April 3, 2024
Sadiq Khan, the Mayor of London, is today launching an ambitious plan aimed at creating 150,000 high-quality, well-paid jobs by 2028. This initiative will be unveiled alongside the shadow chancellor, Rachel Reeves. Reeves will say that a Labour administration intends to reset the relationship between the national government and London, while Khan thinks what is good for London is good for the UK. More →
March 27, 2024
Following last year’s pilot, Urban Land Institute (ULI) Europe has launched a second edition of the PropTech Innovation Challenge (PIC), the Young Leaders-led initiative to foster innovation in the built environment and is calling for game changing solutions that meet the challenge of how to substantially reduce carbon emissions. The challenge, which reflects ULI’s mission priorities, and the urgent decarbonisation focus of ULI C Change, is focused specifically on the reduction of Scope 3 emissions for managers and investors and encompasses the indirect but critical emissions that occur throughout the value chain, and which are often overlooked. Indirect emissions arise from activities such as transportation and procurement. More →
March 26, 2024
The UK’s Government Property Agency has published details of how it intends to protect the natural environment and increase biodiversity across its extensive estate. The Biodiversity and Nature Recovery Annex (BNRA) forms part of the Government Workplace Design Guide. As the largest office property holder in government, the GPA believes it ‘has an opportunity to improve the environment for the benefit of everyone by playing a part in ceasing the extensive loss of biodiversity in the UK’. More →
March 25, 2024
The UK Space Agency is opening new headquarters in Harwell, Oxfordshire and regional offices in Scotland, Wales and the Midlands as it works to support the space sector across the UK. According to the government, the expansion will enable the Agency to collaborate more closely with the UK’s space sector, while promoting regional skills and job opportunities to deliver ‘increasingly ambitious missions and capabilities’. As set out in the Space Industrial Plan, the government says it is committed to continuing its support for space clusters across the UK and ‘providing the tools needed to drive collaboration between them and catalyse further investment’. More →
March 25, 2024
New office footfall data from IWG taken from more than 400 locations across the UK, suggests that over the past two years workers have significantly increased their use of office workspaces in rural, suburban and commuter towns, choosing to forgo lengthy daily commutes and work closer to home. More →
March 14, 2024
Credit ratings agency Moody’s is relocating its London headquarters from offices in Canary Wharf to a new location in the City of London. This move adds to the trend of financial firms opting to leave the Docklands district. The company will shift to offices at 10 Gresham Street in 2026, coinciding with the expiration of its lease at One Canada Square, the iconic pyramid-topped skyscraper in the heart of the east London estate. A spokesperson for Moody’s confirmed the selection of the new location, emphasizing that the move is subject to closing. More →
March 14, 2024
New data from Remit Consulting suggests that UK office occupancy rates have risen to their highest level since the start of the pandemic. Although still below pre-pandemic levels, the data indicates a gradual return to more office-based work patterns. The ReTurn Report is compiled by Remit Consulting each week. It uses data provided by building managers in ten cities based on their property’s access control systems. More →
March 12, 2024
Despite continued economic uncertainty around the world, there is a strong belief that the global real estate industry is at a ‘pivot point’, with improving prospects ahead for renewed investment activity, according to the latest Emerging Trends in Real Estate Global Outlook 2024 from PwC and the Urban Land Institute (ULI). The report amalgamates three regional reports, which canvassed thousands of real estate leaders across Europe, the United States and Asia Pacific, and is a key indicator of sentiment towards the global real estate investment and development outlook across the globe. More →
March 5, 2024
The UK Green Building Council (UKGBC) has launched new guidance on Scope 3 embodied carbon measurement and reporting, for stakeholders across the built environment. Scope 3 represents a proportion of an organisation’s indirect embodied carbon emissions that can constitute up to 80-95 percent of its total value chain footprint. Setting out a way to coherently align embodied carbon assessments, the guidance reframes Scope 3 reporting as a singular methodology rather than siloed efforts. More →
March 1, 2024
The new issue of IN Magazine has been published online today. In this issue: we ask why firms are so reluctant to change what they do; a dream of the past and future of work; Andy Lake talks about his new, visionary book; how AI might make cities worse; what inclusive design means; a panel of experts discuss what changing work practices mean for major business districts; why we must rethink how we light our streets and squares; how to strike the right balance when it comes to creating meetings in offices; and we take a grand tour through the Bucharest HQ of the world’s biggest travel group. More →
February 29, 2024
The University of Warwick has received a £1.25 million donation to launch the FutureFinance.AI Research Group that could transform the way the world purchases, sells, rents and handles real estate over the next five years. Based in the Gillmore Centre for Financial Technology at Warwick Business School, the new Research Group will draw interdisciplinary scholars and thinkers from across the world to redefine and innovate the financial and property technology landscape. More →
March 20, 2024
Reviving flexible workspaces – a guide to saving failing operations
by Calum Russell • Comment, Property