Bold Founder Caleb Parker to launch space-as-a-service Brave Corporation

Bold Founder Caleb Parker to launch space-as-a-service Brave Corporation

The company says it will target and reposition assets in high demand markets with space-as-a-service led asset management strategiesCaleb Parker, the high profile Founder of Bold has announced the launch of Brave Corporation, a “next generation” real estate company that aims to “bridge the gap between office supply and demand to mitigate the rise of stranded assets amongst the world’s largest asset class”. Brave Corporation will work with investors to “reposition buildings to meet ESG standards and dynamic customer demand” before they risk becoming “stranded”. The company says it will target and reposition assets in high demand markets with space-as-a-service led asset management strategies. More →

London Real Estate Forum makes the right noises, but will be judged on action

London Real Estate Forum makes the right noises, but will be judged on action

This year’s London Real Estate Forum (LREF), held from 27-28 September at the Barbican, had a general air of optimism but tempered with the uncertainty of a general election in the next twelve months and elements of political and economic uncertainty globally.  The day began with a state of the market discussion chaired by dRMM’s Sadie Morgan, with challenges facing the industry identified as the current valuation of the office market, the rate of housebuilding and the government’s lack of investment in infrastructure – the event coinciding with the furore over the cancelling of the northern part of HS2. More →

The office needs to take on the characteristics of the city. Despina Katsikakis IN conversation

The office needs to take on the characteristics of the city. Despina Katsikakis IN conversation

Despina Katsikakis, the new President of the BCO has been shaping the way we think about offices for four decades

One of the unintended consequences of the era of online meetings is a chance to gain an insight into people’s actual lives. So it is that as Despina Katsikakis and I are talking, she spots my whippet Luna wandering into shot in the background and lets out an exclamation. She too has a whippet by her feet. And as a result, this abnormal, formal situation becomes a lot more normal and relaxed.   More →

Canary in the coal mine: other business districts are watching what happens next for Canary Wharf

Canary in the coal mine: other business districts are watching what happens next for Canary Wharf

Already the symbol of a bygone era, Canary Wharf runs the risk of becoming a relic unless it reinvents itself. And others are watching The first casualties of the already cliched injunction to make offices worth the commute were always going to be the world’s most inaccessible business districts. In the UK the most high profile of these is Canary Wharf, 52 hectares of former wasteland in East London that became a financial powerhouse. Part of the regeneration of the area that began in the 1980s, it became synonymous with the era and with Margaret Thatcher and her reform of the financial services sector. This came to pass even though its most iconic structure One Canada Square was only completed in 1990, shortly after she had left office and shortly before its developer filed for bankruptcy. More →

BCO Awards dominated by South East offices yet again but Glasgow office takes top spot

BCO Awards dominated by South East offices yet again but Glasgow office takes top spot

Barclays’ Glasgow campus was celebrated as the Best of the Best at the British Council for Offices BCO AwardsBarclays’ Glasgow campus (pictured) was celebrated as the Best of the Best at the British Council for Offices (BCO) National Awards last night, also taking home the prize for Corporate Workplace. Seven further winners of BCO Awards were recognised as leading examples of excellence in workplace design in the UK. There were no winners in any category in the Midlands or North of England, Northern Ireland or Wales, although two offices in Manchester and Widnes were commended and the President’s Award went to HMRC for its ongoing national estate management programme. More →

Act now on retrofitting if you want to boost commercial property values, new report argues

Act now on retrofitting if you want to boost commercial property values, new report argues

For European real estate owners and investors already on a journey to net-zero-carbon through retrofitting, upfront spending has the potential for long-term rent and capital-value accumulation, according to a new report from Colliers. Europe’s Renovation Wave [registration] explores the regulatory and societal pressures the authors claim is now driving an era of accelerated asset renovation, and the proactive actions investors, owners and occupiers can take to make sure their assets are not ‘left behind and stranded’ in the race to decarbonise the built environment by 2050. Retrofitting is also the subject of a special supplement published in the new issue of IN Magazine. More →

Half of landlords now planning a flexible working offer

Half of landlords now planning a flexible working offer

Over half of UK landlords are planning to independently develop an offering for the growing flexible working market across their portfoliosOver half of UK landlords are planning to independently develop an offering for the growing flexible working market across their portfolios, according to the annual report on the flexible workspace sector by The Instant Group. The 2023 UK State of the Flex Market report [registration] polled more than 200 flex operators and landlords for insights into the sector. Findings also suggest that two-thirds (61 percent) of flex operators intend to increase their footprint in the next two years, while market imbalances in regional hubs, enduring occupancy rates, and surging demand for sustainable buildings all featured prominently in the report. More →

‘Levelling up’ development is new home for 1,400 civil servants

‘Levelling up’ development is new home for 1,400 civil servants

The UK government has purchased land for the permanent site of the new Darlington Economic Campus as a key part of its so-called levelling up programmeThe UK government has purchased land for the permanent site of the new Darlington Economic Campus as a key part of its so-called levelling up programme. The Darlington Economic Campus (DEC) was established in August 2021 and currently houses 674 government staff. McLaren Property has now sold its option on a 7,926 square metres site on Brunswick Street in Darlington to the Government Property Agency for a permanent base for the Treasury’s second headquarters and Department for Business and Trade. More →

Half of firms won’t meet 2030 decarbonisation target, report claims

Half of firms won’t meet 2030 decarbonisation target, report claims

Fewer than 50% of organizations expect to meet decarbonisation targets by 2030, study reveals A new report from Siemens Infrastructure claims that there is limited agreement amongst businesses on how best to progress towards a decarbonised and resource-efficient world and under half expect to meet their net zero targets based on current thinking. According to the Transition Monitor 2023: The Great Divide on The Path to Net Zero report, whilst more than half of those surveyed believe the infrastructure transition is accelerating in their region, a quarter of senior executives said that progress on decarbonisation is “too slow”, while 29 percent believe progress is “coordinated”, and 31 percent describe it as “on target”. More →

Firms look to consolidate office space in response to persistence of hybrid working

Firms look to consolidate office space in response to persistence of hybrid working

Many firms are taking the opportunity to consolidate office space presented to them by the persistence of hybrid workingWorkers able to work remotely are still only coming into an office for an average of 1.75 days a week, a study of 119 workplaces in 22 countries by workplace consultancy AWA claims. The responses, collated in April-May 2023 and representing organisations employing close to 155,000 people, saw a slight increase on AWA’s study a year ago, indicating that office attendance has reached a more or less steady state and that hybrid working is still a favoured solution. More →

Government scales back plans for regional office hubs as more people work from home

Government scales back plans for regional office hubs as more people work from home

work from home settingThe UK government has announced it will be scaling back plans for thirty office ‘hubs’ outside of London by 25 percent and letting out surplus floor space to other departments as more civil service workers are choosing to work from home. In 2022 the government’s property strategy highlighted plans to relocate 22,000 posts out of London by 2030, creating 30 new regional ‘government hubs’ as it closes its older offices across the UK. However, currently just over half of that figure have been relocated. More →

Rummaging through the workplace memory hole

Rummaging through the workplace memory hole

I recently whiled away an idle hour checking which of the more deranged pronouncements from the period of peak workplace hysteria in late 2020 have been memory holedtalking of Orwell, I recently whiled away an idle hour checking which of the more deranged pronouncements from the period of peak workplace hysteria in late 2020 have been memory holed. There was some weird, wild stuff, often coupled with a feverish response to anybody urging caution. At one point somebody (I know who but won’t say) suggested I should be banned from LinkedIn for pushing back on the idea that any firm that didn’t go fully remote would be out of business within five years. More →