March 10, 2022

NewFlex appointed to run incubator and innovation space at 22 Bishopsgate

by Freddie Steele • Company news, Property

NewFlex, an operator of flexible offices and “space-as-a-service” solutions with fifty sites across the UK, has been appointed to curate and manage the incubator and innovation workspace community at the landmark London office 22 Bishopsgate. To be known as The Exchange (branded as XCHG) and specifically targeting start-ups, scale-ups and SMEs, the c.14,000 sq ft flexible office and co-working space on level seven will be NewFlex’s most significant space as-a-service project to date, aiming to create a bespoke environment that fosters innovation. More →

March 8, 2022

Active commuting should be part of ESG strategy, says BCO

by Neil Franklin • News, Property, Wellbeing

Putting active commuting at the heart of ESG policies can shift commuters towards more sustainable forms of travel, improve individual health and wellbeing and help companies cut carbon emissions, new research from the British Council for Offices (BCO) has found. A new BCO research report, The Market Cycles II examines the rise of cycling in the UK over the past five years and its impact on office specifications. The report highlights that this period has seen an increase in cycling activity in the UK, with a particularly sharp rise in the past two years as the COVID-19 pandemic has caused a shift in travel habits, and a rise in active commuting. More →

March 3, 2022

What really happens when we start using offices again?

by Henry Stainton • Comment, Flexible working, Property

Should I stay or should I go? – we have all faced that dilemma in recent weeks with our offices opened by hopeful employers versus the enticement of a warm kitchen, fresh coffee and swerving a long commute also on offer. It is a decision we are all having to make and, which seems loaded with potential, previously unimagined outcomes. More →

March 3, 2022

British Land secures 250,000 sq ft of new office deals across London campuses

by Neil Franklin • News, Property

British Land has signed 34 new deals totalling 238,000 sq ft across its central London campuses. Since the half year results, nine businesses have signed 125,000 sq ft at newly refurbished buildings at Broadgate. New occupiers include customer engagement platform, Braze (49,000 sq ft, Exchange House); proprietary trading firm, Maven Securities (38,000 sq ft, 155 Bishopsgate); US-based law firm, Jenner & Block LLP (13,000 sq ft, 10 Exchange Square) and markets’ infrastructure and technology platform, Symphony (7,000 sq ft, 135 Bishopsgate). More →

March 1, 2022

Mindspace signs up for two new locations in Berlin

by Freddie Steele • Company news, Property

Flexible office provider Mindspace has announced it will occupy 7,000 square meters of office space, a lobby and several roof terraces in Berlin’s FÜRST. The landlord for the project is the FÜRST Projektgesellschaft. The premises are part of the first construction phase of the district development, which was already completed in October 2020 on Berlin’s well-known Kurfürstendammwith a total of 19,000 square meters of commercial space and an additional parking garage with more than 500 parking spaces. In addition, Mindspace has also announced the appointment of its new global VP of Real Estate and Projects, Ana Nekhamkin.

The FÜRST Projektgesellschaft is developing a site of 20,000 square meters in the prime Kurfürstendamm location in an area that extends over 97,000 square meters of commercial rental space for retail, office, lifestyle and art. Based on the design of the architectural firm Kleihues + Kleihues, in addition to the revitalisation of an entire block, a new public square will be created for Berlin’s City West.

With Ku’damm being one of the most important shopping streets in Germany, Mindspace secures yet another flex office of over 7,000 square meters in a AAA Berlin location.

Besides FÜRST, Mindspace is opening a second new location in Berlin on Zimmerstraße, which marks the 10th German location for the company. The two new locations in Kurfürstendamm and Zimmerstraße are scheduled to open in July 2022 and both will be close in proximity to the three existing Mindspace offices on Berlin’s Friedrichstraße, Skalitzer Straße and Krausenstraße (pictured).

The new Mindspace Zimmerstraße can be found at the historic border of the Berlin Wall and covers 4,500 square meters on eight floors.

“Germany is a key market for Mindspace and our expansion in Berlin is one of the many to come. Currently our occupancy rate in Germany is over 95 percent and in some cities, even more. Mindspace is on a path of growth and we’re excited to have such great partners by our side for the journey,” says Oliver Lehmann, General Manager Mindspace Germany.

