March 7, 2014

UK commercial property thriving, as domestic investors shy from London

Edinburgh is one city enjoying a resurgence in investment

The distinctions between the commercial property market in London and those in the rest of the UK are becoming increasingly evident, based on new data from DTZ. While the value of transactions hit a record breaking £44.7 billion last year, up nearly a third on the figures for 2012, the majority of investments into regional markets were made by domestic firms while those in London were dominated by overseas investors. Around £23 billion of the overall total was invested in property outside of the capital, a reversal of last year when more money was invested in the capital than outside it. Meanwhile foreign investors spent a total of £20bn throughout the year with the majority (£14.2 bn) invested in Central London. According to DTZ, one notable trend in the year was for UK investors to divest property in London and shift investment to other areas of the UK.

March 6, 2014

British employees are most stressed workers in Europe

by Sara Bean • Flexible working, News, Workplace

UK office workers are more affected by stress than their European counterparts, with only 13 per cent of British employees saying they don’t suffer from any stress and deal with their workload well, compared to the European average of 42 per cent. According to new research by recruiters StepStone and totaljobs.com nearly one quarter (24 per cent) of British workers are feeling increased pressure at work. At the other end of the spectrum, the Dutch and the French are the most relaxed, with sixty four per cent of employees in these countries not at all stressed and feeling perfectly able to handle their workload. These disturbing revelations follow recent statistics from the ONS that showed absence related to stress, depression and anxiety accounted for 15.2 million lost days of employment last year, up from 11.8 million in 2010. More →

March 6, 2014

Business continuity report confirms technology still biggest threat to firms

by Mark Eltringham • News, Technology

Forget the recent UK floods. When it comes to risks to their businesses, it’s still tech that keeps business leaders awake at night, according to the latest annual Business Continuity Institute Horizon Scan report. Technology related threats continue to rank higher than natural disasters, security and industrial action according to the report which gauges the threats that organisations consider to be their biggest concerns. Nearly four-fifths of business leaders fear that an unplanned technological event, cyber attack or data breach will harm their business. Nearly three quarters (73 percent) consider malicious attacks through the Internet a major threat that needs to be managed closely, while nearly two-thirds (63 percent) think that social media remains a challenge. Meanwhile, one of last year’s threats – supply chain resilience – dropped out of the top ten completely.

March 5, 2014

Nine essays from UK-GBC on transforming the built environment

by Sara Bean • Environment, News, Property

The UK Green Building Council has published its annual collection of essays from its prestigious Leaders’ Network. The nine essays, entitled A defining decade – radically transforming the built environment by 2025, reflect upon the Government’s industrial strategy Construction 2025 and its vision for the UK’s built environment over the next 10 years. It includes contributions from Nicholas Pollard of Balfour Beatty, Bill Hughes of Legal & General Property, Paul Hinkin of Black Architecture and Climate Change Capital’s James Cameron. In his foreword, UK-GBC Chief Executive Paul King writes: “The essays included in this year’s collection come from a hugely influential and diverse group of leaders from across the built environment who all share a sense of the scale of the challenges ahead.” To view the essays click here.

March 5, 2014

New data suggests that London no longer belongs to the UK, but the World

by Mark Eltringham • Comment, News, Property

One of the subjects touched on in the first episode of Evan Davis’s BBC documentary series about the economic distinctions between London and the rest of the UK Mind the Gap was the impact of investment by the global super-rich into London property. At one point he asked the Malaysian investor behind the £8 billion Battersea Power Station redevelopment whether he’d considered investing in other cities in the UK. The response was a straight no, but the accompanying glance said rather more. London is no longer a British city but one that belongs to the world, it said, so any comparison with Manchester, Birmingham, Bristol, Leeds, Cardiff and Edinburgh is meaningless. You might disagree with this point of view, but a raft of new data appears to make it very evident indeed that London is now shaped by global plutocrats in a way that cannot be mirrored in the rest of the UK.

