May 28, 2013

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

by Mark Eltringham • Knowledge, News, Property

According 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.

May 22, 2013

New Centres of Excellence for sustainable building design launched

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

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 →

May 21, 2013

Worldwide competition launched by RIBA to design a new Scotland Yard

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

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 →

May 17, 2013

CBRE WorkShop concept is interesting, but is it workable?

by Simon Heath • Comment, Property, Technology, Workplace, Workplace design

I’d like to deal in this article with the arrival yesterday of the long-awaited white paper from CBRE’s thought leadership exercise, The CBRE Workshop. However, I should declare an interest for the sake of transparency. Until June 2012 I was employed by CBRE and reported directly to a couple of the people who are heavily involved in The Workshop idea. I would reassure readers that I am not a disgruntled former employee. I have a huge amount of respect and warm regard towards my erstwhile colleagues and nobody will be happier than me to see them do well.

May 15, 2013

RICS developing BIM accreditation standard to advance uptake

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

Alan Muse, Director of Built Environment Professional Groups (RICS) is calling for a cultural shift to ensure that Building Information Modelling (BIM) is more widely adopted. This follows the results of a survey taken at the RICS National BIM conference which revealed that despite its overwhelming recognition within the built environment nearly half of respondents were still not using the process, with 46 per cent identifying minimal client demand as a major factor preventing their implementation of BIM. Comments Muse: “Quite simply, some clients are not yet recognising the efficiencies that BIM can bring”, which is the reason why RICs is now developing a BIM accreditation standard.

May 15, 2013

Long term investment in infrastructure needed to boost UK economy

by Mark Eltringham • Knowledge, News, Property

The UK government should reverse the long term slump in infrastructure investment to boost the economy, according to a new report from the Centre for Economic and Business Research and the Civil Engineering Contractors Association. The report, Securing Our Economy: The Case For Infrastructure, calls for the government to address the decade long £13bn infrastructure construction shortfall and lays out a series of recommendations to reverse the situation. The report claims the UK endures a £78bn GDP ‘black hole’ each year due to the lack of investment and that by investing at the level of other developed economies, the economy could enjoy an additional £100 billion each year by 2026.

May 14, 2013

English Heritage clarifies requirements for post-war office buildings

by Sara Bean • Facilities management, Legal news, News, Property

The results of a pilot project to review list descriptions for post-war commercial offices has been announced by English Heritage. The revisions to 28 commercial offices by the conservation body have better identified the special interest in these buildings, which in many cases are the exterior and internally are usually limited to spaces such as lobbies and board rooms. When other parts of the building, such as basements and working floors are not of interest, this is said explicitly, thereby giving owners greater flexibility and clarity in the consents process and the management of change.

May 14, 2013

Will the Great Trade Association Merger have any impact on office design?

by Mark Eltringham • Comment, Facilities management, Property, Workplace design

Anybody who has been working in and around the facilities management sector for any length of time will know that the FM profession/discipline (delete as appropriate) regularly undergoes protracted periods of existential angst about its role. It strikes me however that this is actually quite an easy question to deal with because the answer is the same as it is for similarly amorphous professions such as marketing. It all seems to depend on who you are and what you are trying to do. That’s the twist. The average facilities manager, like the Urban Spaceman, doesn’t exist. I might think that but it won’t stop the associations and institutes currently working together to establish a new super-body for FM in the UK having to continue the debate.

May 10, 2013

Office rental sector benefits from office to home exemption

by Sara Bean • Facilities management, News, Property

The office rental sector has benefited from the prospect of reduced supply, stemming from the recent announcement by the government to relax the need for permission to change use from commercial to residential, according to RICS’ property and construction experts. Although the first quarter results of the 2013 RICS UK Commercial Market Survey reveals how the retail side of the commercial market continues to suffer, other areas of the commercial property market – such as office and industrial space have seen demand for premises strengthen slightly with no major increases in empty floor space and rising levels of tenant demand for office premises. More →

May 9, 2013

UK authorities win exemptions from offices to homes planning changes

by Mark Eltringham • News, Property

Following our report in February that the majority of London’s boroughs had applied to be exempt from plans to relax planning laws on the conversion of offices into homes, the government has today exempted most of central London and some UK regions from the new rules. Local authorities were asked to apply for exemptions earlier in the year and now cover areas within the jurisdiction of 17 local authorities including the City of London, Camden, Islington, Hackney, Tower Hamlets, Southwark, Lambeth, Wandsworth, Westminster, Newham and Kensington and Chelsea. Nationwide, exemptions have been granted for parts of central Manchester, the Vale of the White Horse, Stevenage, Ashford in Kent, Sevenoaks and East Hampshire.

May 8, 2013

Planning consent given for Tower Bridge Business Complex

by Mark Eltringham • News, Property

Workspace Group has announced that it has received planning consent for the mixed–use redevelopment of its property at the Tower Bridge Business Complex in South East London. The final development will offer 270,000 sq ft of existing business space and 60,000 sq ft of new business accommodation as well as 800 new residential units and a public park. Jamie Hopkins, chief executive officer said: “There is strong demand for tailored business space in the area and it is our firm intention to increase the number of jobs on site in order to benefit the local community. The development also provides a significant boost to both the capital value and rental income of the site.”

May 2, 2013

UK Green Building Council sets out its plans for the built environment

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

The built environment is an engine for green growth and UK Green Building Council (UK-GBC) intends to demonstrate how, says the sustainable buildings campaigner today as it outlines specific areas of focus to promote green building over the next 12 months. This follows the publication of its Impact Report earlier this week which reflected on some of its key initiatives over the past year, including the launch of Pinpoint, a new search engine for information on green building, the publication of a plan for growth strategy and its work to influence government policy regarding the built environment.