Asian investment in City of London offices now hitting record levels

Asian investment in City of London offices now hitting record levels

by • News, Property

Asian money is pouring into office investments in the Square Mile at a pace rarely seen before, according to a new analysis by Savills. About £3.4 billion of Asian capital has been invested in London offices already this year, according to a study from the property consultancy. That is 70 per cent of the total volume and a record high for the first six months of a year. In the past three months alone, Asian buyers have snapped up £3.5 billion of buildings in London’s financial district. This is the highest figure for a second quarter since 2007, when the commercial property market was at its peak just before the credit crunch hit, according to Savills.

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Employees are already drawing up a hit list of tasks to delegate to robots

Employees are already drawing up a hit list of tasks to delegate to robots

by • News, Technology

Nearly two thirds (63 percent) of UK employees would outsource work tasks to a robot if they could, according to research commissioned by software firm ABBYY. For almost a quarter of Brits (24 percent) attending meetings is their most hated work activity. While one in six (17 percent) dislike reviewing long documents and more than one in eight (13 percent) don’t like speaking to customers, these are not jobs that workers want to delegate to robots. The jobs that employees would most like to hand over to a machine are inputting data (16 percent), taking minutes and notes (14 percent) and electronic filing (12 percent).

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A clearer more enforceable energy efficiency policy is needed for commercial buildings

A clearer more enforceable energy efficiency policy is needed for commercial buildings

by • Environment, Facilities management, Legal news, News

A clearer more enforceable energy efficiency policy is needed for commercial buildingsThere is a critical need for to simplify the regulatory framework designed to improve energy efficiency in commercial buildings finds a recent report from the Environmental Industries Commission (EIC) Carbon Management & Sustainable Buildings Working Group. It also suggests that Brexit could act as a spur to rethink the right combination of policies to reform enforcement systems. The report, Improving non-domestic energy efficiency after Brexit, one of a series EIC is publishing setting out its members’ views on the impact of Brexit on environmental policy and how policy should evolve after the UK leaves the EU, covers the breadth of energy efficiency policy for non-domestic buildings. As part of its research, EIC surveyed England’s local authorities, who have responsibility for trading standards, finding that out of those that responded (122 out of 149), no local authorities have been issuing fines for failing to display Energy Performance Certificates or Display Energy Certificates.

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Improving employment of older people could boost UK GDP by £180bn 

Improving employment of older people could boost UK GDP by £180bn 

by • News, Wellbeing, Workplace

GDP could be boosted by around £180 billion a year if the UK could match New Zealand’s employment rates for the over-55s. While employment of older workers has improved in the UK in recent years, it still ranks only 21st out of 35 OECD countries according to new analysis from PwC. The consultancy’s Golden Age Index is a weighted average of indicators – including employment, earnings and training – that reflect the labour market impact of workers aged over 55. Iceland tops the rankings followed by New Zealand and Israel. For the OECD as a whole, there is a potential $3.5 trillion economic prize from matching New Zealand’s employment rates for the over-55s.

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Many fathers are unaware of their parental leave rights

Many fathers are unaware of their parental leave rights

by • News, Workplace

Nearly half (46 percent) of working fathers are unaware they are entitled to take shared parental leave on the arrival of a child, according to new research. The survey, conducted by Aviva, also claims that one in 10 dads (11 percent) took no time off whatsoever when their most recent child arrived. Businesses are therefore being urged to do more to make sure their male staff know their rights, to enable them to spend precious time with their newborn or adopted children. Crucially, the survey of UK parents with dependent children found that 86 percent of fathers would have taken more time off at the arrival of their children, but felt restricted by financial factors and employer constraints.

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Employers and government need to work together to address looming Brexit skills gap

Employers and government need to work together to address looming Brexit skills gap

by • News, Workplace

As the UK continues to navigate a period of uncertainty ahead of its exit from the European Union, new research published by the City & Guilds Group and Emsi claims that nine in 10 employers already struggle to recruit the skilled staff they need. With most industries expected to grow between now and 2024, a significant number of skilled workers will be needed to meet demand. However, People Power, a study based on City & Guilds Group interviewing over 1,000 C-Suite employers in the UK and work with Emsi to undertake extensive economic modelling, has found that two thirds of UK employers think that the skills gaps in their businesses are likely to get worse or remain the same in the next three to five years.

