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 →

April 4, 2013

UK construction activity slips again, but at a slower rate

by Mark Eltringham • Knowledge, News, Property

According to the latest Markit/CIPS monthly survey of purchasing managers in the construction industry, output in the sector decreased once more in March but at the slowest rate since October of last year. The seasonally adjusted Markit/CIPS UK Construction Purchasing Managers’ Index (PMI) which measures overall output in the sector, was calculated at 47.2 during March, up from 46.8 in February. Scores below 50 are deemed to indicate a contraction in the market. The reduced output was put down to a combination of subdued underlying demand and unusually bad weather.

April 4, 2013

UK commercial property investors shift focus to the regions

by Mark Eltringham • Knowledge, News, Property

Investors in the commercial office market are increasingly being drawn towards the UK regions, according to a new report by Deloitte Real Estate. The UK Key Cities publication explores the trend that regional offices are emerging as a focus for savvy investors seeking higher returns. At the same time, individual cities are recognising the need to stand apart from competing locations and bridge the gap between themselves and London. These cities are being bolstered by factors such as improved connectivity through large planned infrastructure projects, devolution of power, and investment into the retail and leisure markets.

April 3, 2013

SBID International Design Awards 2013 open for entries

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

Entries are now open for the SBID (Society of British Interior Design) third International Design Awards, which recognises design excellence across the built environment, ranging from super luxury projects, to innovative design and new talent on limited budgets. The fourteen categories include residential and contract sectors, entertainment space, transport, product and public space, visualisation (3d renderings) and interior design project under £50,000. Previous finalists and winners have included: Candy & Candy’s Candyscape II and Number One Hyde Park; Bentley Motors Head Office in Crewe by FutureBrand [pictured]; Mercedes Showroom in Washington by Studio Lux; The Hyundai Business Centre in Korea by Hyundai Construction and Engineering; Viking Cruises by Integration.

March 31, 2013

Facebook hits like button for low-key Gehry campus building

by Mark Eltringham • Architecture, Environment, Facilities management, News, Property, Technology, Workplace design

Normally it would strike you as a bit odd that a company would appoint one of the world’s most high profile architects to design its new headquarters, a man with an immediately recognisable and frequently stunning visual style, only to then ask him to rein it all in and produce something pretty sober and unobtrusive. But that is precisely what Facebook has done with the appointment of Frank Gehry who has been tasked with producing a low key design for its new headquarters building and campus in California which gained approval at the end of last week.

March 29, 2013

We shape the world’s cities, then they shape us

by Mark Eltringham • Architecture, Comment, Knowledge, Property

The story of the world’s cities is often told not in words but in numbers. This is especially the case with the megacities – those with a population in excess of 10 million – which obtain enough critical mass not only to produce eye boggling statistics but also to distort the fabric of whole regions and change the way people live and behave. This is true for the established megacities of London, New York and Tokyo as well as the emerging global metropolises in Sao Paolo, Beijing, Mumbai, Shanghai, Cairo and Istanbul. It is also increasingly true for cities many people have never heard of.