Corporate Real Estate executives predict strong global economic outlook

The global economic outlook is strong for the second half of 2013, while the prospects for corporate growth and expansion are also increasing, according to the views of corporate executives surveyed in June for the new CoreNet Global Confidence Index. Nearly two-thirds (62.5%) rated their outlook on the global economy for the coming six months as optimistic to very optimistic, compared to a year ago. Most (72.4%) reported the likelihood that flexible, open workplace strategies will increase, while space per work setting and/or work settings per supported worker will be reduced.

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Work pressures mean over half of managers plan to work on holiday

Work pressures mean over half of managers plan to work on holiday

BYOD are either an aide to productivity or fuel unhealthy levels of presenteeism, depending on which piece of research you believe.  In a survey (by mobile comms supplier) Citrix, 24 per cent of managers think that using BYOD while away from the office is the best way to avoid the average 25 per cent drop in productivity suffered by smaller businesses during the holiday period. This is borne out by data from the Institute of Leadership & Management (ILM) which found an overwhelming 80 per cent of managers check their Blackberries or smartphone on holiday, a third (33%) checking in every day, and 54 per cent feel compelled to work while on leave. More →

EU opens consultation on reducing the environmental impact of buildings

Report urges EU and members states to use design for public good

The European Commission is gathering views on how to reduce the environmental impacts of buildings. The consultation will focus on resources such as materials (including waste), water and embedded energy and aims to address resource use and related environmental impacts throughout the life-cycle of buildings, from the extraction of building materials to demolition and recycling of materials. James Drinkwater, Senior Policy Advisor for the Europe Regional Network of the World Green Building Council, welcomed the move: “It is incredibly important that the green building movement gets behind this evolution in building policy, and engages with the Commission on what the right strategic direction is going forward.” More →

Fall in sickness absence rates, but mental ill health still major cause

 Sickness absence falls but mental ill health and stress still a problem

Mental health conditions are the single most widespread cause of long-term absence, with more than half (54 per cent) of employers citing non-work related stress, anxiety and depression as a cause of long-term absence. On a more positive note, according to the latest CBI/Pfizer Absence and Workplace Health Survey out today, overall absence from work in the UK has dropped to a new record low. The thirty-year survey found the average absence rate was 5.3 days in 2012, down from 6.5 days in 2010 – saving business £3 billion. However, the report, Fit for Purpose, found overall absences still cost the economy £14 billion a year, according to the ONS. Almost £1.8 billion was lost from an estimated one-in-eight sick days taken for non-genuine reasons, with one in five employers believing employees take “sickies” as an occasional perk. While absence rates in both the public and private sector were down to 6.9 (from 8.1) and 4.9 (from 5.9) days respectively, the report argues more than £1.2 billion a year could be saved if public sector absence levels were brought in line with the private sector average – on top of the £700 million saved from the fall since 2010.

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New joint venture formed to capitalise on booming London Office market

 New joint venture formed to capitalise on thriving London Office market

A 50:50 joint venture partnership to capitalise on the thriving London office market has been formed by Hermes Real Estate Investment Management Ltd and Canada Pension Plan Investment Board. CPPIB is investing £173.9 million to acquire a 50 per cent interest from Hermes’ BT Pension Scheme’s (BTPS) existing portfolio, which comprises 550,000 sq ft of high quality offices, retail and ancillary accommodation, primarily located in London’s West End. Graeme Eadie, Senior Vice-President and Head of Real Estate Investments for CPPIB, said: “We are pleased to be partnering with BTPS and Hermes on this unique opportunity to invest in a high quality, well-diversified portfolio of office properties in prime Central London locations.”

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Video: world’s largest building opens in China

Video: world’s largest building opens in China

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Dubai will be kicking itself at the news that the world’s largest building, or rather world’s largest standalone man-made structure, has opened in China. The New Century Globe Centre in Sichuan province is a mixed use development housing offices, leisure facilities, hotels, shops, restaurants and even a beach resort warmed by an artificial sun. The 18-storey, glass and steel frame structure, is situated above a new metro station in Chengdu, stands 100 metres high, is 500 metres long and 400 metres wide giving it a floor space of 1.7m sq. m.  making it the world’s largest standalone building, beating the previous record holder Terminal 3 at Dubai International Airport by around 50,000 sq. m. and, as measured according to internationally recognised lazy media shorthand analogies, able to house 20 Sydney Opera Houses.

