CPA: UK construction activity will fall in 2013

by • Knowledge, News, Property, Public Sector

The UK’s Construction Products Association (CPA) has today reported that it expects overall construction activity in the UK to fall by around 2 per cent this year, with most of the decline attributed to a greater than 5 per cent drop in commercial projects. Particularly concerning is the fact that the Government’s austerity measures with regard to public sector investment have not been offset by an increase in private sector activity. However these figures still represent an improvement on the 9 per cent fall of 2011.  More →

Goldman Sachs submits plans for troubled European HQ

by • News, Property

Following recent reports that a growing number of firms were locating in the burgeoning creative centres of East London,investment bank Goldman Sachs has finally submitted plans for the 1.2m sq ft nine storey headquarters building KPF in Farringdon Street. The KPF-designed development will replace two existing buildings – the 13 storey Fleet Building and adjacent Plumtree Court which Goldman Sachs acquired in 2011.

More →

UK construction set for growth, say surveyors

by • News, Property

Following the recent news that the UK’s construction sector had suffered a significant fall in the final quarter of 2012, better news emerges from the Royal Institute of Chartered Surveyors with a report indicating that the UK construction market is expected to turn a corner this year as the government’s focus on infrastructure starts to generate returns. Chartered surveyors are predicting that output is set to increase in 2013 according to the latest RICS construction market survey. More →

All right? Manchester property outperforms other UK regions

by • Knowledge, News, Property

The idea that the UK is essentially a closely bound federation of city states, each with their own culture and economy is given added credence by new research from CBRE into regional variations in the commercial property market. London does things  its own way, of course, but the top regional city is Manchester – the only one of eight centres that showed any evidence of rental growth during 2012, even though it was a modest increase from £29.50 per sq ft to £30 per sq ft. The full report can be viewed here.  More →

Show stomping change as Maze prison site plans approved

by • News, Property, Workplace design

CAM_001_Aerial_South_1211151-565x316

The notorious Maze Long Kesh prison site in Northern Ireland where the ‘H’ block hunger strikes took place is to be redeveloped into an international standard showground designed by London-based firm Studio Egret West.
The Royal Ulster Agricultural Society (RUAS) was granted planning permission to relocate the Balmoral Show, (Ireland’s largest Agricultural and Food Show) to the site of the former Maze prison, after the Balmoral show outgrew the Kings Hall site where it has been held for 100 years. More →

What does 2013 hold for the facilities sector in the UK?

by • Comment, Facilities management, Furniture, Property, Workplace design

FMJ MJE_0000Insight publisher Mark Eltringham offers some thoughts about what the coming year holds in the latest issue of Facilities Management Journal including the ongoing existential crisis of facilities management, why the commercial property sector needs to catch up with occupiers and designers as well as a plea for everybody to set ambitious goals and make realistic claims about their environmental impact.

Appetite for long leases presents challenges

by • Property

The news from the weekend that Axa Real Estate is looking to raise around £1bn  to invest in buildings with very long leases has resparked the debate into what sort of lease represents the best value for investors and tenants in these uncertain times. The new fund will target commercial properties with minimum twenty year leases even though investors have to pay a premium for such properties and the majority of occupiers don’t want them. More →

UK construction hits new low as service sector shrinks

by • Knowledge, News, Property

Graph Down ArrowThe three little words nobody wanted to hear at the start of 2013 are triple dip recession. Yet even as the US managed to avoid its own fiscal cliff at the turn of the year, two reports raised fresh fears that the UK’s recovery would be postponed for a while yet. According to the Markit/CIPS Purchasing Managers’ Index, UK construction hit a six-month low as the sector dropped from an index of 49.3 in November to 48.7 in December. This is well below the index of 50 which indicates a contraction in activity. Meanwhile another report from Markit/CIPS reported an unexpected fall in the UK’s service sector. More →

London companies heading off to the East

by • News, Property

Hello to all this

Hello to all this

…East London that is. According to property consultants Cushman & Wakefield we are seeing a net migration of companies away from their West End heartland towards the supposedly more creative and tech-focussed districts of Clerkenwell, Shoreditch and King’s Cross.  The firm reports that the take-up of West End office space fell by around a quarter to 2.5m sq ft in 2012.

More →

Regional slump responsible for overall UK property fall

by • News, Property

Canary-Wharf_1

The New Year starts with news from Chicago based property broker Jones Lang LaSalle that investors spent some £ 30 billion on  income generating property in the U.K. during 2012, about 9 percent less than in 2011. However there was a marked disparity between the London market and the rest of the UK. London deals totaled £18 billion in 2012, the highest figure for four years, while purchases outside the capital reached 12 billion pounds, the lowest amount over the same period. More →

Global office market to stabilise during 2013

by • Knowledge, News, Property

JakartaA new report from consultants Cushman and Wakefield has predicted that the global commercial real estate market will stabilise over the next twelve months and, in some areas of the world, may enjoy a degree of growth.  While acknowledging wide regional variations, the report claims that there are some clear global themes that can be identified, not least in the ongoing growth of markets in Asia. Significant growth is not expected in the majority of regions until 2014 and beyond.

Free Unified Comms Briefing available

by • Briefing, Facilities management, Knowledge, Premium Content, Property, Technology, Workplace design

UC Cover_0000

The latest technology that will revolutionise the way we work is now upon us. It is called unified communications and it is a principle that strikes at the very heart of this new world of fragmented yet interconnected work. It is a comparatively straightforward idea intended to solve a complex challenge. As organisations have started to adapt to an economy that is always-on, global and without boundaries of time and space, they have looked for ways to integrate technology to deliver a better working experience for employees, reduce costs both for themselves and their clients and improve their competitiveness. The Briefing can be downloaded here.

«< 114 115 116 117 118 >