December 6, 2017

Commercial property sector disconnected from game changing new tech, claims report

by Mark Eltringham • News, Property, Technology

Executives in the commercial property sector have significant reservations about emerging disruptive technologies such as Big Data and predictive analytics, augmented and virtual reality, Blockchain and driverless vehicles, but see huge potential for process automation according to the Altus Group CRE Innovation Report (registration required). According to the report, which is based on a global survey carried out in September of 400 CRE executives at firms with assets under management of at least US $250 million representing a total of over US $2 trillion, a large majority of executives report their firms have benefited from technology investments made over the past two years. However, when presented with six rapidly emerging disruptive technologies, only a minority of respondents recognised them as having the potential for major disruptive impact.

December 5, 2017

Facebook’s new Frank Gehry designed London office includes start-up space

by Sara Bean • Architecture, Case studies, Cities, Property, Technology

Facebook has unveiled its new offices in London’s Rathbone Place, with the announcement that it will include a dedicated incubator space for start-ups. In terms of Facebook staff, the office will be home to a diverse range of teams including engineers, developers, marketing and sales teams. The 247,000 sq office, designed by award-winning architect Frank Gehry, includes 7 floors and features a new public square just off Oxford Street called Rathbone Square. In a first for a Facebook office, the new London site will offer incubator space for start-ups, called LDN_LAB, which will invite UK-based start-ups to take part per three month long programmes designed to help kick start and accelerate their businesses. The programme will help start-ups who are focused on creating, building or empowering communities through innovation and technology. Facebook experts from a range of disciplines including engineering, product and partnerships, will share their knowledge, expertise and mentorship as part of the programme.

December 4, 2017

Podcast: From office to imaginariums, with Antony Slumbers

by Ian Ellison • Podcasts, Premium Content, Property, Technology

In episode 14 of Workplace Matters, I am joined by Antony Slumbers, history of art graduate-cum-proptech entrepreneur, futurist and digital advocate. In a wide-ranging discussion which includes the inevitable advance of computer processing capability and artificial intelligence, Antony explains why the only option for future business success is to embrace our digital future. Making links to how this will impact upon our workplaces, Antony and I explore many of the points he made in this Work&Place article from earlier this year leading to a bold assertion: the office is dead, so it’s time to think differently.

November 30, 2017

Government targets 50 percent cut in greenhouse gases from the built environment

by Mark Eltringham • Environment, Facilities management, News, Property

The UK government has set some ambitious targets for construction and the environmental performance of buildings following the announcement of a Sector Deal for the construction sector. The sector deal was an integral part of the Industrial Strategy White Paper published earlier this week. In a statement, Business and Energy Secretary Greg Clark revealed more details of the deal supported by £170m of government investment and £250m of match funding from the built environment sector. The announcement sets out ambitious new targets for the built environment and infrastructure including a 50 percent reduction in greenhouse gases and a third reduction in the costs of construction and whole life costs of buildings.

November 30, 2017

Location of workplace matters when it comes to workplace performance

by Sara Bean • Flexible working, News, Property, Workplace

Employers can make major performance and productivity improvements by taking a more strategic approach to where they place their people, a new report suggests. Organisations with the closest alignment between their geographical talent footprint and market opportunity tend to be most productive and profitable claims Right people, wrong place?, a new EY report in collaboration with LinkedIn. The report analysed 659 organisations of varied size and scale across 11 sectors and revealed that those that poorly match their workforce to the global sub-sector growth markets are potentially leaving hundreds of millions of dollars of opportunity on the table. Bringing together a combined analysis of current and projected industry market performance from EY with LinkedIn’s insights from more than 530 million members, the report validates and quantifies the value of maximising the alignment between workforce location and market opportunity.

November 29, 2017

London office construction declines to three year low

by Mark Eltringham • Cities, News, Property

The development of new offices in central London has declined, according to the latest London Office Crane Survey by Deloitte Real Estate. Construction activity now totals 12.6 million sq ft, a 9 percent drop since the previous survey (six months ago). The survey reports 25 new office schemes starting construction, adding 1.8 million sq ft into the development pipeline. This is the lowest amount of new space started in over three years and 21 percent below the crane survey average. Refurbishment schemes once again dominate the new starts with 16 offices accounting for 70 percent of the volume. However, refurbishments are generally smaller scale than new-builds so the average size of schemes starting this survey has fallen to 73,000 sq ft, lower than the long-term average of 97,000 sq ft.

