July 8, 2013

Landmark Lloyd’s building sold to Chinese insurance firm in commercial property deal

by Sara Bean • Architecture, News, Property

The iconic Richard Roger’s-designed Lloyd’s Building at One Lime Street, London EC3, has been sold to Ping An, a Chinese insurance company for £260 million, it’s been confirmed. The Lloyd’s Building will continue to house the world’s leading insurance market as it is let in its entirety to the Society of Lloyd’s on a lease expiring in 2031. Jon Crossfield, director within Savills’ Central London team, says “This is a potentially landmark transaction, given it is the first by a Chinese Insurance company overseas. It is a high profile and confident entry to the market for them and further illustrates the dominance of overseas investors in London at present.” The commercial property deal, which represents the first purchase by a Chinese insurance company in the UK was managed by Commerz Real and advised by Savills and CBRE.

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July 8, 2013

Flexible working can come with a career catch for chances of future promotion

by Sara Bean • Flexible working, News, Workplace

Half of all people now work out of the office at least once a week, and more than one in four (27 per cent) every day according to data from software supplier Sage, but a new report by social business the Timewise Foundation warns that this flexibility might come at a price. It found part time and flexible workers face key barriers in terms of career agility, with nearly three in four part time workers saying they haven’t been promoted once since working part time (73 per cent), and over a fifth (22 per cent) saying they wouldn’t even expect to be. Nearly two thirds (63 per cent) believe that promotion with their current employer might be possible, but only by increasing their hours – something that’s not an option for more than a third of respondents (36 per cent) who rate part time hours as ‘crucial’ in their lives, nor a straightforward choice for the 52 per cent who state they are ‘important’ to them. (more…)

July 8, 2013

BIFM and DWP announce facilities management partnership agreement

by Mark Eltringham • Facilities management, News

The British Institute of Facilities Management (BIFM) is building on its recent track record of building new alliances with the announcement that it has signed a partnership agreement with the Department for Work and Pensions (DWP). The partners claim the new agreement will see the BIFM and DWP working in unison to support future growth in the facilities and workplace management sector. The agreement was signed at the end of last week by Mark Hoban MP, Minister of State for Employment, Gareth Tancred, CEO of BIFM and Martin Brown, Work Services Director for Wales and Employers, Department for Work and Pensions. The joint statement from the BIFM and DWP claims that the partnership agreement will drive ‘a shared agenda on increasing routes into and raising skills and professionalism of all those working in the facilities and workplace management industry’.

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July 5, 2013

Arup hailed for positive example of employee ownership scheme

by Sara Bean • Company news, Legal news, News, Workplace

Arup Global Chairman, Philip Dilley has said that the firm’s employee ownership ethos has played a major part in attracting and motivating staff and high levels of employee engagement. His comments followed a visit by Vince Cable, Secretary of State for Business, Innovation and Skills (BIS), and Minister for Employment Relations, Jo Swinson, to Arup HQ this week as part of a series of activities to celebrate Employee Ownership Day across the UK. The Government’s scheme has had a rough ride, with critics branding it “company shares for employment rights”. Although this has resulted in some major changes to the scheme, Cable maintains it is a positive alternative to traditional shareholder capitalism which had led to the “persistent problem” of short-term planning. (more…)

July 5, 2013

UK’s superfast broadband arriving very slowly, claims government report

by Mark Eltringham • Flexible working, News, Technology

A new report from the National Audit office claims that the much vaunted roll out of superfast broadband to 90 percent of UK households is now two years behind schedule. The programme, seen as vital for the uptake of flexible working in rural areas, is now scheduled for completion in March 2017, around 22 months later than planned. The reasons identified by the NAO for the delays include six months awaiting EU approval along with a range of issues with the procurement of services including those related to the three key principles established to ensure the cost-effectiveness of the programme: the competitive framework; cost transparency; and the terms of supplier contracts. The NAO report claims that of these only the final principle is still functioning. BT is now the only bidder to provide services as others withdrew and it has failed to be sufficiently transparent about its costs.

