April 19, 2013

High wire act: balancing attitudes and expectations in the workplace

by Simon Heath • Comment, Facilities management, Property, Workplace, Workplace design

This week, with some fanfare and a modest splash on social media, CBRE, the Global real estate services provider launched The Workshop Idea. One of its stated aims is the revitalisation of our high streets and, with the introduction of local venues in a number of differing guises, an increase in the degree of choice and flexibility of places in which to work when not travelling into the office. A whitepaper is due out shortly and we will cover this specific initiative once that has been given the proper consideration and thoughtful analysis it deserves. However, it raises some initial thoughts on expectations, attitudes and behaviours that need to be overcome in the way we view our high streets and places of work and the degree to which those who provide services respond.

April 18, 2013

Commercial construction sector grew in first quarter of 2013

by Sara Bean • Facilities management, News, Property, Workplace

There has been a steady growth in the UK commercial construction sector in the first quarter of this year, according to international property recruitment consultancy Judd Farris. The commercial construction sector has experienced steady growth, with a resulting high demand for experienced commercial candidates with knowledge of fit-outs and general build. There is also a strong recent demand for strategic sourcing candidates within Facilities Management. Said Tom Flood, Associate Director, Judd Farris: “As part of continuing cost-saving measures, companies are keen to appoint procurement specialists to effectively manage their strategic sourcing and supplier contracts.” More →

April 17, 2013

City approves plans for new offices by Fire of London Monument

by Sara Bean • Architecture, News, Property

The City of London has granted planning permission for the development of an 88,000 sq ft (8,175 sq m) office-led scheme, next to the historic Monument column which commemorates the Fire of London in 1666. The project by Skanska Project Development Ltd (SPDL) will see the existing buildings at 11-15 Monument Street, 46 Fish Street Hill and 1-2 Pudding Hill replaced with around 85,000 sq ft (7,896 sq m) of offices on nine floors, with floorplates of around 10,000 sq ft (929 sq m), and 3,000 sq ft (278 sq m) of ground floor retail accommodation. Work is expected to start on site later in the year with completion scheduled for 2015.

April 17, 2013

Abu Dhabi continues to create new offices, despite current oversupply

by Mark Eltringham • Architecture, Knowledge, Property, Workplace design

A new report from Jones Lang LaSalle into the property market in Abu Dhabi claims that although the Emirate is committed to investing in the development of new commercial property, there is already a serious oversupply of offices in the region. Vacancy rates already stand at over a third (37 per cent) with increases expected as new developments become available. Around 1 million sq. m. of new office space is set to be developed in Abu Dhabi between now and 2015, increasing the total commercial building stock by a quarter. The JLL report claims that this oversupply is suppressing rents. Grade A properties now yield about 40 per cent of what they did at their peak in the final quarter of 20008 while Grade B space also continues to see falls in its yield.

April 15, 2013

Report claims empty offices could provide 11,500 homes

by Mark Eltringham • Knowledge, News, Property

According to new research from Lambert Smith Hampton, there is nearly 12m sq. ft of obsolete office space in the UK’s regional markets which the firm estimates could yield as much as 7.4m sq. ft. of space suitable for conversion to residential use under the Government’s controversial new planning rules. The researchers claim that this equates to approximately 11,500 new homes. The government has relaxed the planning systems in the UK to encourage developers to shift the use of space although critics have argued that this may serve to distort the market for property in some areas as residential properties are potentially more lucrative than commercial properties.

April 13, 2013

Report highlights changing occupier demands in City of London property

by Mark Eltringham • Knowledge, News, Property

A new report from DTZ has outlined the ways in which the City of London property market is changing in response to occupier demand. As has been revealed in previous recent surveys, one of the most significant factors is a shift in focus away from the City’s traditional financial services heartland towards the technology, media and telecoms (TMT) sector. Other structural changes include greater demand for different types of facilities from law firms as the legal sector adjusts to developments in its own market. The broader base of tenants and the expected economic upturn will mean a gradual improvement in demand although the report concedes that even by 2017, the market will not have returned to its peak.

