Land Securities £260m development confirms City office confidence

by • Architecture, Company news, News, Property

Land Securities announcement today of a £260 million development of 1 & 2 New Ludgate, EC4, a speculative mixed-use development in the City of London confirms a growing confidence in the City office market. The 379,000 sq ft scheme occupies an island site near St Paul’s Cathedral and comprises two distinct buildings united by a new public piazza, which together aim to offer 346,000 sq ft of office accommodation set around open and green spaces. Colette O’Shea, Head of Development, London said: “Our decision to commence the speculative development of 1 & 2 New Ludgate reflects our confidence both in the City office market, where we believe supply of new space will be constrained in 2015, and in the quality of the attractive and highly efficient office space we are creating.” More →

Online BIM discussion group created for the built environment

by • Facilities management, News, Property, Technology

The BIM4FM group, representing institutes, trade associations and professional bodies within the built environment has created an online discussion group to stimulate the conversation around the engagement of facilities managers, owners and occupiers in Building Information Modelling (BIM) and Government Soft Landings (GSL). Geoff Prudence, Chairman of the BIM4FM group explained: “Since our launch many individuals have asked to join the BIFM4FM group. However, the group has been set up as a steering committee of institutes, trade bodies and professional associations, supported by the Cabinet Office Government Property Unit. That said, rather than excluding the enthusiasm of individuals, we thought we should encourage and harness their input from across our communities, as it’s often those who are operating at grassroots level who raise the most valuable insights.”   More →

Consultation opens on facilities management to ‘enhance organisational performance’

by • Facilities management, Knowledge, News, Property

Consultation opens on 'managing facilities to enhance organisational performance’

Facilities and property managers worldwide are being asked to help shape a ‘Strategic Facilities Management Guidance Note’. Once established, the note – spearheaded by a RICS-led working group – aims to help drive professionalism and enable benchmarking across the sector by creating greater consistency in the delivery of FM services. The guidance forms a key part of RICS’ wider campaign to improve understanding and recognition from businesses for the performance efficiencies that strategic FM can deliver. The call for global feedback follows RICS’ initial UK consultation last year which has resulted in the publication of the draft guidance, ‘Managing facilities to enhance organisational performance’.

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New European Awards recognise leadership in sustainable building

by • Architecture, Environment, Facilities management, News, Property, Public Sector

The first awards to recognise outstanding leadership in sustainable building in Europe have been launched by the World Green Building Council’s European Regional Network. The “WorldGBC Leadership Awards – Europe Region” will honour best practice and excellence in cities’ green building policy, as well as in construction projects and corporate initiatives across the continent. The awards feature three categories – Excellence in City Policy for Green Building, Leadership in Building Design and Performance, and Business Leadership in Sustainability – and are open to city councils and policy makers, projects and businesses. More →

Construction sector is digging its way out of recession

by • Facilities management, News, Property

Construction sector is digging its way out of recession

The UK’s Employment Outlook is looking firmly positive, according to ManpowerGroup, and it’s being driven by an upturn in construction and a buoyant London economy. “As we head into the summer months, the UK jobs market is not too hot, but not too cold either. It’s all about the Three ‘C’s:  Construction, the Capital, and Consistency,” said ManpowerGroup UK Managing Director, Mark Cahill. The first ‘C’ is for Construction, the most improved sector this quarter, up by five points, which is positive news as construction has been a huge drag on the whole UK economy, and is one of the main reasons we’ve had a double dip recession. Now ManpowerGroup reports it is starting to see rising demand for skills across the board, particularly in skilled trades and engineers. More →

British Land on track to meet targets on green building efficiency

by • Company news, Environment, Facilities management, News, Property

British Land on track to meet sustainability targets

British Land says it is on track to meet many of its 2015 targets on managing buildings efficiently, developing sustainable buildings and reducing carbon emissions. In its Corporate Responsibility Report for 2013, the real estate investment trust, which owns and manages a portfolio of commercial property worth £16.4 billion reiterates its commitment to sustainable property management: “There are increasing indications to support our view that sustainability, and particularly energy efficiency, grow income and grow value in the longer term. We are convinced this will be proven over time. Green buildings are also less at risk of obsolescence, thus further protecting and growing capital value over the medium to long term.” More →

Record breaking month for City of London office leasing market

by • Facilities management, News, Property

The City of London leasing market has had one of the highest monthly take ups on record in May, with a total of 793,400 sq ft being let – up by 117 per cent month-on-month and 135 per cent on May last year. This brings the year to date take-up to 2.2 million sq ft, a 46 per cent increase on the equivalent period in 2012 according to Jones Lang LaSalle.  Five lettings over 50,000 sq ft were recorded during May, of which three were pre-lets exceeding 100,000 sq ft. These include Amazon at Sixty London, EC1 (213,000 sq ft), Bird & Bird at 12-14 New Fetter Lane which was leased last month by Great Portland Estates (pictured), EC4 (136,200 sq ft), and Amlin at The Leadenhall Building, EC3 (111,800 sq ft). More →

Applications for UK commercial property developments continue to fall

by • Knowledge, News, Property

Commercial property constructionAccording to law firm EMW LLP, the number of planning applications submitted for commercial property developments in the UK has fallen for a second successive year. The firm claims that the around 4 percent fall is down to declining demand from tenants. However there are stark contrasts between London and the rest of the UK measured both in terms of market activity and the number of tower cranes on the skyline, with London now having more than the rest of the UK combined for the third consecutive year according to the Health and Safety Executive. The report echoes the findings of the latest Markit/CIPS report on construction activity which saw a fall in construction activity, although total activity increased on the back of an increase in housebuilding.

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Facebook shares details of New York office design by Frank Gehry

by • Facilities management, Property, Workplace design

Facebook has announced details of its new headquarters in New York.  The social media giant has signed a ten year lease on a 100,00 sq. ft. space over two floors of a building on Broadway. The office design will be carried out by no less a figure than Frank Gehry who is already masterminding the development of the company’s global HQ in California. From next year, the new building will be home to Facebook’s regional engineering, design, sales and marketing functions who will move from the current office on Madison Avenue to the new site which is reportedly on the fringes of Manhattan’s ‘Silicon Alley’. The new building dates from 1906 when it was designed as a department store.  It is already home to AOL and the Huffington Post.

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RIBA and CIBSE call for collaboration in CarbonBuzz initiative

by • Environment, Facilities management, Knowledge, News, Property, Public Sector, Technology

RIBA and CIBSE call for pan-industry collaboration in CarbonBuzz initiative

The CarbonBuzz energy benchmarking initiative, backed jointly by the RIBA and CIBSE gets a new online platform next week. The CarbonBuzz project allows users to record, share and compare the real energy use of building projects and to shed light on the differences between predicted and operational performance. Now RIBA and CIBSE are calling on architects and building services engineers to upload their projects to CarbonBuzz and re-energise the industry’s benchmarking database, which was first launched in 2008. Both institutes have spearheaded the publication of energy data in their annual awards schemes and point out that CarbonBuzz is the best way to demonstrate energy credentials. More →

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 →

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