November 28, 2017

Government unveils Industrial Strategy to boost productivity and wealth

by Mark Eltringham • News, Property, Technology

The UK government has published its ‘ambitious’ Industrial Strategy, which it claims sets out a long-term vision for how Britain can build on its economic strengths, address its productivity performance, embrace technological change and boost the earning power of people across the UK. With the aim of making the UK the world’s most innovative nation by 2030, the government has committed to investing a further £725 million over the next 3 years in the Industrial Strategy Challenge Fund (ISCF) to respond to some of the greatest global challenges and the opportunities faced by the UK. This will include £170 million to ‘transform the construction sector and help create affordable places to live and work that are safer, healthier and use less energy’

November 28, 2017

BPF submits real estate sector deal proposal to government

by Mark Eltringham • News, Property

The British Property Federation (BPF) has announced it has submitted a Sector Deal proposal to government on behalf of the real estate industry. The announcement follows yesterday’s publication of the government’s Industrial Strategy White Paper – and of the first three Sector Deals committing industry and government to achieving the Industrial Strategy’s ambition in partnership. The real estate Sector Deal proposal sets out how the real estate industry underpins the UK’s economic and social wellbeing, and how it will be essential to the delivery of other Sector Deals including construction. The proposal ‘seeks a partnership with government where both sides are working together to maximise the real estate industry’s contribution to the economy, and to creating infrastructure and great places to live, work and relax across the country’.

November 24, 2017

It’s just life now: Debra Ward in conversation with Mark Eltringham

by Mark Eltringham • Facilities management, Features, Podcasts, Property, Technology, Workplace design

There is currently a great deal of talk about the way people experience the workplace. It is a subject linked to the changing nature of work but also a growing awareness that the old demarcations of time and place are falling, and with them the demarcations between the workplace professions. This subject may be topical but it has been a long term preoccupation for today’s guest on the podcast Debra Ward. Earlier this year Debra joined JLL in the new role of Strategy & Growth Director and one of her first aims has been to focus on the firm’s approach to human experience. This is encapsulated in a major global report on the subject but it’s one that Debra has always championed in here previous roles with MITIE, Macro and Condeco. Debra is forthright, informed, bright and passionate. Everything you need in a podcast in fact.

November 23, 2017

The workplace sector responds to the 2017 UK Autumn Budget

by Mark Eltringham • Architecture, Environment, Features, Property, Technology

Yesterday, the Chancellor Philip Hammond announced the details of the UK government’s latest budget. While Brexit inevitably cast its shadow over the whole thing, there were a number of announcements relevant to the workplace, construction, tech and built environment sectors, many of which have been broadly welcomed by commentators, industry bodies and experts. Among the announcements in the budget were new plans for infrastructure and planning, skills and training, the environment, productivity, AI and regional development.

November 14, 2017

Falling supply and growing demand for affordable office space in London is putting undue pressure on SMEs

by Mark Eltringham • Cities, News, Property

As the pressure grows for small businesses to find affordable workspace in the UK’s capital, the London Assembly has published a new report that looks at ways of addressing the underlying issues, especially a fall in the availability of appropriate space. According to the Assembly, the pressure on affordable workspace for SMEs in London is increasing. Sixteen per cent of industrial land was lost between 2001-2015 and if the trend continues, industrial land in London could fall a third by 2041. In outer London, almost one fifth of workspace could be lost to residential homes and since 2013, the relaxation of permitted development rights has led to the conversion of 1.47 million square metres of office space to residential homes.

November 14, 2017

Government land registry makes commercial ownership data free

by Mark Eltringham • News, Property

The Government’s HM Land Registry is making available, for free, data on land or property in England and Wales where the registered legal owner is a UK company or corporate body, or an overseas company. The Commercial and Corporate Ownership Data and Overseas Companies Ownership Data contain more than 3 million rows of data and include the address, company’s name, price paid and country of incorporation along with other useful information.