April 10, 2013

The latest edition of the Insight newsletter is now online

by Mark Eltringham • Facilities management, Legal news, News, Newsletter, Property, Technology, Workplace, Workplace design

The April 10 edition of the Insight newsletter is now available to view online covering a range of themes from commercial property to ergonomics, human resources to workplace technology, office design to legislation, all done with the usual verve and willingness to tackle issues in a genuinely engaging and unique way. Office Insight is already the most widely read publication in the UK dedicated to workplace design and management with up to 1,000 unique readers daily. The online newsletter is available to read here and it’s quick and easy to subscribe through the main website if you don’t receive a copy already.

April 8, 2013

One St Paul’s offices attracts “new type” of City tenant

by Sara Bean • Architecture, Facilities management, News, Property

A marketing campaign aimed at attracting non-traditional City occupiers appears to have paid off, with the entire 60,000 sqft office element of One St Paul’s in the City of London being let to a single tenant. Genesis Oil and Gas Consultants Ltd has agreed a 15-year lease for all six storeys of bespoke office space, and will take possession upon handover of the building works during the summer of 2013, with the aim of moving its headquarters in the autumn. The deal marks the culmination of AXA Real Estate’s reworking of the property as a major mixed-use redevelopment scheme.

April 8, 2013

Winners announced for 2013 real estate thought leadership

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

An organisation that helps businesses set up or expand their offices in the San Francisco Bay Area and Google’s campaign to source more sustainable building materials are amongst the initiatives which have been recognized in CoreNet’s awards for Industry Excellence, Economic Development and Sustainable Leadership. Fidelity, Panasonic, Google, the Brick City Development Corporation and the San Francisco Center for Economic Development are all named as winners for three annual best practices awards by the corporate real estate (CRE) and workplace association. The awards are presented each year to industry leaders who demonstrate best-in-class practices in advancing corporate real estate thought leadership. More →

April 5, 2013

Project awarded for design and build of new Kuwaiti Ministry

by Sara Bean • Architecture, News, Property, Workplace design

The competition to design and build the future General Department of the Information System (GDIS), in Kuwait has been won by AGi architects, in collaboration with Bonyan Design. The aesthetics of the building, which will encompass a total gross area of 135,482 sqm is shaped by the superposition of two contrasting layers: a massive stone plinth at the lower level, and lighter glass structures on the upper floors. At ground floor level there will be a plaza conceived as an inner urban space that will be the core of flows and circulations and will provide access to all four departments included in the building More →

April 5, 2013

What Tesco’s move into a Clerkenwell office tells us about how it sees itself

by Mark Eltringham • Comment, Property, Technology

If Tesco ever wants to update its three word strapline from Every Little Helps, it could plump for something more accurate such as We Own You. Unless Facebook or Google register it first, of course. The news this week that the extensively diversified retailer is to set up an office for its digital operations in the heart of one of the UK’s Technology Media and Telecoms (TMT) hothouse in Clerkenwell tells us a great deal about how it sees its operations in this area. The move will not only help Tesco to recruit staff in and around the Tech City area of East London, but sets a marker for how it views its place in the scheme of things.

April 4, 2013

Dutch Embassy to move to South Bank development

by Sara Bean • Architecture, News, Property

The Dutch Embassy in London is to move from its current location at Hyde Park Gate to a 50,000 sq ft site as part of the Embassy Gardens development on the South Bank of the Thames. The Embassy, which will move in 2017, will sit adjacent to the new US Embassy, already under construction and due for completion during the same year. Embassy Gardens is part of the Nine Elms development on the South Bank and is masterplanned by architect Sir Terry Farrell to encompass a kilometre-long Linear Park – starting in Vauxhall and moving through Embassy Gardens on the way to Battersea Power Station. More →