December 2, 2019

Knight Frank and Work.Life launch flexible office platform

by Freddie Steele • Company news, Property

Knight Frank is the latest established property business to launch a flexible office offering. In partnership with flexible office provider Work.Life announce the launch of new flexible managed workspace solution, Yours. A joint venture between Knight Frank and Work.Life, Yours claims to “partner with landlords to provide a comprehensive offer, incorporating a sales strategy that addresses both flexible and traditional market demand. The platform streamlines the design and delivery of resalable workspaces, and offers a suite of ongoing services and extras to businesses, including access to Work.Life’s network of coworking spaces and amenities.” More →

December 2, 2019

Planning permission granted for new 13 storey London offices

by Neil Franklin • News, Property

Planning permission has been granted for a new 13-storey riverside office building at the Embassy Gardens development on London’s South Bank. Named EG:HQ, the development will provide 217,000 sq. ft. of flexible space in zone 1 Nine Elms, in addition to 18,000 sq. ft. of outdoor amenity space which will include a 9,000 sq. ft. communal terrace and several private open-air terraces. More →

November 19, 2019

New London office building hits five year low

by Neil Franklin • News, Property

Although occupier demand remains high, the construction of new offices breaking ground in London over the last six months is down by nearly a half (49 percent) – the lowest level of new starts for five years, according to the London Office Crane Survey by Deloitte Real Estate. In the last six months, only 24 new schemes (1.8 million sq ft) commenced construction compared to 37 schemes (3.5 million sq ft) in the previous survey of London office building. More →

November 15, 2019

Migration of flexible offices to contribute £12 billion to local economies

by Neil Franklin • News, Property

The increasing migration of flexible offices to the outskirts of major UK cities is creating a ‘flex economy’ that could contribute more than £12 billion to local economies in the next decade. That’s according to the first comprehensive socio-economic study of second-city and suburban workspaces. The analysis, conducted by economists on behalf of Regus, claims that as Brexit uncertainty continues to impact the economic landscape, individual flexible workspaces in suburban areas could be a welcome lifeline for local economies.

November 14, 2019

Next generation of property talent celebrated at BCO NextGen Awards

by Freddie Steele • Company news, Property

The UK’s rising stars in the commercial property sector have been recognised at the British Council for Offices’ (BCO) fourth annual NextGen Awards ceremony. The Awards are part of the BCO’s NextGen programme, which sets out to mentor and encourage the next generation of professionals to become future leaders in the industry, whilst providing a platform for new talent to share ideas. The ceremony, which took place at The Porter Tun, London, was attended by the country’s top designers, developers, architects and occupiers under the age of 35. It celebrated the achievements and successes of young professionals in the commercial property sector across the UK, and the leaders who have inspired them. More →

November 11, 2019

Largest commercial property firm in UK to be carbon neutral by 2030

by Neil Franklin • Environment, Facilities management, News, Property

The UK’s largest commercial property company, Landsec, has announced that it plans for its 24 million square feet portfolio to achieve net zero emissions by 2030 in line with the Paris Agreement on climate change. Landsec, which has a £13.8 billion portfolio of office, retail and leisure property in the UK, including its flexible office arm Myo (pictured), has had its updated greenhouse gas reduction target approved by the Science-Based Target Initiative (SBTI). More →

November 7, 2019

BCO issues final call for 2020 Awards

by Freddie Steele • Architecture, Company news, Facilities management, Property, Workplace design

Some things in life come around quickly, the changing of the clocks, birthdays, Christmas music in supermarkets – and the British Council for Offices (BCO) Awards deadline. Just four weeks remain for wannabe winners to submit their applications, with the call for entry closing at 5pm on Friday 29th November 2019. The BCO claims that its National Awards sets the standard for excellence across the office sector in the UK, attracting over 1,300 property professionals on the evening, as they hope to take home the National Award for their category. Entrants will be judged by a regional panel of judges in the Spring, with each local winner going on to compete for the National title in October. More →

November 7, 2019

Real estate set to remain an attractive investment despite challenging environment

by Neil Franklin • Cities, News, Property

Europe’s property leaders continue to have faith in real estate as an attractive option for investments, despite a number of significant political and economic challenges, according to the latest Emerging Trends in Real Estate Europe 2020 report. With interest rates set to stay lower for longer and bond yields in many European countries in negative territory, real estate income retains its broad appeal to investors, especially in comparison to other asset classes. Equity and debt are expected to remain plentiful for most real estate sectors. The report, published annually by the Urban Land Institute (ULI) and PwC, is based on the opinions of over 900 real estate professionals across Europe, including investors, developers, lenders, and advisers. More →

November 4, 2019

Brexit continues to dampen UK commercial property market

by Neil Franklin • News, Property

The Brexit impasse is contributing to perceptions that the UK Commercial Property Market is in the downturn phase of the property cycle, according to the Q3 2019 RICS UK Commercial Property Market Survey. The latest results suggest that the highest proportion of respondents sensing the overall market is in the downturn phase of the property cycle since the series began in 2015 (+62 percent up from +53 percent in Q2), with anecdotal evidence suggesting that Brexit is having an increasingly detrimental impact on market activity. More →

November 4, 2019

Green office building continues to increase in US cities

by Neil Franklin • Cities, Environment, Property

Chicago’s office market was named the greenest in the U.S. for the third year in a row as the level of green office building trend continues to increase in the nation’s largest cities, according to the sixth annual Green Building Adoption Index by CBRE, Maastricht University and the University of Guelph. The researchers claim that green-certified office space across America’s 30 largest office markets has reached 42.2 percent up from 41.9 percent the year before, marking a new high. More →

October 30, 2019

Real estate leaders continue to see the value of coworking

by Neil Franklin • Coworking, News, Property

Cushman & Wakefield has published a new report that looks at the perceptions held by corporate real estate executives about flexible workspaces and coworking. Cushman & Wakefield partnered with CoreNet Global to survey more than 550 key CRE executives at organisations around the world. More →

October 22, 2019

Many flexible office users would prefer to work in conventional space

by Mark Eltringham • Coworking, News, Property

Joint-research from Gensler and the British Council of Offices (BCO) on the rise of flexible workspace in the UK corporate sector claims that 40 percent of flexible office users would rather work from a conventional office. According to the report, while the future of coworking is increasingly being explored as part of academic and industry research, there has been limited focus on what it means for large corporate occupiers. The 2019 Rise of Flexible Workspace in the Corporate Sector Report (choir members only) aims to identify the drivers of and the barriers to – the use of flexible space and coworking by large corporate occupiers. More →