Mindspace currently operates 32 locations in 17 cities, and following their recent funding of $72 million of equity capital, the company is following through on its promise to continue expanding its proven offerings to meet the high demand. A significant part of the expansion is planned for Germany, and specifically Berlin as it’s a hub for startups, tech companies and creatives.

February 23, 2022

We need a growth mindset for buildings to make them adaptable

by Matthias Rebellius • Comment, Environment, Property, Technology

The world is in a race. And it’s a race against time – against rising sea levels, overcrowded cities, and a virus that has shown us a thing or two about being adaptable. Although the current developments around infection rates and the omicron variant are cause for hope that the virus will soon become endemic, the experience of the last two years have emphasized something important: There is an urgent need to transform infrastructure across different dimensions – one of which is the physical space: the changing needs and expectations of people in their buildings, factories, facilities, offices and homes call for adaptability. More →

February 14, 2022

New RICS framework aims to “put people at heart of commercial property”

by Neil Franklin • Flexible working, News, Property

A new framework from the Royal Institution of Chartered Surveyors has been designed to improve building use, support flexible working and put people at the heart of decision making about commercial property. RICS says the International Building Operation Standard will provide organisations an interactive easy-to-use framework, supported by an assessment tool, to measure and benchmark building performance, by collecting consistent data to satisfy the latest needs of occupiers, investors, advisors and end users. More →

February 8, 2022

The office sector needs to develop better arguments for its products

by Mark Eltringham • Comment, Flexible working, Property, Workplace design

The distillation of every received and laundered idea of the past two years leads us here. A claim from Gallup that in future just over a third of the desks in offices will be empty. Whatever Gallup thinks, this is great news for the office sector. One of the truths the office sector hasn’t always liked to talk about too much over the last few decades is that in a typical office over that period, around half of the desks have already been empty. More →

February 7, 2022

Net zero climate pledges of major companies hide their true intentions

by Neil Franklin • Environment, News, Property

The headline climate pledges of 25 of the world’s largest companies in reality only commit to reduce their emissions by 40 percent on average, not 100 percent as suggested by their “net zero” and “carbon neutral” claims, according to a new analysis. These are the findings of the Corporate Climate Responsibility Monitor released today, conducted by NewClimate Institute in collaboration with Carbon Market Watch. It evaluates 25 major companies – operating across different sectors and geographies – to determine the transparency and integrity of their headline climate pledges. More →

January 31, 2022

London office market ‘returns to normality’ in latter half of 2021

by Neil Franklin • News, Property

Avison Young’s latest research claims that occupier activity in the London office market last quarter increased to 3.1 million sq ft, 27 percent above the previous quarter, to reach levels last seen in 2019 in what the report claims is ‘a strong sign that London’s occupiers are approaching their workplace strategies and office use with increased confidence’. The firm claims that nine deals above 100,000 sq ft were completed during the last six months, more than in the preceding eighteen months combined. More →

January 27, 2022

Urban and real estate recovery driven by talent and innovation focused firms

by Neil Franklin • Cities, News, Property, Technology

Innovation-oriented industries and talent concentration are driving urban and real estate recovery, with notable hot spots in parts of the US, Europe and Asia, according to JLL’s new report, Innovation Geographies (registration). The authors claim that cities that perform best on these measures will be best positioned for economic growth post-pandemic, demonstrating a strong link between innovation, talent ecosystems and real estate performance. More →

January 25, 2022

Third of people crave a return to the office for their mental health

by Neil Franklin • Facilities management, Flexible working, News, Property, Wellbeing

A new study from smart building platform Infogrid claims that nearly a third of working Brits (32 percent) want to return to their offices in January because they feel it would improve their mental health, which has been impacted due to the COVID-19 pandemic. The top reasons UK employees cite for wanting to return to the office include working in a positive social environment (35 percent), having a reason to leave the house (26 percent), not having to worry about being cold at home (25 percent), and the daily commute providing time to transition between home and work life (23 percent). More →