May 3, 2019

Take up of office space in central London strongest for six years

by Marie Hillen • Cities, Facilities management, News, Property

The first quarter of 2019 saw take-up of office space in central London at its strongest for six years, as it continues to outperform expectations. This is according to Savills, which also reports 1.16 million sq ft of new lettings being agreed in the City of London. In the West End, 42 transactions completed in March alone took total activity for Q1 2019 to 98 office lettings. In the City, there were 100 occupational deals for the year to date, of which 33 completed in March. The tech & media sector accounted for the largest share of take-up in the West End, at 25 percent, while the City benefited from a surge of serviced offices.

May 1, 2019

The impact of technology, cyber-risk and the future of corporate real estate ⁰

by Kate Langan • Features, Property, Technology, Work&Place, Workplace design

It’s no surprise to say that technology is having a significant impact on the workplace and the use of corporate real estate. The fast pace of change has seen technology impact all aspects of business, government and culture, as well as personal life, with a constant flow of new innovations and solutions helping us to do things more quickly and efficiently. Equally, technology also provides a challenge to business and, more specifically, corporate operations, with a whole array of disruptive technologies.

May 1, 2019

“First ever” dedicated UK India tech hub opens at Royal Albert Dock London

by Neil Franklin • News, Property, Technology

A newly delivered building at Royal Albert Dock (RAD) in London has been launched as the UK India Tech Hub to provide a designated space for technology firms from India and the UK. It is claimed to be the first venture capital fund that has partnered with a business district to create a tech hub anywhere the world. Under the partnership agreement, developer ABP London and investors Pontaq will provide technology firms with work space while Pontaq’s tech fund will be invested in tech start-ups to assist them to develop and expand. India High Commissioner, Ruchi Ghanashyam, and Under Secretary of State at the Department for International Trade, Graham Stuart MP, along with Mayor of Newham Rokhsana Fiaz, witnessed the signing of an agreement between Royal Albert Dock developer ABP London and the venture capital firm Pontaq. More →

April 30, 2019

Best workplaces in London honoured at BCO annual Regional Awards

by Mark Eltringham • News, Property, Workplace design

Six London businesses celebrated success at the BCO Annual Regional Awards earlier today, with Facebook, 2TVC, Deloitte, Boden, Project North and Fora Borough all recognised as the capital’s best workplaces. The prestigious BCO Awards programme recognises the highest quality developments in the UK and sets the standard for excellence in the regional and national office sector. Today’s ceremony marked the third of the BCO Regional Property Awards dedicated to London, celebrating the best office space in the country. London winners will compete with those from other regions at the BCO National Awards in October this year.

April 25, 2019

MPs to investigate impact of placemaking and built environment on productivity

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

The All Party Parliamentary Group on Building Communities is calling for evidence and contributions from all organisations with an interest in the built and natural environment to contribute to its new consultation, which aims to explore how placemaking can lead to greater productivity in the UK. As part of its remit, the APPG seeks to conduct research on the concept of ‘placemaking’ and investigate design practices that maximise the social value of infrastructure. In this way the APPG hopes to build an evidence base that can be used by policy makers when engaging with the build and natural environment.

April 24, 2019

The meteor strike of coworking and the beasts that will remain

by Mark Eltringham • Comment, Flexible working, Property, Workplace design

The concept of coworking has only been with us for a short time, but there are already signs that it is evolving into something rather different. The most common misperception about the way evolution works is that it is based on some steady progression, driven by the merciless principle of survival of the fittest, with the best adapted climbing towards the top of an evolutionary tree. This gives rise to one of the most common questions posed by sceptics: if we evolved from apes, why are there still apes?

April 23, 2019

Plans approved for “the biggest regeneration scheme in the UK”

by Neil Franklin • News, Property

Outline plans to regenerate the 40-acre former Boots Island site in Nottingham have been approved by Nottingham City Council planning committee. Conygar Investment Company PLC intends to transform the site, which has lain derelict for many years, into grade A office space, “creative market space”, homes a five-star hotel, retail units, a “linear’ park” and community space and student accommodation. More →

April 17, 2019

Bristol has lowest Grade A office vacancy rate among UK largest cities

by Mark Eltringham • News, Property

Bristol has the lowest vacancy rate for Grade A offices amongst the UK’s leading Big 6 cities, reflecting strong demand combined with a shortage of high quality commercial space, according to new figures published by property consultants JLL. Although the city and region’s reputation for talent and innovation has so far countered the shortage of space, with inward investors citing access to a highly skilled, graduate workforce as one of the main reasons for relocation, JLL is warning that more needs to be done to ensure Bristol continues to attract investment. More →

April 15, 2019

Central London commercial property market investment up over a quarter

by Neil Franklin • News, Property

Commercial property investment in Central London (the City and West End) rose to £3.2 billion in the first quarter of 2019, a 28 percent increase on the £2.5 billion invested in Q1 2018, according to new data from Savills. The firm also claims that investment volumes in Central London in Q1 2019 were also higher than those in Q1 2015 before the UK’s referendum to leave the EU, when they reached £3.14 billion.

April 12, 2019

Manchester is the number one tech location outside of London

by Marie Hillen • AI, Cities, Facilities management, News, Property, Technology

The UK’s regional cities are competing harder than ever with London to become the location of choice for the tech sector. According to CBRE’s report ‘Tech Cities: Exploring tech hotspots in the UK regions’ Manchester ranks number one amongst the top 10 UK tech location outside of London, but Scotland features highly with Glasgow and Edinburgh in second and third position respectively. Birmingham has risen three places, from seventh to fourth position but smaller conurbations such as such as Reading, Oxford, Cambridge, Southampton, Brighton and Bracknell also feature, based on their concentrations of tech employment, tech businesses and high education levels. More cities are competing for the very top spots in the ranking

April 11, 2019

The best tall buildings in the world are announced

by Neil Franklin • News, Property, Workplace design

The Council on Tall Buildings and Urban Habitat (CTBUH) has announced the winners of the 17th Annual CTBUH Awards Program. These winning projects – comprising tall buildings, urban developments, and technical innovations – competed for winning distinctions at the 2019 Tall + Urban Innovation Conference from April 8–10 in Shenzhen. The CTBUH Awards Jury has named Salesforce Tower in San Francisco designed by Pelli Clarke Pelli as the “Best Tall Building Worldwide”, in addition to naming Category Winners across 20 award categories. More →

April 9, 2019

UKGBC issues circular economy guidance for construction clients

by Marie Hillen • Architecture, Environment, Facilities management, News, Property

New guidance has been launched by the UK Green Building Council (UKGBC) to assist client organisations to include more ambitious circular design and construction best practices in project briefs for non-domestic projects. It addresses the commercial realities associated with making this practically happen and provides support and evidence to assist clients in setting clear strategies that ensure budget, project timescales and risks are all minimised and mitigated. The guidance may also be helpful for those in the supply chain looking to support construction clients on their journey towards specifying and practically applying circular economy principles.