Government turns to business rates reform to improve building quality, but will it work?

Government turns to business rates reform to improve building quality, but will it work?

by • Facilities management, News, Property

The UK Government claims that a new bill will support businesses by modernising the business rates system to incentivise property improvementsThe UK Government claims that a new bill will support businesses by modernising the business rates system to incentivise property improvements and support more frequent revaluations. The measures being put forward review and reform business rates in England, making them fairer and more responsive to changes in the market. The Non-Domestic Rating Bill will introduce more frequent valuations, to take place every three years instead of the current five, meaning those with falling values will see their bills drop sooner, accorrding to the Treasury. More →

EU building data project to drive full decarbonisation in three European countries

EU building data project to drive full decarbonisation in three European countries

by • Environment, Facilities management, News, Property

Czechia, Ireland and Spain will be the first countries to participate in a new initiative which aims to boost the availability of quality building climate data, a critical step towards full decarbonisation of the heavily emitting construction sectorCzechia, Ireland and Spain will be the first countries to participate in a new initiative which aims to boost the availability of quality building climate data, a critical step towards full decarbonisation of the heavily emitting construction sector, responsible for almost 40 percent of global carbon emissions. The INDICATE initiative will bring together governments, industry and academia to tackle one of the most common barriers to enacting policies which will ensure climate neutral construction: a lack of reliable and comprehensive emissions data for buildings. More →

Are we asking the right questions about the workplace?

Are we asking the right questions about the workplace?

by • Comment, Everything Omni, Facilities management, Property

In 1989, Stephen Fry and Hugh Laurie, performed a TV sketch called Information. You can watch it below. It featured Stephen Fry sitting at a desk with a placard displaying the word “INFORMATION”. He asks, “Can I help you?” to which Hugh Laurie replies, “Oh, I would like some information, please”. Though, in the discussion, Hugh Laurie expects to get information without asking any questions, Stephen Fry explains that he has lots of information, such as “the average weight of a rabbit”. In response comes the statement, “Well, I didn’t know that, that there was an average weight of a rabbit!” More →

Rising business rates could impact affordable workspace in London

Rising business rates could impact affordable workspace in London

by • News, Property

Colliers calls on Government to provide greater support to tech and creative industries who will struggle as business rates rise in Revaluation 2023The 2023 business rates revaluation will come into effect on the 1st of April 2023, the first of its kind for six years and according to business rates experts at Colliers could have a material impact on the provision of affordable workspace in the capital, historically located in the “fringe” locations. Colliers claims that this is because rents and hence rateable values in fringe locations such as Hackney, Southwark and Hammersmith & Fulham have increased at a greater pace than in historic ‘core’ office locations such as the City, Islington and the West End, and those fringe locations have now become equally or in some cases more expensive locations than those in the Central London core. More →

MIPIM 2023 confirms that green sells. But is commercial real estate buying?

MIPIM 2023 confirms that green sells. But is commercial real estate buying?

by • Comment, Environment, Property

MIPIM may have returned last year, but 2023 was the year it felt backMIPIM may have returned last year, but 2023 was the year it felt back. That was despite widespread concerns over the rising costs of refinancing and a banking crisis that started with the collapse of Silicon Valley Bank in the US and quickly moved to Europe, with Swiss financial regulators beginning to put together during MIPIM week the deal that would see UBS buy Credit Suisse in an emergency rescue. More →

The importance of an office location in business

The importance of an office location in business

by • Company news, Property

Your office location can have a significant impact on your price points, accessibility, and your competitionWith thousands of businesses converting to online commerce, the importance of an office or storefront is often overlooked. While internet commerce is undoubtedly at an all-time high, millions of consumers still shop and do business with brick-and-mortar companies. Your business location can have a significant impact on your price points, accessibility, and your competition. Where you set up your shop should be one of the most carefully considered aspects of opening your business. Office location is truly everything when it comes to business success. More →

