sq ft West End office portfolio to 96 per cent. More →

Global Workplace Solutions to leave Johnson Controls’ portfolio

by • Company news, Facilities management, News

Global Workplace Solutions to leave Johnson Controls' portfolioFacilities services provider Global Workplace Solutions (GWS) is to leave the Johnson Controls portfolio following the parent company’s decision to concentrate on manufacturing, engineering and product-based, rather than services-based businesses. GWS, which provides facilities, corporate real estate and energy management, has been part of Johnson Controls’ portfolio for more than 20 years, and currently manages more than 1.8 billion square feet of corporate real estate. “We have a strong reputation in the market, an incredibly talented team of employees, and a portfolio of long-standing high-quality clients,” said John Murphy, vice president and president, GWS. “Our business has only just begun to realize its full potential. With a new owner we will have access to the capital and resources required to continue to strengthen our business and be a formidable force in the market.” More →

New letting strengthens Cambridge’s growing reputation as a centre of technology

by • Company news, News, Property, Technology

Latest lettings underline Cambridge’s growing reputation as a centre of technologyIn the largest office letting in Cambridge in over a decade, technology developer CSR plc has agreed with The Crown Estate to establish an expanded, 100,000 sq. ft. global HQ at Cambridge Business Park. Further lettings of a combined 11,000 sq. ft., to the multi-national computer technology company, Oracle, and to JDR Cable Systems, means that the 320,000 sq. ft. Business Park is now fully let, with over 2,000 people set to be working on site once these tenants move in. These latest lettings underline Cambridge’s growing reputation as a centre of technology – where its success this sector has even led to it being referred to as the “Silicon Fen”, the UK’s equivalent of California’s Silicon Valley. More →

Sound, settings, serendipity and other lessons from 100% Design

by • Company news, Events, Products, Workplace design

Workplace Hub by NBBJ

Workplace Hub by NBBJ

The trick with visits to exhibitions like 100% Design is to stay focussed on the wood as much as the trees. So as well as identifying the good, the bad and the meh, it pays to discern the themes pursued by the exhibitors and organisers. Leaving aside what was happening in the domestic halls, those related to the workplace  invariably derive from a mixture of what the exhibitors’ customers are talking to them about and what the media says people are talking about. So at this year’s show (still ongoing till tomorrow at Earl’s Court) some of the most readily identifiable themes included the dissipation of the workplace, privacy, ergonomics and serendipity. With the possible exception of the age old problem of ergonomics, these all relate to our changing relationship with work and workplaces, not least how we can – and indeed must – be able to work from anywhere and what this means both functionally and aesthetically.

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Exam board introduces workplace issues to psychology A Level syllabus

by • Company news, News, Workplace, Workplace design

workplace issuesOne of the UK’s five main national examination boards is to introduce a range of workplace issues as part of its updated Psychology A Level syllabus from next year. Cambridge based OCR claims that Psychology is the UK’s fourth  most popular subject at both A and AS level and is also one of the most popular subjects at degree level too. The issues will be introduced to the syllabus as part of an Environmental Psychology theme and will consider as issues such as the effects of allowing desk clutter on individual wellbeing (although it didn’t do much for Kanji Watanabe in Akira Kurosawa’s film Ikiru, above), gender roles in workstation personalisation and so on. Students will be expected to carry out their own research into the topics as well as draw on established sources of information. OCR also suggests that the subject may help to develop the emotional intelligence of those who take the subject.

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There is a moral imperative to meet global standards in workplace performance

by • Comment, Company news, Facilities management

International evolution in global standards of workplace managementMany corporate organisations now operate on a global scale, with operations spread across a number of countries and continents. But while they are geographically diverse, they nevertheless have a requirement to meet measurable standards of performance, delivered on a consistent basis regardless of location. If something works well in one country, companies want to be able to replicate it in all others. Wherever standards relating to compliance, health and safety, sustainability, leadership or management are most rigorous, it makes good business sense to employ those same standards wherever they have a presence. But from the collapse of a building full of factory workers in Bangladesh to the death of hundreds of construction workers in Qatar, the need to promote and adhere to international standards is more than a matter of mere commerciality.

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6 Bevis Marks, the Gherkin’s new neighbour, is ready for tenants

by • Company news, Facilities management, Property, Workplace design

6 Bevis marks ready for tenants6 Bevis Marks – next to the Gherkin in the City of London – has been completed, with the first two tenants expected to take occupation in August. The mixed use building comprises 160,000 sqft (14,864 sqm) of office and retail space over 15 floors, and has been developed in a joint venture between AXA Real Estate and BlackRock. Located close to Liverpool Street, where the new Crossrail station is due to open in 2018, the building features a rooftop garden square, a ground floor business lounge, full on-site cyclist facilities and a private landscaped courtyard with access to the public realm surrounding the Gherkin. The development also features a 26-screen media wall in the reception, which is being used to host the Vivid Digital arts programme – a commission of young filmmaking talent supported by the developer. The building is BREEAM Excellent rated, with a range of sustainability features. More →

BBC announces further moves out of London to reduce cost of property estate

by • Company news, Facilities management, Workplace

BBC announces more moves out of London to MediaCity

MediaCityUK in Salford

The BBC has announced plans to move more of its BBC teams out of Media Village, London W12, to bases in Salford, Birmingham, Caversham and other buildings in London. It’s part of the corporation’s strategy to reduce the size and cost of its property estate, invest more of the Licence Fee in programmes, and build its presence outside the capital. Around 120 Future Media roles and 102 Technology roles will move to Salford during 2015, joining around 3,000 colleagues already based at MediaCityUK. Anne Bulford, Managing Director Finance and Operations, said: “We are well advanced with reducing the amount of space the BBC occupies in London W12. Spending less on these buildings will enable us to invest more of the Licence Fee in programmes, as well as continuing to build up our presence out of London, ultimately bringing us closer to audiences. BBC Worldwide is due to leave the Media Centre early in 2015, so we are developing proposals on how to accommodate the remaining occupants and free up this building to release savings.” More →

Mace to oversee Old Admiralty refurbishment for DfE occupation

by • Company news, News, Public Sector

Old admiralty building refurbishmentAs a direct result of the Cabinet Office’s programme to consolidate and modernise the government estate, the Grade II listed Old Admiralty Building is to be designed and refurbished for the Department for Education (DfE).  Mace is to oversee the project, which will see the modernisation of 18,000 sq. metres of office space to provide space for over 1,600 staff, who are currently working in leasehold accommodation. Old Admiralty Building (OAB) is currently occupied by staff from the Foreign & Commonwealth Office, who as part of the estate rationalisation strategy, will be consolidated into the Foreign Office’s King Charles Street Office in 2015. Refurbishment work is targeted to commence at the OAB late in 2015, following a design procurement process, including liaison with Westminster City Council planning and English Heritage, with the project due for completion in 2017. More →

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