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July 4, 2013

UK workers mistrust more contented home-based colleagues

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

The debate which ensued following the Yahoo ban on home working earlier this year was as much as about the level of trust felt towards home workers as it was about the importance of collaboration within the workplace. The fact is that for the majority of home workers, day to day life is easier. No commuting, work where you please, no irritating colleagues and the freedom to nip out to the dentist, doctors or parents meeting without having to book a half day off. As a result, while home workers enjoy the best mental health and wellbeing of four groups in a survey of contact centre workers, office workers, home workers and mobile professional workers, their distance from the office-based working population breeds suspicion between them and everybody else. (more…)

July 4, 2013

Government public sector construction reforms net £447 million in savings

by Sara Bean • News, Property, Public Sector

Reforms to strip out inefficiencies in public sector construction – including the use of building information modelling (BIM) and the creation of a sustainable supply chain have generated £447 million in savings and will deliver up to 20 per cent savings in project costs by 2015, Cabinet Office Minister Chloe Smith has announced. By making links across departments the Government has also been able to act as a single customer to the construction industry and provide clear benchmarks for budgets by setting out the average price it expects to pay for projects. The Government has now published a new set of benchmarks that are designed to drive down project costs even further and encourage the industry to offer more competitive and innovative solutions. (more…)

July 3, 2013

Lifecycle management most important aspect of BIM say FMs

by Sara Bean • Architecture, Facilities management, News, Workplace design

The relationship between Building Information Modelling (BIM) and lifecycle management is the most important factor for facilities managers, who, along with owners and occupiers believe BIM will becoming increasingly important in day-to-day working practices within the next two to three years. The findings are from a poll of individual members of the BIM4FM group which represents institutes, trade associations and professional bodies within the built environment. “The results clearly show that there is recognition that BIM offers the opportunity to improve the lifecycle management of buildings. Interestingly there is both a desire, and an expectation for BIM to be able to support better working practices and improve operation and maintenance of buildings in practice:” said Geoff Prudence Chairman of the BIM4FM group (more…)

July 3, 2013

Hours and pay are not key factors for work-life balance finds survey

by Sara Bean • Flexible working, News, Workplace

The key to a better work-life balance is not simply to work shorter hours or earn more money and working shorter hours does not necessarily make people happier. According to a new survey by recruiter Randstad those in the South East and Yorkshire & The Humber are most happy with their work-life balance, with 64 per cent saying they are content, despite those in the South East having one of the longest average working weeks in the UK. The survey also found that those working in property and construction (88%) were amongst the happiest with their work-life balance, coming third after the utilities and insurance sectors. Those least happy with their work-life balance were the East of England (51 per cent) and South West (55 per cent) – yet those in the South West have a shorter average working week than most of the UK. (more…)

July 3, 2013

Two separate reports highlight thriving London office market

by Mark Eltringham • Knowledge, News, Property

Holborn Circus

The London office market continues to thrive according to two new reports from property consultancies CBRE and BNP Paribas Real Estate. According to the CBRE survey, take-up of Central London office space in the second quarter of 2013 increased by 32 percent compared with the previous quarter while, according to BNP Paribas, the take up of central London offices in the first half of 2013 rose by nearly a quarter 24 percent to 6.02m sq ft compared with the same period in 2012, while activity rose by around a third (31 percent) to 3.08m sq ft in the second quarter of the year compared with the second quarter of 2012. CBRE report that there were three deals for offices over 100,000 sq ft in the period covered and eight deals over 50,000 sq ft, the highest number since Q4 2010.

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July 2, 2013

New Construction Strategy focuses on sustainability and efficiency

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

An industrial strategy for construction – ‘Construction 2025’ is being launched by the Coalition Government today which aims to tap into the considerable growth opportunities predicted for the global construction market. The strategy has been developed in partnership with the new Construction Leadership Council, jointly chaired by Business Secretary Vince Cable and Sir David Higgins, Chief Executive of Network Rail, formed to help oversee the delivery of the action plan and its strategic priorities. The strategy’s vision to 2025 includes ambitions for a 50 per cent reduction in greenhouse gas emissions in the built environment, and an equal reduction in the trade gap between total exports and total imports for construction products and materials. (more…)

July 2, 2013

Younger workers’ CSR ethics don’t necessarily extend to older generation

by Sara Bean • Comment, Legal news, News, Workplace

Is ageism one of the last bastions of accepted prejudice in the UK? Take the Daily Mail’s “night of the living dead” coverage of the Stones’ Glastonbury performance – deemed acceptable where jokes regarding gender, race or disability are not. A new survey illustrates this attitude. Nearly half of younger workers in a recent poll think older colleagues are in danger of stifling their career prospects by retiring later, that their prolonged presence could damage productivity and that they have very little to teach the younger generation. Yet over half (55 per cent) of Generation Y workers questioned in the poll say the ethical credentials of a company would influence their choice of employer. Since the scrapping of the Default Retirement Age (DRA) the number of over-65s in the labour force has exceeded one million, and the survey, carried out for KPMG by OnePoll warns that tensions could rise as the need for employees to stay in the labour force for longer growing due to social and financial pressures. (more…)