Mayor confirms £1billion China gateway business district in London

by • News, Property

Royal DocksLondon mayor Boris Johnson has confirmed the details of a £1bn investment in a new business district that will transform the Royal Docks into a 35 acre gateway project aimed primarily at firms from China and Asia looking to establish a business foothold in the UK and Europe. The site is intended to deliver more than 2.5m sq ft of office as well as retail and leisure facilities under the plans. Chinese owned developer ABP will work with Stanhope and architects Farrells with the first firms taking up occupancy in 2017. The Greater London Authority said the proposed development would create 20,000 full-time jobs, and inject £6bn into the UK economy, with £23m in business rates generated annually. No tenants are confirmed at this stage although the developers claim interest from Chinese banks is said to be high.

Crown Estate in £320m joint venture to redevelop area around Regent Street

by • Company news, News, Property

St James Market architect's impression-2

The Crown Estate, which manages the Queen’s property portfolio has announced a joint 50/50 – £320 million venture with Canadian real estate company, Oxford Properties. The Crown Estate, which will retain the freehold and take the lead role in the development says the St James’s scheme will provide 210,000 ft2 of prime office and 50,000 ft2 of flagship retail and restaurant space in two blocks located between London’s Regent Street and Haymarket. The project forms part of the Crown Estate’s ten-year investment strategy for St James’s and will transform a run-down back street service yard and taxi ‘rat-run’ with: “a fantastic new amenity for St James’s, revitalising half and acre of public realm and creating a new 10,000 ft2 pedestrian square for world-class business, shopping and dining.” (more…)

Three quarters of London investment banks set to trim corporate real estate

by • Knowledge, News, Property

AxeAccording to a new report from CBRE, nearly three quarters (72 percent) of investment banks based in London are looking to cut their corporate real estate portfolios over the next two years as they adjust to a changing global market for their services as well as structural changes in the UK’s regulatory framework.  As well as trimming London based properties, the report says that banks will continue to relocate functions to the UK regions in an effort to reduce costs.  Since the low point of 2009, rents in the City of London have increased from £42.50 per sq ft to about £55 per sq ft. The survey also found that just over a third (34 percent) of banks expect to see cuts as a result of mergers and acquisitions in the sector.

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Wellness programmes largely a waste of time, claims US report

by • Knowledge, News, Workplace

CranberryMuffinAccording to press agency Reuters, a long-awaited report on workplace wellness programmes, which has yet to be published, delivers a blow to the increasingly popular efforts by employers to address the waistline of employees as well as the bottom line of their businesses. According to a report by researchers at RAND Corp in the US, the now commonplace corporate sanctioned wellness programmes that encourage employees to become healthier and reduce absenteeism and medical costs only have a modest effect. RAND delivered the analysis to the U.S. Department of Labor and the Department of Health and Human Services last Autumn as part of a Government review ahead of new legislation.

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Interiors Group wins new projects in MIddle East

by • Company news, News, Workplace design

37-STA_7947Abdul Latif Jameel, a Saudi Arabia based distributor for Toyota has appointed The Interiors Group to fit out 22,000 sq feet of space in their new corporate headquarters in Dubai. The Interiors Group will work alongside the UAE based operations of  BDP and Whitby Mohajer to deliver the project. The contract is the latest success for the company in the region following its recent win of a  contract to fit out the new Middle East Headquarters of OiLibya. The project, based in the Jumeirah Lake Towers, Dubai, covers some 11,000 sq feet and is due for completion in June. The project was architecturally designed by Artillery with services by Whitby Mohajer Engineering Consultants. The Interiors Group have also been awarded a 3500 sq feet contract for Optasense in Dubai, in the Jumeirah Business Centre.

Hello, hello, hello. Latest issue of the newsletter is available to view online

by • News, Newsletter

Hello hello helloThe latest issue of the Insight newsletter is available to view online. This week, Simon Heath illustrates the issue and offers some thoughts on an exciting new project from CBRE. Richard Dawkins has some of his idea  hijacked to make a point about ergonomics. We highlight Nigel Oseland’s and Adrian Burton’s research into the link between office design and performance. A new competition to design a new New Scotland Yard is announced and in Bucharest, Colliers International think they know the sort of office in which millennials would like to work. To view it in your browser, please click here.