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Round meeting tables enhance workplace consensus and collaboration

Round table layout improves workplace consensus and collaboration

The Knights of the Round Table may be the stuff of legend but it seems King Arthur was on to something, for a new study reveals that people sitting in a circular formation at round meeting tables are more likely to want to ‘belong’ to a group and are less prone to be antagonistic. By contrast, the research from the University of British Columbia’s Sauder School of Business found that people seated in an angular arrangement – i.e. “The Boardroom” in Sir Alan Sugar’s The Apprentice – are more likely to look out for number one.  “The geometric shape of a seating arrangement can act as a subtle environmental cue for people, by priming their fundamental need for inclusiveness or individuality,” says Sauder Assistant Professor Juliet Zhu, who co-authored the forthcoming study to be published in the Journal of Consumer Research.

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Personalised design and office plants proven to boost wellness and performance

Personalised design coupled with office plants boost well-being at workAllowing staff to make design decisions in a workspace enhanced with office plants can increase wellbeing and wellness by as much as 47 per cent, increase creativity by 45 per cent and increase productivity by 38 per cent, new research has revealed. Visitors at this year’s Chelsea Flower Show were challenged to take part in the study which measured their creativity, happiness and productivity as they experienced a range of different workspace designs. The findings, which would be expected to translate to a significant increase in business profitability, confront the popular belief that plants and art are an unnecessary or even wasteful element of the business environment. Results from this and related scientific investigations indicate that across all measures of psychological comfort and business performance, the managerially popular flexible, controlled, lean office, is consistently inferior to a space enriched by the design decisions of people who work there.

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NAO confirms £1billion saving through better Government purchasing practices

NAOWhile it’s always wise to be wary of claims made by government departments, the National Audit Office has continued to display its ongoing love of the sterling work of the Efficiency and Reform Group set up by the Cabinet Office by confirming that the department’s claim that over £1 billion has been saved through better UK government purchasing practices  is perfectly true. The ERG said that savings had been achieved primarily by centralising spend on common goods and services and introducing policies requiring departments to purchase less stuff in the first place. Savings were noted across the board including in civil service departments, local government, the emergency services and National Health Service. As ever the NAO added a caveat to its endorsement. Amyas Morse, head of the NAO, said: ‘While ERG has undoubtedly achieved significant savings for the taxpayer, in future it could spell out more clearly the different types of savings that are included in its claims. Our report makes detailed recommendations which will help ERG to strengthen its assurance of savings claims in future.’

Green Building Council Awards recognise European environmental leadership

Awards open for European Green leadership initiatives

The UK Green Building Council is accepting nominations for the first-ever European Regional Leadership Awards, part of the World Green Building Council Leadership Awards 2013, which recognise international best practice in city-level government policy for green building initiatives. The regional awards are for best practice in green building initiatives, projects, and policies that are supporting healthier and more sustainable communities within the European Region. “The awards promote leadership and inspire governments to replicate best practices in green building policy,” said the WorldGBC’s Chief Executive Officer, Jane Henley. “Buildings represent an unrivalled opportunity to reduce global greenhouse gas emissions, and cities play an increasingly critical role in seizing this opportunity.”

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Latest edition of Insight newsletter available to view online

Office Insight announces partnership with WorkTech 13

In the latest issue of the Insight newsletter we are pleased to announce a partnership with Worktech 13, which will be held at the British Museum in London on the 19th and 20th November. Over the next few months look out for content from some of the world’s foremost thinkers on office design and management including Frank Duffy, Philip Ross, Dave Coplin and Greg Lindsay. Also this week, according to two new property reports the London office market continues to thrive; why flexible workers may be limiting their career prospects and how desk size can influence behaviour. Regular contributor Simon Heath warns that the BIFM partnership with DWP may prove an ill-advised and short-lived union and Mark Eltringham hails the Design Museum’s move to the long empty Commonwealth Institute building in Kensington. To view this week’s newsletter click here.

Design Museum sale paves way for resurrection of Commonwealth Institute

Commonwealth InstituteDeskheads of a certain vintage may have viewed the news that Zaha Hadid had bought the Design Museum’s London home for £10 million in a somewhat different light to much of the media that reported the sale. While journalists succumbed to the apparently irresistible pull of architectural headline magnet Zaha, to some of us the interesting part of the story was that the sale finally freed the Design Museum to move to the long empty Commonwealth Institute building in Kensington. The building is one of the most architecturally important modern buildings in London and has a long association not only with The Commonwealth Institute educational charity but as a venue for cultural events and exhibitions of design, not least the now defunct Prima and Spectrum exhibitions which did so much to promote commercial interior design in the UK.

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