December 1, 2015

Regional office market takes off, with Bristol and Manchester in demand ⁰

by Sara Bean • Facilities management, News, Property

Demand for prime office space in key regional business hubs is strengthening, driven primarily by the professional services sector, according to a review of market trends in the UK property markets by Cushman & Wakefield. Manchester is the strongest performing regional office market, with several large transactions recently completed, but a number of other cities, such as Bristol, are also in hot demand. The Thames Valley, South East and West Midlands have been the strongest performing regions in 2015, and prime rents in the top office locations have reached new highs, with further growth forecast. While overall take up is being constrained, to a certain extent, by the lack of prime stock new commercial property developments are picking up as a result, but are still some way below what is required to meet demand levels and cities such as Glasgow, Manchester and Birmingham have all seen reductions in availability rates.

November 30, 2015

BRE acquires rival green building scheme to create new accreditation ⁰

by Mark Eltringham • Environment, Facilities management, News, Property

Those bewildered by the confusion of acronyms that surrounds building environmental standards will be pleased to hear that BRE has acquired a rival standard to merge with itsBREEAM accreditation. BRE claims that the acquisition of CEEQUAL, a sustainability scheme for civil engineering, allows it to ‘create a single, science based standard and certification tool for civil engineering and infrastructure projects’. As a result of the acquisition, CEEQUAL will transfer its operations to BRE Global after which CEEQUAL will then be delivered by the BREEAM certification team with support from a CEEQUAL management team. The move is supported by the Institution of Civil Engineers and has been prompted by ‘the industry’s desire for a single sustainability rating scheme that addresses the challenges that infrastructure clients, professions and contractors currently face in delivering more sustainable and resilient infrastructure.’

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 24, 2015

WeWork announces latest plans to dominate London’s commercial property scene ⁰

by Mark Eltringham • Flexible working, News, Property, Workplace design

Coworking giant WeWork has announced three new deals as it seeks to become the major player in London’s commercial property market. The firm, founded by Adam Neumann in New York in 2010, has made no secret of its plans for London as we reported earlier this year. The office space provider already has six London locations which it lets out to members (not tenants) who have access to the network of 57 locations in 17 countries on flexible terms via an app. According to a report published this week in Estates Gazette it is now set to add another 1 million sq. ft. to its portfolio in the capital with locations on City Road, Waterhouse Square and Docklands. The plans were announced to coincide with the launch of its largest London centre at Moor Square designed by Oktra. The company has also announced that it intends to launch its WeLive residential property concept in London in the near future following its successful launch in New York.

November 24, 2015

Many staff are planning to bunk off or shop online at work this Black Friday ⁰

by Mark Eltringham • Flexible working, News, Workplace

Whatever you make of Black Friday, and we see it quite clearly as an alien intrusion that taps into the worst instincts of some people, there is no doubt that it has quickly captured the imaginations of pretty large parts of the UK population. Although only on these shores for a couple of years, its influence is such that the media has already begun what promises to be an annual hand-wringing over this coming Friday’s outpouring of consumerism. Meanwhile logistics companies are dusting off their mothballed depots to cope with demand and gum up the roads while retailers continue to ponder whether they want to associate themselves with the whole wretched exercise in the first place. It’s also a growing problem for employers as two new surveys show that a significant number of their employees are planning to spend at least some part of their day shopping online, throwing sickies or taking the day off work.

November 24, 2015

Fast workplace migration to Windows 10 as demand for digital devices soars ⁰

by Sara Bean • Flexible working, News, Technology

By 2019, organisations will deliver twice as many applications remotely compared with 2015, according to analysts Gartner which predicts that 50 percent of enterprises will have started Windows 10 deployments by January 2017. Several factors are driving this, specifically awareness of the end of support for Windows 7 in January 2020, strong compatibility with Windows 7 applications and digital devices, and a pent-up demand for tablet and 2-in-1 device rollouts. Gartner also predicts that by 2018, touchscreens will be shipped on one-third of all notebooks. As the incremental price for touch decreases, it will become more normalized as a default feature for notebooks. Pricing is expected to get much more competitive in the second half of 2016 as manufacturing processes continue to improve and Windows 10 migration planning starts to accelerate. In addition, by 2018, 30 percent of enterprises will spend more on display screens than on PCs.

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 20, 2015

Two thirds of employers disappointed in performance management process ⁰

by Sara Bean • Knowledge, News, Technology, Workplace

As the economy recovers and the so-called ‘war for talent’ increases, there is a renewed focus on performance management, with 87 percent of companies in the latest research from Towers Watson, saying it is their primary method for aligning individual performance objectives with strategic priorities. However, only a third (36 percent) of companies actually consider their performance management process to be effective, and one in three managers and employees are shown to be dissatisfied with their process. According to the survey, 45 percent say managers don’t see the value in it and 53 percent say managers don’t have the time to do it well. Under 10 percent of companies have scrapped performance management altogether, or plan to do so, and though 30 percent of companies are considering eliminating performance ratings or scores, just 7 percent have already taken the step to do this.