Canary Wharf Group shifts its focus to life sciences sector

Canary Wharf Group shifts its focus to life sciences sector

by • News, Property

The development of a major life science cluster at Canary Wharf continues to build momentum with a range of life sciences focused start-ups and scaleup businesses joining the growing community of technology businessesThe development of a major life science cluster at Canary Wharf continues to build momentum with a range of life sciences focused start-ups and scaleup businesses joining the growing community of technology businesses at its specialist co-working and office hub, Level39, according to a new statement from Canary Wharf Group. Launched by Canary Wharf Group ten years ago, Level 39 is now home to over 180 start-ups and scaleups innovating in FinTech, Cyber Security, CleanTech, Blockchain, Life Sciences and HealthTech. More →

The UK workplace sector reacts to the Spring Budget 2023

The UK workplace sector reacts to the Spring Budget 2023

by • Environment, News, Property, Workplace

The workplace sector in the UK has been reacting to the announcements in the Spring budgetToday the UK’s Chancellor of the Exchequer, Jeremy Hunt presented his Spring Budget to the House of Commons. In it he announced what her referred to as his ‘four pillars’ of industrial and productivity strategy, namely: ‘Enterprise’, ‘Employment’, ‘Education’, and ‘Everywhere’. Perhaps the headline element of this announcement was the creation of twelve new investment zones across the UK as well as incentives for older workers to return to the country’s patchy workforce. This includes£63m for programmes to encourage retirees over 50 back to work, “returnerships” and ‘skills boot camps’. Another headline for the workplace sector was the offer of improved childcare arrangements, especially for the parents of very young children, who will see 30 hours of free childcare expanded to include one and two-year-olds. More →

Only one in eight office occupiers think their property aligns with their business objectives

Only one in eight office occupiers think their property aligns with their business objectives

by • Facilities management, News, Property

Only around 14 percent of office occupiers believe their existing workspace portfolios align completely with their business objectives,Only around 14 percent of office occupiers believe their existing workspace portfolios align completely with their business objectives, according to a new report on the future of the office by the Urban Land Institute and The Instant Group. The ‘state of flux’ identified in the report suggests that while the office is ‘here to stay’, the sector is bracing itself for a profound shift.  Two thirds (62 percent) of office landlords expect a decrease in capital values with the current valuation model and less than 2 percent of asset owners feel they have the required capex to respond to occupier and ESG legislation-related requirements. More →

Office market continues to fail on environmental standards …. say landlords

Office market continues to fail on environmental standards …. say landlords

by • Environment, News, Property

A new survey that explores the state of sustainability within the UK office market, jointly commissioned by infinitSpace and The Instant Group, claims that the office market is falling behind on environmental policiesA new survey that explores the state of sustainability within the UK office market, jointly commissioned by infinitSpace and The Instant Group, claims that the office market is falling behind on environmental policies. The poll of 250 landlords suggests that almost half (47 percent) of landlords believe the office market is lagging behind other areas of the property sector in implementing/adopting environmental policies.  The same number say they can’t ‘go it alone’ with 47 percent of landlords agreeing they need help in shaping environmental policies. At the same time, 84 percent of landlords report a vacancy rate of 30 percent and above as average among their office building portfolio. More →

Two thirds of US landlords don’t really understand how their buildings are used

Two thirds of US landlords don’t really understand how their buildings are used

by • Facilities management, News, Property

62 percent of US landlords don’t have the tools they need to understand how their properties are used, in spite of the ongoing pressure on them to understand the experience of occupiersA new report from VTS claims that 62 percent of US landlords don’t have the tools they need to know how their properties are used, in spite of the ongoing pressure on them to understand the experience of occupiers and retain their business. More →

BCO specification guide updated to reflect demand for flexible, green, healthier offices

BCO specification guide updated to reflect demand for flexible, green, healthier offices

by • News, Property, Workplace design

he BCO has released an update to its specification guide, to offer advice on how to create healthier, greener offices that support changing working patternsResponding to what it claims are challenges emerging from the pandemic and the accelerating need for the built environment to respond to climate change, the British Council for Offices (BCO) has released an early update to its Guide to Specification, which provides expert advice on how designers can create healthier offices that support changing working patterns, while reducing carbon emissions.

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