November 12, 2013

UK commercial property lease lengths shorten to ten year low, claims report

Lease lengths for commercial property fell to an historic low in the year to June 2013, while income, lost due to tenants going bust, hit an all time high, according to a new report from IPD. The IPD Lease Events Review measures over 93,000 leases, and 3,500 lease events across the UK. The 2013 edition found that over 80 percent of UK leases signed in the year to June 2013 were under five years in length, the highest level since measurement began and up from 55 percent over the last ten years. The average length of commercial property leases is now 5.8 years, down from 7.8 years in 2003, lower even than the 6.0 years in 2009 at the lowest point of the recession. Landlords have struggled to maintain cash flow and lost over 6 percent of their income due to a record numbers of defaults and insolvencies last year.

November 12, 2013

Best tall buildings in world competition winners announced by CTBUH

by Mark Eltringham • Architecture, Company news, Events, News, Property

The Council on Tall Buildings and Urban Habitats (CTBUH) has announced the winners of its Best Tall Building Worldwide competition. The overall winner was the China Central Television Headquarters in Beijing (above) which was also the regional winner for Asia. The other three regional awards went to The Shard, London (for Europe), The Bow in Calgary (Americas) and the Al Khatem Tower in Abu Dhabi (Middle East and Africa). The awards were presented in Chicago on 7 November with the winners chosen from 60 entries by a judging panel. A popular vote was taken on the evening which also saw the audience voting the CCTV headquarters as the best tall building. The overall winner award was presented to the building’s joint architect Rem Koolhaas, who famously included a chapter called ‘Kill the Skyscraper’ in his 2003 book Content.

November 11, 2013

When sorry seems to be the hardest word, it creates a workplace trust gap

by Sara Bean • News, Workplace

Harvard Business School recently identified that the advantage of the British habit of continuously apologising makes us seem more trustworthy. When it comes to subordinates, we’re less magnanimous. Just 5 per cent of UK employees receive an apology from their boss whenever they make a mistake, affecting levels of trust in leaders and employee engagement. The Global Leadership Pulse survey by The Forum Corporation warns managers that not taking responsibility for workplace gaffes is having a direct correlation to how much employees trust company leadership. This is because 49 per cent of managers and 24 per cent of employees believe that acknowledging personal mistakes is one of the key things leaders can do to inspire trust; and being able to trust your boss is very important for 93 per cent of the employees surveyed. More →

November 8, 2013

Time to refresh BYOD policies, as Smartglasses get set to improve workplace efficiency

by Sara Bean • News, Technology

Employers may soon need to add wearable computers to the list of BYOD in the office. According to analysts Gardner, over the next five years, corporate adoption of Smartglasses such as Google Glass will rise to ten per cent. Although of particular relevance for companies with offsite workers, such as field service personnel and inspectors, some of the basic functions of smartglasses could help bring added efficiency across the workplace. Their widespread adoption depends heavily on the apps and services being developed, but, the analysts say, apps will emerge that do specific tasks with smartglasses, which may cause organisations to provide them for a wider range of employees, while many other workers will simply wear their personal smartglasses at work. More →

November 7, 2013

RIBA heralds dawn of a ‘smart’ era that revolutionises the way we shape our cities

by Sara Bean • Architecture, News, Technology, Workplace design

A new report that explores the massive potential role that data could have in the planning and design of our buildings and cities has been launched by the Royal Institute of British Architects (RIBA) and ARUP. The report ‘Designing with data: Shaping our future cities’ identifies the main approaches to working with data for those involved in designing and planning cities. Better data can offer a deep insight into people’s needs and has the potential to transform the way architects and urban planners design our built environments. This could result in cheaper experimentation and testing of designs before construction begins. It also promises the chance for greater consultation with potential users – speeding up the process, saving time and money and resulting in better and more affordable design. More →

