November 27, 2015

Built environment crucial to attaining emissions targets say RICS of COP21 ⁰

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

The built environment has a vital role to play in helping governments meet their carbon dioxide (CO2) emissions targets says RICS – ahead of the 21st Conference of the Parties or COP21. This begins on Monday, when 196 governments meet in Paris for the climate change summit hosted by the United Nations. Buildings are some of the biggest emitters of CO2 accounting for one-third of global greenhouse gasses. Commercial and residential buildings also account for 40 percent of the world’s energy consumption. RICs is working with members in the land, real estate and construction sectors to find solutions across the property lifecycle to support more sustainable business practices, and will be in Paris to join stakeholders from governments, industry and civil society to support efforts to reach an agreement. The commitments made at the summit could have far-reaching repercussions for the built environment, and the global economy more generally.

November 27, 2015

Over a third of UK workers are miserable at work and most plan to leave ⁰

by Sara Bean • Facilities management, News, Workplace

Only 35 percent of UK workers are happy with their job, and over a third (39 percent) admit that they feel miserable at work. In a new survey by Workwear Express of over 1,000 people, just 14 percent said they planned to stay in their current job for the next year. This appears to be reflected in the amount of sickness they take, with 25 percent admitting that they’ve taken sick leave from work due to being so unhappy. Poor management was seen as the biggest contributor to an employee’s low sense of satisfaction at work, as just over 31 percent of those polled agreed that being badly managed was their biggest issue in the workplace. However, having a heavy workload was a close second, with 29 percent of people citing this as the reason for their unhappiness. A third (35 percent) of those polled said that Monday was the most miserable day of the week to work.

November 26, 2015

Megacities are leading the way on climate change, claims action group ⁰

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

Ahead of COP21 next week, a new report ‘Climate Action in Megacities 3.0’, published by the C40 Cities Climate Leadership Group (C40) and research partner Arup states that since COP15 cities have taken the lead in climate action by forging a collaborative pathway to low carbon and climate resilient development. Mayors have scaled-up action- with 51 percent of schemes now delivered city-wide, as opposed to 14 percent in 2011. Since the last major COP in Copenhagen, C40 cities have taken 10,000 climate actions – a doubling of actions in just six years – and have committed to reduce their CO2 emissions by 3 Gt CO2 by 2030, equivalent to the annual carbon output of India. Furthermore, decisions taken by global cities to invest in low carbon development over the next 15 years have the potential to avoid locking in a total of 45 Gt of CO2, or eight times the total current annual emissions of the United States.

November 25, 2015

Northern Powerhouse office market showing strong performance levels ⁰

by Sara Bean • Facilities management, News, Property

When the Chancellor of the Exchequer George Osborne announces the Spending Review today, he’s likely to mention the Northern Powerhouse, the programme to rebalance the UK economy by pushing growth in England’s northern cities. His vision of this form of one nation conservatism may have helped to increase occupier and investor confidence across the Northern Powerhouse office markets, as illustrated by the Northern Powerhouse Office Market Report 2015/16, published by Lambert Smith Hampton (LSH). It shows strong performance across the eight key markets so far in 2015 – with combined take-up expected to reach 5.2m sq ft by the end of the year compared with 4.6m sq ft in 2014. Manchester city centre is leading the way and is on track for a record year, with almost 1.4m sq ft of office space expected to be let or sold by the end of 2015 – well above the 10-year annual average of 966,000 sq ft.

November 23, 2015

Two thirds of managers have little idea what their organisation’s strategy is ⁰

by Mark Eltringham • Facilities management, News, Workplace, Workplace design

While facilities and human resources managers continue to agonise over their lack of strategic influence, a new study from researchers at the London Business School and MIT confirms what cynics may have suspected all along; a significant number of senior managers don’t have any real idea what their organisation’s strategy is in the first place. According to the study of 11,000 senior executives and managers from 400 companies worldwide, only around a third of respondents were able to correctly identify their employer’s main strategic priorities. “We asked people to list their company’s top three to five priorities”, says Rebecca Homkes, a fellow of London Business School, who led the study. “Even with five tries, on average only around 50 per cent could list the same one priority and only a third can list their firm’s top three priorities. For firms to execute a strategy well, that strategy must be clearly communicated and understood throughout the organisation.”

November 23, 2015

RIBA signs UN Compact as part of an increased focus on ethics ⁰

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

RIBA (The Royal Institute of British Architects) has become a signatory to the United Nations Global Compact (UNGC) and has undertaken to support its principles on human rights, labour standards, the environment and corruption. Joining the UNGC is part of the RIBA’s focus on ethics which has recently included co-founding a new coalition to develop a set of globally recognised ethics standards for real estate and related professional organisations. RIBA President Jane Duncan said: “As our profession changes and becomes increasingly international, so must our approach to developing and reinforcing professional ethics. Architecture has a direct impact on societies and economies; it shapes and influences the world we live in. For this reason, we architects have a duty to uphold the highest standards wherever we practice. I am delighted that RIBA has signed the UN Global Compact and undertaken to support and promote its principles.”

