New survey reveals risks of cutting costs in corporate real estate

JLL ReportA 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.

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

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

Design is no longer just an add-on, but has evolved into a fully joined-up innovation methodology and with countries around the world adopting this thinking the European Union cannot afford to be left behind.  This is the message of Design Council and other members of SEE (Sharing Experience Europe) in a report published today, Design for Public Good, which encourages the European Union and its member states to adopt design-led innovation to create the next generation of public services and policy that can meet the pressing demands of the future.

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Dubai developers switch unwanted commercial property projects to other uses

Cups gameThe UK isn’t the only country looking to convert its unwanted office space into other uses. According to a new report from CBRE, the oversupply of new commercial property in Dubai is leading developers to switch the use of projects in the Emirate before they have even finished building them. With occupancy levels already at less than 50 percent in some areas and swathes of new developments coming online thanks to Dubai’s ongoing commitment to a policy of ‘build it and they will come’, developers are taking the decision to convert construction projects to homes or hotels.

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Lack of skills hampering business growth say UK CEOs

Lack of skills training is hampering growth say business leaders

Nearly two thirds (65 per cent) of UK employers say a lack of key skills is hampering their growth prospects – with construction, mining, engineering and energy companies reporting the most chronic shortage of skilled employees. Yet, according to a PwC global survey, while three out of four UK CEOs said creating a skilled workforce should be the Government’s highest priority only a third intended to do anything about it for the coming year. Instead, they see it as a longer-term goal; with 70 per cent of respondents saying they plan to increase investment in their workforce over the next three years. More →

Extensive new research launched into leadership in FM

FM Leadership survey launched for Think FM

A new research initiative, focusing on leadership has been launched by Workplace Law, the key findings of which will be presented at ThinkFM 2013, taking place on Monday 10 June at the Royal College of Physicians in London. The theme of the conference this year is ‘The Leadership Challenge: Raising our game, making our case, realising our value’, and Workplace Law’s survey aims to draw the opinions of facilities management clients and service providers across the UK. It covers a range of issues, including talent in FM, sustainability, leadership in health and safety, plus looking at how leadership and performance management in FM can really add value to an organisation. More →

British Land submits plans for London landmark Mayfair scheme

British Land development

British Land has submitted a planning application to Westminster Council for a major new 193,500 sq. ft. mixed use scheme following its acquisition of the Clarges Estate last year. The site totals almost one acre bounding London’s Piccadilly and includes residential, offices and retail. Planning consent for an earlier scheme was granted in April 2011 but the new plans mean the development’s office element will be re-modelled from 91,000 sq. ft. to 47,500 sq. ft to sit on the ground floor and six upper floors with facades to Clarges Street and Bolton Street.

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Corporate culture of presenteeism leads to inequality

 

Corporate cultures celebrate presenteeism

Over half (60 per cent) of senior executives say their productivity would be increased if their organisations played a more active role in helping them balance their work and non-work lives; the majority by 10 to 25 per cent. The research by the Inspire board network and executive search firm Harvey Nash also reveals that male dominated corporate cultures are the biggest barrier to women reaching the board, with over half (52 per cent) believing that today’s corporate cultures which celebrate presenteeism, dramatically reduce the length of time women are prepared stay and develop their career with their employer. More →

New projects to research green building solutions

The BRE Centre for Innovative Construction Materials

Two major new projects to further the development of sustainable building solutions have been launched. The BRE (Building Research Establishment) National Solar Centre, aimed at providing a research based, independent platform in the use of solar energy in the UK was officially opened in Cornwall today, and a £1m ground-breaking building called the HIVE funded by the Engineering and Physical Sciences Research Council (EPSRC) and led by Dr Mike Lawrence from the University of Bath’s BRE Centre for Innovative Construction Materials, is to be built at a dedicated research park in Swindon.

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Diversity is key to an effective board finds global study

Boardroom diversity is a major global challenge

As we’ve previously reflected, progress has been slow in promoting more women to executive levels, and there are increasing concerns on a lack of diversity within the built environment. Now new evidence has emerged which helps prove just why boardroom diversity is such a pressing issue. According to a major report released by law firm Eversheds there is a global trend towards smaller boards, which means that although companies with smaller boards tend to deliver better share price performance, chairmen and nomination committees have to balance size with a number of other important factors shown to demonstrate better share price performance, such as appointing more executives to boards and encouraging greater diversity in the broadest sense. More →

Plans for redevelopment of iconic BBC Television Centre confirmed

BBC television centre redesign plans confirmed

Detailed plans to open up and transform the BBC’s Television Centre into a mixed use development including office and studio space for the BBC have been released today. Developers Stanhope and the BBC revealed in February that for the first time, Television Centre will be opened up to the public and the famous forecourt remodelled. The BBC will remain at Television Centre operating studios and BBC Worldwide will consolidate their new home at Television Centre, following refurbishment. The remaining offices are aimed at occupiers in the creative sector. The much loved listed buildings at Television Centre will be retained. More →

Majority of employers support flexible working but perception problems persist

flexible work

As we reported last week, the Millennial generation of workers born in the 80s and 90s would describe work as a “thing rather than a place”, and want more flexibility in where and how they work. While the Yahoo home working ban debate uncovered a lot of exasperation and suspicion towards this trend, it’s interesting to see two separate studies, from the UK and the U.S. that show a far less combative attitude. But, as the U.S study discovered, while a majority of employees enjoyed real productivity benefits from home working, nearly half would still go into the office because it is what is expected of them and a small percentage still go because it gets them out of the house. More →

CIBSE creates diversity panel to reflect varied workforce

Diversity in the workplace

Efforts to encourage a more inclusive culture within the built environment appear to have moved up a gear. RIBA President Angela Brady has voiced concerns on the “gender inequality that continues to pervade the profession,” and now the Chartered Institution of Building Services Engineering (CIBSE) has launched a Diversity Panel. Formed to encourage diversity in all its forms, whether race, gender, age, sexual orientation or disability, it is made up of CIBSE members who are keen to increase the routes to the profession through educational paths and by promoting a diverse workplace. Commented CIBSE: “The employment and retention of a varied workforce is integral to meet the building services engineering skills gap and to therefore improve building performance.” More →