March 4, 2014

By 2030 your colleagues could be old enough to be your great-grandparents

by Sara Bean • Flexible working, News, Technology, Workplace

By 2030 four-generation or “4G” workplaces – will become increasingly common as people delay retiring, even into their 80s. Although the role of women in the workplace will strengthen, an increasing divide will mean that while highly-skilled, highly-paid professionals will push for a better work-life balance, others will experience job and income insecurity. Technology will continue to evolve, pervading work environments everywhere, with many routine tasks becoming the domain of the smart algorithm. Multi media “virtual” work presences will become the norm, and as businesses seek additional flexibility, they will decrease the size of their core workforces, instead relying on networks of project-based workers. This is all according to the Future of Work, published this week by the UK Commission for Employment and Skills (UKCES). More →

March 4, 2014

Average UK working parents now spend more on childcare than mortgages

by Mark Eltringham • Flexible working, Legal news, News, Workplace

Last month we questioned the financial wisdom of going to work for Britain’s working parents. Today the question became even more vexed as it emerged they typically pay childcare costs equivalent to over a quarter of the UK average salary. A report from the Family and Childcare Trust says that to have one child in a part-time nursery and another in an after school club would cost £7,549 each year. Not only does this represent 28 percent of the average salary of £26,500 and is more than an average mortgage which is £7,207 per annum. For those with full time childcare the costs are typically £11,700 per year. The report also notes that childcare costs have increased by over a quarter over the last five years and even the Government’s ongoing commitment to childcare is failing to alleviate the situation.

March 3, 2014

‘Big Data’ is shaping the human experience within buildings

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

As the cost of implementation comes down, the same “Smart” technology that is harnessing the predictive power of “Big Data” to help solve congestion problems in cities is being more routinely deployed in buildings. The Changing Face of Smart Buildings: The Op-Ex Advantage, published by Jones Lang LaSalle, explains how bringing a Big Data analytics-based approach to facilities management can increase employee comfort, engagement and productivity; whether helping organisations adapt more readily to supporting flexible workplace practises or using sustainability as a hook for engaging employees. In one notable example; by adding smart building components to a major Empire State Building energy refit, real-time energy displays enable tenants to better monitor and control their energy consumption, and even compete with other tenants in the landmark building to achieve energy savings. More →

March 3, 2014

Flexible working mothers often resented by colleagues and worry about career

by Mark Eltringham • Flexible working, News, Workplace

Working women who are offered flexibility to help them balance their jobs and childcare are often resented by their colleagues, according to a new report from campaign group Opportunity Now. The survey of 25,000 working women aged between 28 and 40 found that two thirds of those surveyed believe they are expected to work longer hours than mothers. Conversely, working mothers are often perceived by their colleagues as less committed according to around half of respondents and there was a general feeling across all those surveyed that flexible working can be detrimental to careers. The report is the latest which highlights the problems many people encounter in working flexibly as a way of achieving a work-life balance.

February 28, 2014

UK culture of presenteeism restricts productivity and flexible working

by Mark Eltringham • Flexible working, News, Workplace

Further evidence emerges of how the much talked about culture of presenteeism in the UK is hampering the productivity of the country’s workers and restricting the opportunities presented by flexible working. A survey from fit-out company Overbury claims that around four out of five UK employees believe they need to be seen at work to win the approval of bosses and two thirds think it will further their careers even though over two thirds of them (70 percent) believe they get twice as much work done when they are away from the office. “Our research found that presenteeism comes from a complex mix of factors including demands from management, peer pressure and a self-inflicted concern over how others see us. This complexity may be why presenteeism is proving so hard to shift,” said Chris Booth, managing director of Overbury.

February 27, 2014

New guidance published to help close the health and safety gap

by Sara Bean • Facilities management, News

There is nothing more welcome to the ‘elf n safety’ hating tabloid press than tales of health and safety over-zealousness. So they must have rejoiced today at the publication of a new survey which reveals the extreme lengths some small firms mistakenly go to trying to comply. This included completing a risk assessment for using a tape measure or introducing written guidelines for walking up stairs. However, these examples were actually uncovered by the Health and Safety Executive (HSE), itself, which is encouraging small and medium sized employers to use its free online tools and guidance, specifically designed to help them get their risk management right. The H&S ABC is full of straightforward information to help small firms save time, effort and money by identifying the things they really do and don’t need to do. More →

February 27, 2014

UK Government urged to push ahead with zero carbon commercial buildings

by Mark Eltringham • Architecture, Environment, Facilities management, Legal news, News, Property

The UK’s Green Building Council has fired off its latest salvo in an ongoing battle with the Government over the implementation of environmental legislation for commercial buildings. A new report from the organisation’s Task Group urges the Government to push ahead with plans to ensure that by 2019 all new non domestic buildings will be built to zero carbon standards. The report claims that the implementation of appropriate regulations is hampered by a lack of clarity, including confusion over what zero carbon actually means as well as the government’s own stop-start approach to the environment. The current 2019 commitment to zero carbon buildings falls a year ahead of the deadline specified in European Law, but a recent focus from the coalition on reducing relevant legislation has added to confusion about the overall approach.