November 19, 2015

Dubai office market shows signs of cooling down over the next year ⁰

by Sara Bean • Facilities management, News, Property

The Dubai office market is showing signs of cooling, following a strong growth period, with average rents remaining unchanged during the first three quarters of 2015 across all the city’s major submarkets and free zones. Clutton’s Winter 2015/16 Dubai Commercial Market Outlook report revealed prime, secondary and tertiary office rents stand at AED 250 psf, AED 130 psf and AED 70 psf, respectively. However, micro-markets, which are often as small as specific buildings, buck wider trends, such as Emirates Towers (AED 310 psf) and The Gate District (AED 225 psf). Banks, financial institutions, law firms, construction companies and technology-media-telecoms (TMT) firms are the most active occupiers, with the city’s free zones remaining the primary target. This is because the free zones continue to be dominated by multinational organisations, with take-up activity intrinsically linked to business performance in their home markets.

November 16, 2015

Some good and bad news about the Government’s real estate strategy ⁰

by Mark Eltringham • Facilities management, News, Public Sector

Two key themes have shaped the current UK Government’s attitude to its real estate and other resources since it came to office in 2010 and embarked on a programme of austerity. They are the twin desires to ‘cut waste’ and ‘do more with less’. These are not easy tricks to pull off, as a new report from the Institute for Government suggests. Published ahead of the upcoming Spending Review, the study sees the Government’s main challenge being how best to match its commitments with its resources. Two of the main ideas discussed are the rolling out of more digital services and what the paper calls institutional reform, which it suggests includes the loss of another 100,000 public sector jobs over the next five years. But as two news reports published over the weekend suggest, this kind of change can sometimes create more problems than it solves when it comes to Government property.

November 14, 2015

Where to have great ideas + Workplace professions + London’s office market ⁰

by Sara Bean • Facilities management, Flexible working, Newsletter, Property, Wellbeing, Work&Place

In this week’s newsletter; Giuseppe Boscherini explores the growing importance of creativity at work; Mark Eltringham argues that the three professions of the workplace, HR, IT and FM need to adapt and notes a growing disconnect between a firm’s earnings and the number of people it employs. In commercial property, demand for office space in London continues to overwhelm its availability, with English regions outside the Capital leading construction growth. High job demands, stress and job insecurity are among the main reasons why people go to work when they are ill, and data shows the Internet of things will connect 6.4 billion objects next year. You can also download the new issue of Work&Place and access our first Insight Briefing, produced in partnership with Connection, which looks at agile working in the public sector. Visit our new events page, follow us on Twitter and join our LinkedIn Group to discuss these and other stories.

November 13, 2015

Study claims the Internet of Things will connect 6.4 billion objects next year ⁰

by Mark Eltringham • Facilities management, News, Technology

According to a new report from technology research organisation Gartner, 6.4 billion connected things will be in use worldwide in 2016, up around a third (30 percent) from 2015, and will reach 20.8 billion by 2020. The study claims that in 2016, 5.5 million new things will become connected each day. Gartner estimates that the Internet of Things (IoT) will support total services spending globally of around US$235 billion in 2016, up nearly a quarter (22 percent) from 2015. Although the report claims that the technology will make significant inroads in consumer markets, services are dominated by the professional category defined by Gartner (in which businesses contract with external providers in order to design, install and operate IoT systems). However connectivity services (through communications service providers) and consumer services will grow at a faster pace, according to the report.

November 12, 2015

The three workplace professions need to face up to a new reality ⁰

by Mark Eltringham • Comment, Facilities management, Technology, Workplace

The modern workplace consists of an often unholy trinity of people, place and technology and each of these facets has its own associated profession; HR. IT. FM. Six letters. Three disciplines. One big mess. When life was simple, with people generally going to work in the same place and at the same time, each of these professions could operate in its own bubble, with a clear sphere of influence and control. Sure, they could behave in interdisciplinary ways, they could have their intersections, but at the end of each encounter they could each go their separate ways. That is no longer true. The workplace is no longer primarily physical, but digital and cultural too. The boundaries of space and time have slipped and taken with them the clear demarcations between the three main workplace professions. All of this is bound to provoke as big an existential crisis for the professions as it does for the workplace itself.

November 12, 2015

English regions outside the Capital lead construction growth ⁰

by Sara Bean • Facilities management, News, Property

The construction industry has returned to growth after six months of contraction, according to figures released by industry analysts Glenigan. Its latest Index also found that the value of projects starting on site are higher than a year earlier for the first time since March, fueled by growth across the industry; with housing, civil engineering and non-residential building sectors all up on a year earlier. Non-residential starts as a whole were up 4 percent on a year earlier, as growth in private sector activity offset continued weakness across the public sector. Industrial, office, retail and hotel and leisure starts all registered growth. Although UK construction has moved back into growth, it is the English regions outside of the Capital which are seeing most activity. London, Wales and Scotland last saw growth in March this year and South West England hasn’t recorded a rise in starts since May 2014.