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…)

October 21, 2019

Business rates and employment costs for small firms need overhaul

by Neil Franklin • Business, News, Property

The Federation of Small Businesses (FSB) is calling on the Chancellor Sajid Javid to bring forward radical interventions to address an unprecedented long-term slump in small business confidence, slowing economic growth and a widening trade deficit when he publishes the 2019 Autumn Budget on 6 November. In a letter to the Chancellor, the group calls for a major reduction in business rates bills for small firms, as thousands struggle to stay afloat amid spiralling operating costs. (more…)

October 21, 2019

RICS launched new Social Impact Awards

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

The Royal Institution of Chartered Surveyors (RICS) has today launched a new awards programme. Entries are being sought for the RICS Social Impact Awards, which set out to ‘recognise the positive and transformational contribution that the built environment has on people’s lives across the UK’. According to RICS, the awards will ‘assess the human, social and environmental impact, and the innovation and collaboration, that has gone into development and infrastructure projects in the Commercial, Education, Healthcare, Heritage, Infrastructure, Land & Rural, Leisure, Residential and Student Accommodation sectors’. (more…)

October 15, 2019

RICS initiative urges built environment sector to be more aware of global impact

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

The Royal Institution of Chartered Surveyors (RICS) has today launched the ‘Value the Planet’ campaign, promoting the preservation of the planet through the adoption of the UN’s sustainable development goals (SDGs). The campaign pushes for increased action within the industry, highlighting the essential need to Value the Planet and will provide support and resources from RICS and the industry to help the profession take both climate action and adopt the UN SDGs. RICS is also today publishing the RICS Responsible Business report which provides recommendations for businesses on ensuring the long-term sustainability of the built environment. (more…)

October 11, 2019

Birmingham and Peterborough latest cities to benefit from government hubs

by Neil Franklin • Cities, News, Property, Public Sector

Sites in Birmingham and Peterborough are to be regenerated as part of a government programme designed to boost regional growth and save taxpayers’ money. The Government Hubs programme has so far seen the development of 14 office hubs around the country, which the government claims provide civil servants with state-of-the-art working environments designed to boost efficiency and drive savings by bringing together different departments under one roof – moving civil servants to inner-city sites located close to public transport connections, local amenities and shops. (more…)

October 2, 2019

Best workplaces in UK honoured at BCO Awards

by Mark Eltringham • Architecture, News, Property, Workplace design

London’s 2 Television Centre was celebrated as ‘Best of the Best’ at the British Council for Offices’ (BCO) National Awards in the capital last night, also taking home the ‘Commercial Workplace’ award. The office was joined by six other award winners recognised as leading examples of excellence in office space. (more…)

September 30, 2019

Flexible workspace makes up a third of London property deals

by Neil Franklin • News, Property

Over the past year, flexible workspace made up over a third of of commercial property transactions in London despite only making up around 6 percent of the total office supply in the UK capital, according to a new report by The Instant Group. (more…)

September 25, 2019

Flexible working in the age of longevity

by Richard Morris • Comment, Property, Wellbeing, Working lives

Global life expectancy is growing at its fastest rate since the 1960s. Today, a 20-year-old has a 50 per cent chance of living to 100. Even if you are 60, you have an evens chance of reaching 90. A long life can be a gift, but of course it also has implications for how we live our lives and in particular how we plan to work and fund those extra years. Clearly there is a role for employers in creating work environments and flexible working cultures that recognise and maximise the potential of the 100-year life. (more…)