UK employee engagement and productivity lags behind most of world

by • Knowledge, News, Workplace

UK employee engagement and productivity lags behind most of world

You might regard the concept of employee engagement as just a new way to describe industrial relations, but there is a growing body of research that UK employers need to do more to keep their employees on side. According to the latest missive, low employee engagement and lagging productivity is the greatest employment challenge facing UK business in 2013. Global research by Right Management  found that this was the key concern for one in three (31 per cent ) employers compared to a global average of just one in five (21 per cent ) HR professionals, suggesting that after years of economic uncertainty and doing ‘more with less’, the UK workforce has reached a productivity impasse. (more…)

New Centres of Excellence for sustainable building design launched

by • Architecture, Environment, Facilities management, Knowledge, News, Property

New Centres of Excellence for sustainable building design launched

Centres of Excellence in Sustainable Building Design are to be set up at four UK universities in collaboration with the Royal Academy of Engineering. The new centres at Heriot-Watt University, Loughborough University, the University of Sheffield and University College London will form a national network to demonstrate and exchange best practice in teaching and research for a more sustainable built environment. The universities will work closely with the construction industry to develop their engineering and architectural design courses to be as relevant as possible to the work students can expect to do when they graduate. Visiting Professors from industry are a key part of this approach and will be heavily involved in developing the new centres of excellence. (more…)

Fearful UK employees benefit from engagement policies finds survey

by • Knowledge, News, Public Sector, Workplace

 Fearful UK employees require greater engagement levels finds survey

A new study provides some proof that the employee engagement lobby has some validity. According to a new national survey, job stress has gone up and job-related well-being has gone down since the start of the recession, with Britain’s employees feeling more insecure and pressured at work than at any time in the past 20 years. The Economic and Social Research Council (ESRC) and the UK Commission for Employment and Skills (UKCES) report the biggest concern was about pay reductions, followed by loss of say over their job. However, the survey found that where employers pursued employee engagement practices, giving employees more involvement in decision making at work, staff were less anxious about their jobs. (more…)

Office hierarchy determines ergonomic quality of workplace

by • Comment, Facilities management, Furniture, Knowledge, News, Technology

Office hierarchy determines quality of workplace ergonomics on offer

When you consider health and safety dangers at work, there is really no contest between the risks blue collar workers face – falls from height, heavy lifting and breathing in asbestos dust – compared to the relatively minor mishaps of the average office worker. But it seems there is no such thing as an ‘average’ office worker either and where you fit in the pecking order could have a direct impact on the level and quality of the ergonomic tools you’re offered. According to a worldwide survey published by Jabra and YouGov there is a great demographic divide when it comes to the ergonomic equipment provided within the office – and your level of education and department play a significant role in how well you are seated and whether you are offered a headset or handset. (more…)

Worldwide competition launched by RIBA to design a new Scotland Yard

by • Architecture, News, Property, Public Sector, Workplace design

Courtesy of Simon Heath

Courtesy of Simon Heath

A worldwide competition to design a new Metropolitan Police HQ has been launched by the Royal Institute of British Architects (RIBA). The force is moving from its landmark New Scotland Yard site in Westminster, central London as part of cost cutting measures. The project on behalf of the Mayor’s Office for Policing and Crime (MOPAC) and Metropolitan Police Service (MPS) will involve the redevelopment of the existing and currently unoccupied Curtis Green MPS building located on the Victoria Embankment, London, SW1. Roger Harding MPS – Director of Real Estate Development said: “The opportunity to create a modern efficient working environment for the Met’s future headquarters, with world-class architecture that provides value for money and is alive to the history of the building provides a wonderful challenge.” (more…)

Groundbreaking study reveals work is better for you than retirement

by • Knowledge, Legal news, News, Workplace

Groundbreaking study reveals work is better for you than retirement

The scrapping of the UK’s Default Retirement Age (DRA) two years ago is seen by many employers as a negative step. But now a ground-breaking new study provides evidence that working past a set retirement age is much better for the nation’s health. Work Longer, Live Healthier: The relationship between economic activity, health and government policy, published by the Institute of Economic Affairs and the Age Endeavour Fellowship finds retirement has a detrimental impact on both mental and physical health over time. The stats make for uncomfortable reading for anyone considering taking that long cruise. You’re more likely to be clinically depressed, have at least one diagnosed physical condition and are less likely to enjoy good or excellent health. (more…)

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