May 1, 2013

Global coalition to create universal standard of property measurement

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

The world’s leading property institutions meet today to create a universal method of measuring property assets. At present, the way property assets – such as an office development is measured, varies widely from country to country. With so many different methods of measurement available, it makes it difficult for those looking to invest in these developments to compare like with like. This confusion can affect property values, lead to errors in financial reporting and, consequentially, undermine market confidence. Headed by RICS, this initial meeting of the International Property Measurement Standards Coalition (IPMSC) is the first step to delivering this consistency.

April 30, 2013

Balfour Beatty profits warning cites challenging construction sector

by Sara Bean • Company news, Property

Building and infrastructure firm Balfour Beatty has issued its second profits warning in six months, with the announcement that its UK construction business is expected to deliver significantly lower profits than expected this year. The company said the UK construction market has been a challenging environment in which to win and execute work, adding: “Market conditions which deteriorated significantly in the second half of 2012 continue to be difficult. Change in procurement trends, which we have previously highlighted have persisted, allowing customers to impose increasingly stringent conditions onto contractors.”

April 30, 2013

New survey reveals risks of cutting costs in corporate real estate

by Mark Eltringham • Facilities management, Knowledge, News, Property

A new report from Jones Lang LaSalle claims to highlight how those firms who see their property as a driver of added value rather than a cost reap rewards in the form of higher revenue, employee performance and shareholder returns. In contrast, those firms who view their facilities as a cost and seek to reduce those costs for short term gain are, in fact, storing up long term problems and risks. JLL’s report – Global Corporate Real Estate Trends – claims to reveal the top five corporate real estate risks, including negative impacts on competitive advantage and profitability from cost cutting, procurement processes, lack of collaboration between functions and failure to drive productivity.

April 30, 2013

Dubai developers switch unwanted commercial property projects to other uses

by Mark Eltringham • Facilities management, News, Property

The UK isn’t the only country looking to convert its unwanted office space into other uses. According to a new report from CBRE, the oversupply of new commercial property in Dubai is leading developers to switch the use of projects in the Emirate before they have even finished building them. With occupancy levels already at less than 50 percent in some areas and swathes of new developments coming online thanks to Dubai’s ongoing commitment to a policy of ‘build it and they will come’, developers are taking the decision to convert construction projects to homes or hotels.

April 29, 2013

Lack of skills hampering business growth say UK CEOs

by Sara Bean • News, Property, Workplace

Nearly two thirds (65 per cent) of UK employers say a lack of key skills is hampering their growth prospects – with construction, mining, engineering and energy companies reporting the most chronic shortage of skilled employees. Yet, according to a PwC global survey, while three out of four UK CEOs said creating a skilled workforce should be the Government’s highest priority only a third intended to do anything about it for the coming year. Instead, they see it as a longer-term goal; with 70 per cent of respondents saying they plan to increase investment in their workforce over the next three years. More →

April 26, 2013

British Land submits plans for London landmark Mayfair scheme

by Sara Bean • Architecture, News, Property

British Land has submitted a planning application to Westminster Council for a major new 193,500 sq. ft. mixed use scheme following its acquisition of the Clarges Estate last year. The site totals almost one acre bounding London’s Piccadilly and includes residential, offices and retail. Planning consent for an earlier scheme was granted in April 2011 but the new plans mean the development’s office element will be re-modelled from 91,000 sq. ft. to 47,500 sq. ft to sit on the ground floor and six upper floors with facades to Clarges Street and Bolton Street.

April 25, 2013

New projects to research green building solutions

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

Two major new projects to further the development of sustainable building solutions have been launched. The BRE (Building Research Establishment) National Solar Centre, aimed at providing a research based, independent platform in the use of solar energy in the UK was officially opened in Cornwall today, and a £1m ground-breaking building called the HIVE funded by the Engineering and Physical Sciences Research Council (EPSRC) and led by Dr Mike Lawrence from the University of Bath’s BRE Centre for Innovative Construction Materials, is to be built at a dedicated research park in Swindon.

April 24, 2013

Plans for redevelopment of iconic BBC Television Centre confirmed

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

Detailed plans to open up and transform the BBC’s Television Centre into a mixed use development including office and studio space for the BBC have been released today. Developers Stanhope and the BBC revealed in February that for the first time, Television Centre will be opened up to the public and the famous forecourt remodelled. The BBC will remain at Television Centre operating studios and BBC Worldwide will consolidate their new home at Television Centre, following refurbishment. The remaining offices are aimed at occupiers in the creative sector. The much loved listed buildings at Television Centre will be retained. More →

April 23, 2013

CIBSE creates diversity panel to reflect varied workforce

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

Efforts to encourage a more inclusive culture within the built environment appear to have moved up a gear. RIBA President Angela Brady has voiced concerns on the “gender inequality that continues to pervade the profession,” and now the Chartered Institution of Building Services Engineering (CIBSE) has launched a Diversity Panel. Formed to encourage diversity in all its forms, whether race, gender, age, sexual orientation or disability, it is made up of CIBSE members who are keen to increase the routes to the profession through educational paths and by promoting a diverse workplace. Commented CIBSE: “The employment and retention of a varied workforce is integral to meet the building services engineering skills gap and to therefore improve building performance.” More →

April 22, 2013

NHS Estate inefficiencies present ‘Hyde Park sized opportunity’, claims report

by Mark Eltringham • Facilities management, Knowledge, News, Property, Public Sector

Consultants E C Harris have just published the latest edition of their report into the NHS Estate which claims that the service has an opportunity to save around £2.3 billion a year in the way it manages and procures space. Every report needs headlines to go with and in this case E C Harris have plumped for the idea that the NHS is underutilising space equivalent to an area the size of Hyde Park and that an eighth of the estate is unsuitable for its intended use, equivalent to ‘three Hyde Parks’. Last year’s edition of the report claimed the potential saving of disposable space was the equivalent of ‘264 Premier League football pitches’, which at least has the advantage of being comprehensible for those who can’t envisage how big Hyde Park is.

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 →