November 6, 2013

Boom in London commercial property development, but demand still outstrips supply

by Mark Eltringham • News, Property

Office construction in the City of London is higher than it has been for five years, according to a report from Deloitte Real Estate. The London Office Crane Survey found that there are over 5 million sq.ft. of office developments at 23 schemes in the Square Mile including major landmark and well known buildings such as the Walkie Talkie and the Cheesegrater. Elsewhere in London, development is at a 4 year high in the central area which covers the West End, King’s Cross, Midtown, South Bank, Docklands and Paddington, with 71 schemes set to create some 9.7 million sq. ft. of new commercial property. The report claims that in 2014 alone, some 6.6 million sq ft of office developments will be complete in central London. More →

November 6, 2013

Employers advised to take a more preventative approach on Stress Awareness Day

by Sara Bean • News, Workplace

Today is national stress awareness day. According to the HSE stress accounted for a massive 40 per cent of all work-related illnesses last year, which resulted in a loss of 10.4 million working days. As well as being a major contributor to long term physical illnesses, including obesity, stress also contributes to poor workplace performance caused by lack of concentration. The financial cost to the UK has been estimated at £60 billion or about £1,000 per man, woman and child. Yet according to the International Stress Management Association (ISMA) most organisations tackle stress at the wrong end. They wait until someone becomes ill, and then start to provide services to improve their health. This is too late. More →

November 5, 2013

RICS’ new FM Guidance Note aims to improve business performance

by Sara Bean • Facilities management, News, Property

The Royal Institute of Chartered Surveyors has launched a global guidance note which can help facilities and estates managers increase efficiency and drive up profits across business. The Global Strategic Facilities Management (FM) Guidance Note is aimed at facilities managers and corporate real estate professionals overseeing the running of commercial property worldwide, providing recommendations on developing, implementing and evaluating a strategic plan for the running and servicing of individual buildings and property portfolios. The note is also accessible for clients and consultants by providing them with a clear picture of the best practice methods that should be implemented in the running of buildings in order to boost organisational performance. More →

November 5, 2013

Winners of competition to uncover ‘Workplace of the Future’ announced

by Mark Eltringham • Architecture, Furniture, News, Workplace design

PopUP concept by Cincinnati School of Architecture and Interior Design

The results of a competition designed to showcase the Workplace of the Future, sponsored by Staples have been announced. The contest, run in conjunction with US based Metropolis magazine, attracted entries from some 200 architects and interior designers. The winner was Joe Filippelli, who created Vertical Flux, which is described as ‘a comfort-based approach to the 2020 workplace with fluctuating atmospheres’. The runner-up was CoLab from Rotterdam based Eckhart Interior Design with a ‘digital re-envisioning of the classic corporate office… which incorporates technology in a way that allows employees to work at any location throughout the office, collaborating with co-workers in any imaginable configuration.’

November 5, 2013

Chinese banks set to take up to 2m sq. ft of commercial property in London

by Mark Eltringham • Briefing, News, Property

Bank of China HQ, London

According to a new report from commercial property consultancy Savills, the global expansion of Chinese financial institutions may see them take up as much as 2 million sq. ft. in the City of London over the next decade. The report claims that Chinese firms see London as one of the key centres for global finance and will take up the opportunities offered by setting London as a base as part of a $1 trillion investment in the West over the next seven years. With four in ten of the World’s largest banks now Chinese, and the sector expanding rapidly since the 2008 downturn, the investment will not only change the structure of the City but also consolidate its position as a global financial centre.

November 4, 2013

Leading US organisations pledge to promote healthy buildings and communities

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

Adobe, one of the first companies to adopt the US Green Building Council’s Leadership in Energy and Environmental Design (LEED) standard, is to conduct a study of its LEED certified workplaces to determine if they measurably contribute to more collaborative, creative, innovative and healthy employees. The move is part of a new Building Health Initiative launched last week by the California chapter of the USGBC. Google, Arup and Interface are amongst the founding partners, along with approximately 20 other organisations from a range of sectors. The movement aims to elevate green building as a benefit to public health as well as encourage the development of transparency standards in building materials. More →