March 8, 2021
The latest London Office Market 2021 report by property consultants Bidwells, claims that investor interest in London based offices are starting to peak, with the market having a strong rebound from 2020. More →
February 23, 2021
CBRE Group has announced the acquisition of a 35 percent interest in Industrious, a provider of flexible office space, which will also see CBRE’s existing flexible workplace firm Hana absorbed into Industrious. CBRE is now Industrious’ largest shareholder. In addition, CBRE is expected to acquire an additional 5 percent of Industrious in the coming weeks, which would result in a 40 percent total stake. The investment significantly increases CBRE’s participation in the flexible workplace sector and positions the company to meet rising demand from occupiers for agile space solutions — a trend that is being accelerated by the Covid-19 pandemic. More →
February 8, 2021
Generating £27.8 billion gross value added annually, and employing more than 360,000 people, the West Midlands is the UK’s largest centre for business, professional and financial services (BPFS) outside London. Now, business leaders from Shoosmiths, Wesleyan, Bruntwood CBRE amongst others, are working with the region’s just under 12,500 leading tech and digital companies to see how they can integrate AI and advanced technology into their everyday activities. More →
February 8, 2021
Take-up of office space in the cities outside of Central London during Q4 2020 totalled 1.1m sq ft, an increase of 138 percent compared to Q3 2020. However, the overall take-up for 2020 reached 3.9m sq ft, a decline of 40 percent on the five-year average, according to research from real estate advisor CBRE. More →
December 17, 2020
Avison Young, realestateworks and HLM Architects have launched a new report that assesses the impact of this year’s pandemic on workplace and corporate real estate strategies in the longer-term. Over 100 private and public sector companies were asked about their evolving approach to working culture, office design and portfolio strategies in the context of multiple forces of change, including greater resilience, the decarbonisation agenda, personalisation, remote working and the integration of the physical and virtual workspaces. More →
December 8, 2020
The Commercial Park Group, a partnership between Sir Robert McAlpine and the John Baker Group, has announced it will invest £200 million to kick-start developments of two million sq ft of new offices across locations in the south east of England. More →
November 27, 2020
The UK Green Building Council (UKGBC) has published new guidance, Unlocking the Delivery of Net Zero Carbon Buildings, which examines how current barriers to the delivery of net zero carbon buildings can be overcome. More →
November 27, 2020
New analysis by McBains, of commercial property transactions worth £100m-plus completed in London over a 12-month period suggest a fall in the total value and volume of deals, but the market holding relatively strong in the face of COVID-19 and uncertainty over the UKs impending EU exit agreement. More →
November 23, 2020
The construction of new offices in central London has declined by half (50 percent) in six months as developers and occupiers shift their focus to refurbishment, according to Deloitte Real Estate’s latest London Office Crane Survey. The crane survey analysed office building data over the six months to 30 September, and included a poll of London’s biggest developers conducted at the end of September. The total office space under construction in central London is now 15.1 million sq ft. This is similar to the level recorded in the previous survey (15.3 million sq ft, the highest since 2002) as developments are now taking longer to complete. More →
November 20, 2020
Climate change has accelerated the urgency to address the way people live and work. With the UK’s aim to become carbon neutral by 2050, CIT and Foster + Partners want to help realise this ambition sooner, submitting a planning application for London’s first ever net-zero carbon workplace and commercial hub at Colechurch House, on the banks of the Thames. More →
November 17, 2020
The physician can bury his mistakes,—but the architect can only advise his client to plant vines. Frank Lloyd Wright’s eternal epigram is not just true for buildings. It also applies to the authors of books, especially those on the subjects most affected by this year’s pandemic. Speakers and blog writers can quietly inter the things they get wrong, while the book sits unchangeable on a shelf. Maybe behind a houseplant.
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November 17, 2020
Unused office space after coronavirus could cost London-based businesses almost £13 billion according to a new report by Space Three Two, a new office timeshare marketplace born out of lockdown. According to a survey of London office workers, employees want to spend an average of 2.7 days back in the office once all Covid-19 restrictions have been lifted. 1 in 10 workers said didn’t want to go back to the office at all. More →
