Moody’s latest firm to quit Canary Wharf for smaller offices in London

Moody’s latest firm to quit Canary Wharf for smaller offices in London

Credit ratings agency Moody’s is relocating its London headquarters from offices in Canary Wharf to a new location in the City of London. This move adds to the trend of financial firms opting to leave the Docklands district. The company will shift to offices at 10 Gresham Street in 2026, coinciding with the expiration of its lease at One Canada Square, the iconic pyramid-topped skyscraper in the heart of the east London estate. A spokesperson for Moody’s confirmed the selection of the new location, emphasizing that the move is subject to closing. More →

UK office occupancy levels reach post-pandemic peak

UK office occupancy levels reach post-pandemic peak

New data from Remit Consulting suggests that UK office occupancy rates have risen to their highest level since the start of the pandemic.New data from Remit Consulting suggests that UK office occupancy rates have risen to their highest level since the start of the pandemic. Although still below pre-pandemic levels, the data indicates a gradual return to more office-based work patterns. The ReTurn Report is compiled by Remit Consulting each week. It uses data provided by building managers in ten cities based on their property’s access control systems. More →

Real estate sector is at a pivot point worldwide, report claims

Real estate sector is at a pivot point worldwide, report claims

Despite continued economic uncertainty around the world, there is a strong belief that the global real estate industry is at a ‘pivot point’, with improving prospects ahead for renewed investment activity, according to the latest Emerging Trends in Real Estate Global Outlook 2024 from PwC and the Urban Land Institute (ULI). The report amalgamates three regional reports, which canvassed thousands of real estate leaders across Europe, the United States and Asia Pacific, and is a key indicator of sentiment towards the global real estate investment and development outlook across the globe. More →

UKGBC publishes new guidance on embodied carbon emissions reporting for more rigorous carbon reduction strategy

UKGBC publishes new guidance on embodied carbon emissions reporting for more rigorous carbon reduction strategy

The UK Green Building Council (UKGBC) has launched new guidance on Scope 3 embodied carbon measurement and reporting, for stakeholders across the built environment. Scope 3 represents a proportion of an organisation’s indirect embodied carbon emissions that can constitute up to 80-95 percent of its total value chain footprint. Setting out a way to coherently align embodied carbon assessments, the guidance reframes Scope 3 reporting as a singular methodology rather than siloed efforts. More →

They call it mellow yellow. Issue 19 of IN Magazine lands

They call it mellow yellow. Issue 19 of IN Magazine lands

The new issue of IN Magazine has been published today.The new issue of IN Magazine has been published online today. In this issue: we ask why firms are so reluctant to change what they do; a dream of the past and future of work; Andy Lake talks about his new, visionary book; how AI might make cities worse; what inclusive design means; a panel of experts discuss what changing work practices mean for major business districts; why we must rethink how we light our streets and squares; how to strike the right balance when it comes to creating meetings in offices; and we take a grand tour through the Bucharest HQ of the world’s biggest travel group. More →

University of Warwick receives £1.25 million to research how AI could change the market for real estate

University of Warwick receives £1.25 million to research how AI could change the market for real estate

The University of Warwick has received a £1.25 million donation to launch the FutureFinance.AI Research Group that could transform the way the world purchases, sells, rents and handles real estate over the next five yearsThe University of Warwick has received a £1.25 million donation to launch the FutureFinance.AI Research Group that could transform the way the world purchases, sells, rents and handles real estate over the next five years. Based in the Gillmore Centre for Financial Technology at Warwick Business School, the new Research Group will draw interdisciplinary scholars and thinkers from across the world to redefine and innovate the financial and property technology landscape. More →

State-of-the-art European weather centre headquarters in Reading given go-ahead

State-of-the-art European weather centre headquarters in Reading given go-ahead

The UK Government has been granted planning permission to develop a new cutting-edge headquarters for the European Centre for Medium-Range Weather Forecasts (ECMWF) at the University of Reading. Construction of ECMWF’s modern, accessible, and highly sustainable headquarters is scheduled to start towards the end of this year and completion is expected in Autumn 2026, after Wokingham Borough Council approved the development at its February 2024 Planning Committee. More →

“Security-by-design” aims fall short, and building costs spiral as a result

“Security-by-design” aims fall short, and building costs spiral as a result

A report claims that despite an increased commitment to “security-by-design” principles, the industry is still spending significant time and money post-build to fix issuesA new report from Brivo claims that, while security is a new priority in building design, a mismatch between ambition and reality can lead to spiralling costs. The results of its research into integrated physical security in building design by Architecture, Engineering and Construction (AEC) practitioners have been published in a report called The State of ‘Security-by-Design’: Is Security an Afterthought in Building Design?[registration]. The report claims that despite an increased commitment to “security-by-design” principles, the industry is still spending significant time and money post-build to fix security issues, risking dire retroactive effects. More →

Changing shape of workplace is creating new opportunities for property market

Changing shape of workplace is creating new opportunities for property market

A new report claims that changing approaches to the workplace will create new opportunities for the quickest and smartest to adaptAfter a challenging environment for commercial real estate in 2023, its fallout provides investors, developers and corporate occupiers with significant opportunities for value creation and transformational organisational change in 2024, says leading property management and investment firm, Colliers (EMEA) in its new market commentary: ‘Engage, activate and accelerate performance: next generation real estate strategies’ [registration]. The report claims that new approaches to the workplace will create new opportunities for the quickest and smartest to adapt. More →

London must take better decisions on whether to retrofit its buildings

London must take better decisions on whether to retrofit its buildings

The London Assembly Planning and Regeneration Committee has published a new report called Retrofit vs Rebuild? which asks how decisions are made to either retrofit or rebuild properties and the carbon implications for bothThe London Assembly Planning and Regeneration Committee has published a new report called Retrofit vs Rebuild? which asks how decisions are made to either retrofit or rebuild properties and the carbon implications for both. In London, buildings account for an estimated 68 per cent of the city’s carbon emissions. These emissions arise from the construction, operation, and demolition of buildings. The report claims that, if London is to meet the Mayor’s 2030 net zero target, there is an urgent need to reduce emissions from buildings and to retrofit both housing and commercial stock. More →

Revised plans submitted for joint tallest building in Western Europe

Revised plans submitted for joint tallest building in Western Europe

Eric Parry Architects have put forward revised plans for the One Undershaft tower in central London. A planning application for the project was first submitted to the City of London authority in 2016. The revised plans would make it the joint tallest building in the UK. More →

Lab rats – how the UK life sciences sector is struggling to find space to work

Lab rats – how the UK life sciences sector is struggling to find space to work

The UK wants to build on its already successful position as a globally important player in the life sciences and pharma sectors. Yet it is struggling to create enough space for growth in the right places and having to rethink wher research and innovation takes place In November 2023, plans to turn part of a golf course next to a motorway into a £340 million science park were refused by South Oxfordshire District Council. Although now classified as greenbelt, the location was the site of a landfill as recently as the 1990s and is just a stone’s throw from both the A40 trunk road and M40 motorway. The developers are expected to appeal. Whatever the details of this story, it is an example of how challenging it can be to meet demand for lab and life sciences space in the so-called Golden Triangle of London, Oxford and Cambridge in the South of England. This lack of supply is acting as a brake on the UK Government’s dream of making the country a “science superpower”. More →