May 10, 2013

Office rental sector benefits from office to home exemption

by Sara Bean • Facilities management, News, Property

The office rental sector has benefited from the prospect of reduced supply, stemming from the recent announcement by the government to relax the need for permission to change use from commercial to residential, according to RICS’ property and construction experts. Although the first quarter results of the 2013 RICS UK Commercial Market Survey reveals how the retail side of the commercial market continues to suffer, other areas of the commercial property market – such as office and industrial space have seen demand for premises strengthen slightly with no major increases in empty floor space and rising levels of tenant demand for office premises. More →

May 9, 2013

UK authorities win exemptions from offices to homes planning changes

by Mark Eltringham • News, Property

Following our report in February that the majority of London’s boroughs had applied to be exempt from plans to relax planning laws on the conversion of offices into homes, the government has today exempted most of central London and some UK regions from the new rules. Local authorities were asked to apply for exemptions earlier in the year and now cover areas within the jurisdiction of 17 local authorities including the City of London, Camden, Islington, Hackney, Tower Hamlets, Southwark, Lambeth, Wandsworth, Westminster, Newham and Kensington and Chelsea. Nationwide, exemptions have been granted for parts of central Manchester, the Vale of the White Horse, Stevenage, Ashford in Kent, Sevenoaks and East Hampshire.

May 9, 2013

Large organisations are unprepared for new generation of executives

by Mark Eltringham • Knowledge, News, Workplace

It’s not just Manchester United who need to worry about the succession process following the departure of an aging white male. According to a new report from Cass Business School and recruitment consultants Ogders Berndtson, firms are largely unprepared for the changes in business practice that will come as their babyboomer executives are supplanted by their Generation X and Y descendants. The report – After The Baby Boomers – argues that over half of organisations are unprepared for the changes. The report interviewed executives from 100 large organisations, making it most relevant for the sorts of blue-chip firms who are led primarily by 50-something accountants in the first place.

May 8, 2013

Planning consent given for Tower Bridge Business Complex

by Mark Eltringham • News, Property

Workspace Group has announced that it has received planning consent for the mixed–use redevelopment of its property at the Tower Bridge Business Complex in South East London. The final development will offer 270,000 sq ft of existing business space and 60,000 sq ft of new business accommodation as well as 800 new residential units and a public park. Jamie Hopkins, chief executive officer said: “There is strong demand for tailored business space in the area and it is our firm intention to increase the number of jobs on site in order to benefit the local community. The development also provides a significant boost to both the capital value and rental income of the site.”

May 7, 2013

Over 90 percent of UK staff afflicted with bad case of presenteeism

by Mark Eltringham • Knowledge, News, Workplace

We’ve always known that many of us have a tendency to come into work when ill even though we would be better off staying at home, but the problem of people turfing up in the office when they should be in bed or a GP’s queue is worsening according to a new report from insurance company Canada Life. Knocking into a cocked hat all the various surveys which detail the UK’s ‘working days lost’ due to stress?snow/The World Cup/hangovers and idleness, the survey claims that as many as 93 per cent of UK employees have hauled their diseased carcass into the workplace when they really shouldn’t, threatening their own health and the wellbeing of those around them.

May 3, 2013

BIM provides opportunities for the built environment finds report

by Sara Bean • Architecture, Facilities management, Knowledge, News, Public Sector

Building Information Modelling (BIM) will raise productivity, provide better buildings, faster and cheaper and represents opportunities for the built environment to become a powerful international player. This is according to a major new report, Growth through BIM produced by Richard Saxon, the UK Government’s BIM Ambassador for Growth who concludes: “No wonder it has been mandated as government policy“. The Built Environment sector, for the purposes of his report, is defined as Property, Construction and Facilities Management, which accounts for about 15 per cent of GDP, and which he describes as: “an enabling sector, facilitating the performance of most other sectors”. More →

May 2, 2013

UK underemployment rates more accurate measure say economists

by Sara Bean • Knowledge, News, Workplace

The current economic downturn differs from previous recessions in that unemployment rates haven’t been quite as devastating, with employers opting to freeze pay rates and offer flexible working and reduced hours in order to retain staff. But according to a white paper published today this has led to an important new phenomenon – underemployment. In the latest issue of the National Institute Economic Review, economists David Bell and David Blanchflower of the University of Stirling and Dartmouth College describe workers who are underemployed when they are willing to supply more hours of work than their employers are prepared to offer. More →

May 2, 2013

UK facilities management trade associations announce plans to merge

by Mark Eltringham • Facilities management, News

We’ll react to this later but here is the press release announcing the proposed merger of all of the UK’s major facilities management and support services trade associations: “The British Institute of Facilities Management, Asset Skills, the Facilities Management Association and the Cleaning and Support Services Association have agreed to the concept of forming one single and united body to represent facilities management and support services. As the facilities management and support services profession and industry have matured and evolved, so too must the bodies representing and leading them. This proposed merger recognises the growing demand for a stronger, unified and collective voice that represents and promotes what is a fundamental component of our economy and day to day businesses.

May 2, 2013

UK Green Building Council sets out its plans for the built environment

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

The built environment is an engine for green growth and UK Green Building Council (UK-GBC) intends to demonstrate how, says the sustainable buildings campaigner today as it outlines specific areas of focus to promote green building over the next 12 months. This follows the publication of its Impact Report earlier this week which reflected on some of its key initiatives over the past year, including the launch of Pinpoint, a new search engine for information on green building, the publication of a plan for growth strategy and its work to influence government policy regarding the built environment.

May 2, 2013

Companies increasingly insist that staff use their own devices

by Mark Eltringham • Knowledge, News, Technology, Workplace

How the world turns. It doesn’t seem that long ago that companies were developing policies to minimise the amount of time people spent on their own mobile devices at work. Now, according to a new study from Gartner, they are starting to insist on it. According to the report, half of all US employers will require staff to supply their own devices for work use by 2017. The shift in approach seems to be a direct consequence of mass market acceptance of Bring Your Own Device (BYOD) with the number of employees using mobile applications at work set to double by 2015. The US, along with countries such as India, China and Brazil, continues to lead the way with twice as many firms adopting the practice as in Europe.

May 1, 2013

Global coalition to create universal standard of property measurement

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

The world’s leading property institutions meet today to create a universal method of measuring property assets. At present, the way property assets – such as an office development is measured, varies widely from country to country. With so many different methods of measurement available, it makes it difficult for those looking to invest in these developments to compare like with like. This confusion can affect property values, lead to errors in financial reporting and, consequentially, undermine market confidence. Headed by RICS, this initial meeting of the International Property Measurement Standards Coalition (IPMSC) is the first step to delivering this consistency.

April 30, 2013

New survey reveals risks of cutting costs in corporate real estate

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

A new report from Jones Lang LaSalle claims to highlight how those firms who see their property as a driver of added value rather than a cost reap rewards in the form of higher revenue, employee performance and shareholder returns. In contrast, those firms who view their facilities as a cost and seek to reduce those costs for short term gain are, in fact, storing up long term problems and risks. JLL’s report – Global Corporate Real Estate Trends – claims to reveal the top five corporate real estate risks, including negative impacts on competitive advantage and profitability from cost cutting, procurement processes, lack of collaboration between functions and failure to drive productivity.