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World Green Building Council launches Net Zero Carbon Buildings Commitment

World Green Building Council launches Net Zero Carbon Buildings Commitment

by • Environment, Facilities management, News, Property

The World Green Building Council (WorldGBC) has launched its new Net Zero Carbon Buildings Commitment as part of Building Lasting Change 2018 with WorldGBC Congress Canada in Toronto, and called on market leaders in the sector to join as signatories. The Net Zero Carbon Buildings Commitment challenges businesses and organisations across the world to take advanced climate action by setting ambitious targets to eliminate operational carbon emissions from their building portfolios by 2030 in order to meet the Paris Agreement ambition of below 2 degrees of global warming.

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Noise pollution in offices is worsening and people are leaving jobs as a result

Noise pollution in offices is worsening and people are leaving jobs as a result

by • Facilities management, Flexible working, News, Wellbeing, Workplace, Workplace design

The majority of executives and employees report near-constant noise in their workplace and many say they lack quiet space for meetings or to focus, a new report from Oxford Economics, commissioned by Plantronics has claimed. According to the report, conditions are much worse now than three years ago when Oxford Economics conducted its first study. The report polled senior executives and non-manager employees in the UK and across the globe to learn more about productivity and collaboration as it relates to the open office. It found that open offices aren’t delivering on collaboration and productivity goals. Instead, employees are finding alternative ways to find quiet space and focus. In fact three quarters of employees say they need to take walks outside and 32 percent listen to headphones to focus and block out distraction, while employees in the noisiest office environments are more likely to say they’ll leave their job in the next six months.

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Nearly half of employees still assigned to same place as the traditional office clings on

Nearly half of employees still assigned to same place as the traditional office clings on

by • Facilities management, Flexible working, News, Property

Nearly half of employees still assigned to one place as traditional office clings on

The worry over a loss in productivity when people are able to work anywhere is entirely unfounded, and what we once called “alternative”, we have come to call current and future workplace strategies, a new report claims. Yet the new study, ‘The Once Alternative Workplace Strategies’, which was conducted and released by Advanced Workplace Associates (AWA), Global Workplace Analytics and Haworth Inc, found that nearly half of employees are still permanently assigned to one space; with no change since 2008. The research pinpoints five leading trends within today’s workplaces and compares the findings to the initial research from more than a decade ago. (more…)

Brexit will harm UK infrastructure improvements, say industry professionals

Brexit will harm UK infrastructure improvements, say industry professionals

by • News, Property

brexit infrastructureSix in ten (59 percent) people involved in planning and delivering projects across the UK think that leaving the EU will make it harder to deliver improvements to the nation’s infrastructure, according to exclusive new research from the team behind the Public Sector Show and National Infrastructure Forum. The findings are based on a survey of over 200 professionals from across the public and private sectors, conducted by the National Infrastructure Forum – part of the Public Sector Show – in association with Burges Salmon, exploring the views of the country’s major building priorities for the coming years.

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Workplace stress and busy schedules are biggest barriers to a healthy lifestyle, claims report

Workplace stress and busy schedules are biggest barriers to a healthy lifestyle, claims report

by • News, Wellbeing

New research from the British Nutrition Foundation (BNF) claims that almost half (48 percent) of adults say that busy lives and stress play a large role in stopping them from eating healthily, with 40 percent of adults admitting that being too tired after work is their main reason for not being active. The survey, conducted as part of BNF Healthy Eating Week, questioned almost 500 adults across the UK, and also revealed a number of different factors that affect people’s food choices when at work or university. High workload makes it difficult for a third of adults to eat well, along with finding it difficult to take a proper lunch break. While at work a quarter say they do not have enough time to prepare healthy foods and 24 percent of respondents say there are limited healthy food and drink options available at work or close by; 28 percent say there are too many unhealthy snacks available in their work setting.

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Unlocking government’s mapping and location data will boost economy by £130m a year

Unlocking government’s mapping and location data will boost economy by £130m a year

by • News, Technology

The UK Government has announced that key parts of its OS MasterMap will now be made openly available for the public and businesses to use. It estimates that this will boost the UK economy by at least £130m each year, as  companies and startups use the data. The release of OS MasterMap data is one of the first projects to be delivered by the new Geospatial Commission, in conjunction with Ordnance Survey. The aim is  to drive forward the UK as a world leader in location data, helping to grow the UK’s digital economy by an estimated £11bn each year. The data can be used for a variety of purposes including navigating public transport, tracking supply chains and logistics. It is also essential for the application of drones and autonomous vehicle technology. Today’s announcement follows the launch of the first GovTech challenge in May this year – a competition designed to incentivise Britain’s tech firms to come up with innovative solutions to improve public services. These competitions will be delivered using the £20m GovTech fund launched in November 2017.

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