London office demand bolstered by tech media, financial and serviced sectors

London office demand bolstered by tech media, financial and serviced sectors

by • Cities, Coworking, Facilities management, News, Property

One Creechurch Place Serviced offices dominated office take-up in London’s West End in August, mainly due to three big transactions resulting in a 44 percent market share, but the Tech and media sector continues to be the main driver for space. According to figures from Savills just shy of a third (31 percent) of take-up for office space this year has been to Tech and media sector occupiers. Similarly, West End and Central London requirements almost mirror demand from this sector, with the Tech and media sector accounting for 35 percent of the 4.3m sq ft of active requirements.

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It’s better for you to be busy + A new era for commercial property? + Changing behaviour by design

It’s better for you to be busy + A new era for commercial property? + Changing behaviour by design

by • Facilities management, Features, Property, Technology, Workplace design

In this week’s Newsletter; The commercial property sector heads off in a new direction; why busier people tend to look after themselves more; executives love Big Data but have no idea what to do with it; procrastination isn’t all bad – read why right now, don’t put it off; changing benhaviour by design isn’t as easy as some might think; a Shakespearean take on tech addiction; and how local innovation fuels global design trends.  You can also download our most recent briefings on key topics, produced in partnership with Boss Design and BW Workplace Experts; dowlnload the new issue of Work&Place; visit our  events page curated by Herman Miller, follow us on Twitter and join our LinkedIn Group to discuss these and other stories. And don’t forget to subscribe – the form is there on the left.

A changing world with inbuilt human obsolescence defines first day of CoreNet Global

A changing world with inbuilt human obsolescence defines first day of CoreNet Global

by • Facilities management, News, Property, Technology, Workplace design

The  forces that are changing the world, from AI and the current digital and technological transformation, to the short and long-term implications of Brexit, provided many of the key lessons during the first day of the CoreNet Global Summit in Madrid.

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British Property Federation announces plans to modernise commercial property sector

British Property Federation announces plans to modernise commercial property sector

by • News, Property, Technology

The British Property Federation (BPF) has launched a Technology and Innovation programme for the UK commercial property sector – to support the sector in its digital transformation – following the Government’s challenge to all sectors of the economy to improve productivity and deliver growth. The programme is launched with the publication of a new report produced by Future Cities Catapult, commissioned by the BPF, to understand the barriers to and opportunities for improving the productivity of the real estate sector through the application of technology.

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RICS announces standards to tackle unfair commercial property service charges

RICS announces standards to tackle unfair commercial property service charges

by • Facilities management, Legal news, News, Property

RICS standards aim to tackle unfair commercial property service charges

New mandatory requirements that will ensure service charges to commercial tenants are transparent, upfront and fair, and that any costs incurred are in accordance with the terms of the occupational leases, have been announced by RICS. The Institute, which has long called for a fairer and more professional approach to property management to help outlaw “rogue” landlords and managing agents says ‘Service charges in commercial property’ will help regulate the activities of landlords and their agents, whilst protecting tenants from having to pay for unscrupulous repair or maintenance costs. It has worked with major property bodies representing owners, occupiers and managing agents – including BPF, BRC, BCO, PMA, CoreNet, REVO, PMA alongside ICAEW and Law Society, the professional bodies for accountants and lawyers – to produce the recommendations that reflect the needs and opinions of landlords and tenants and the specific considerations of different sectors.

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LinkedIn confirms deal for new London headquarters

LinkedIn confirms deal for new London headquarters

by • News, Property

Tech giantLinkedIn has sealed a deal for its new London headquarters, pre-letting the entirety of a building in North East London that was once home to The Guardian newspaper. LinkedIn has taken 83,000 square feet at The Ray Farringdon, at 119 Farringdon Road, according to a statement from Viridis Real Estate Services, which is redeveloping the property.

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Crown Estate HQ becomes first office in Europe to achieve WELL Platinum Certification

Crown Estate HQ becomes first office in Europe to achieve WELL Platinum Certification

by • Environment, Facilities management, News, Property, Public Sector, Wellbeing

The Crown Estate has announced that it has been awarded WELL Certification at the Platinum Level for its head office at No 1 St James’s Market, London by the International WELL Building Institute. The Crown Estate earned the distinction based on seven categories of building performance—air, water, light, nourishment, fitness, comfort and mind—and achieved a Platinum level rating.

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You should not expect the coworking bubble to burst anytime soon

You should not expect the coworking bubble to burst anytime soon

by • Comment, Coworking, Property, Workplace design

Coworking is not the norm yet, but it is headed that direction. In fact, a sign of its success is the fact that it has moved from being labelled a fad to asking if it is a bubble about to burst. Here’s a short answer: it is not going to go pop, fizzle out or run out of steam anytime soon. Why would it? Coworking is not something driven by real estate and developers. It reflects how our society is changing.

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Work&Place new issue showcases most informed and challenging workplace thinking

Work&Place new issue showcases most informed and challenging workplace thinking

by • Facilities management, Features, Flexible working, News, Premium Content, Property, Technology, Work&Place, Workplace, Workplace design

The new issue of Work&Place has been published and is free to read on the journal’s new website. Its overall readership is now around 100,000, including in the new Spanish language edition, so it’s not just more accessible, it is even more influential. The journal continues to explore the most cutting-edge ideas surrounding the physical, digital and cultural domains in which we work. The convergence of these elements of the workplace define the greatest challenges we face in the workplace of the early 21st Century. Some of these are addressed in the features included in this edition.

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Network Rail agrees £1.46bn commercial real estate sale to Telereal Trillium and Blackstone Property

Network Rail agrees £1.46bn commercial real estate sale to Telereal Trillium and Blackstone Property

by • News, Property

Network Rail has agreed terms with Telereal Trillium and Blackstone Property Partners for the sale of its commercial real estate portfolio. Proceeds from the £1.46 billion transaction will help fund the railway upgrade plan, bringing improvements for passengers and reducing the need for taxpayers to fund the railway, according to a statement from Network Rail. Telereal and Blackstone will hold equal ownership stakes and intend to be long-term owners of the estate. Both parties have adopted a ‘tenants first’ approach, cemented in a tenants’ charter, which offers a commitment to engage with all tenants and communities in an open and honest manner. Telereal will oversee the day-to-day property management of the portfolio.

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A round up of some of the best recent workplace content from around the web

A round up of some of the best recent workplace content from around the web

by • Facilities management, Features, Flexible working, Property, Workplace, Workplace design

All the workstyles we have ever loved

Open plan v private offices déjà vu

Britain’s productivity crisis in eight charts

Investors discount office buildings with high WeWork occupancies

Perceptions of pay fairness

Agile humans, and therefore organisations. Just a dream?

Excessive hours and intense work is (sic) bad for your career

London pledge to make all new buildings operate at net zero carbon by 2030

London pledge to make all new buildings operate at net zero carbon by 2030

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

London pledges to make all new buildings zero carbon by 2030London has joined 18 other cities around the world, including Paris, New York and Tokyo, in a landmark commitment to make all new buildings operate at net zero carbon by 2030. Regulations and planning policy will also target existing buildings to make them net-zero carbon by 2050. Net zero carbon buildings are buildings which reduce all energy use as far as technically possible, with remaining demand met through renewables. The commitment has been orchestrated by C40 cities, a global group of major cities committed to delivering on the most ambitious goals of the Paris Agreement at the local level. As city authorities do not have direct control over all the buildings in their area, the commitment includes a pledge to work together with the private sector as well as state and regional governments to drive the transformation. This pledge from cities is part of the World Green Building Council’s Net Zero Carbon Buildings Commitment for businesses, cities, states and regions.

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