HSBC Headquarters in Canary Wharf to undergo major transformation

HSBC Headquarters in Canary Wharf to undergo major transformation

by • News, Property

This morning, the Canary Wharf Group (CWG) announced plans to reimagine the iconic buildingIn a significant redevelopment move, 8 Canada Square, currently the headquarters of HSBC, is set to be transformed into a modern multi-use skyscraper once the bank vacates its Canary Wharf location in 2027. The global banking giant will relocate to the Square Mile as part of a company refresh, prompting an overhaul of its existing headquarters. This morning, the Canary Wharf Group (CWG) announced plans to reimagine the iconic building into a state-of-the-art space encompassing workspaces, leisure, entertainment, and educational facilities. The building is wholly owned by the Qatari sovereign wealth fund (QIA), with CWG serving as the development partner. (more…)

Nearly all CEOs now say they work across different locations

Nearly all CEOs now say they work across different locations

by • Flexible working, News, Property

CEOs are leading by example when it comes to hybrid working, with nine in 10 (93 percent) saying they have personally adopted flexible working patternsCEOs are leading by example when it comes to hybrid working, with nine in 10 (93 percent) saying they have personally adopted flexible working patterns according to a new poll. The survey of more than 500 CEOs by International Workplace Group suggests that the vast majority now split their working time between locations. Just 7 percent said they spend five days a week working from a central office. (more…)

Crown estate announces details of latest London commercial property developments

Crown estate announces details of latest London commercial property developments

by • Company news, Property

The Crown Estate has unveiled details of its pipeline of commercial property developments in London’s West End.The Crown Estate has unveiled details of its pipeline of commercial property developments in London’s West End. According to The Crown Estate, the first three projects, which have a Gross Development Value of over £430 million, will deliver 250,000 sq ft of office, leisure and retail space in the heart of the Capital, which it claims will help to stimulate the renewal of the West End, attract global investment and contribute to the wider success of London. (more…)

Are these the top ten emerging technologies for 2024?

Are these the top ten emerging technologies for 2024?

by • Environment, News, Property, Technology

The World Economic Forum has announced the publication of its annual Top 10 Emerging Technologies Report featuring technologies with the greatest potential to make a positive impact in the worldThe World Economic Forum has published its annual Top 10 Emerging Technologies Report featuring technologies with the greatest potential to make a positive impact in the world in the next three to five years. Among the technologies mentioned in the report are AI (obv), immersive building tech, intelligent materials and microbes that can sequester carbon.  (more…)

Office market upheaval means uncertain times for landlords

Office market upheaval means uncertain times for landlords

by • News, Property

The UK office market is facing a period of significant upheaval, according to a new survey commissioned by workspace provider infinitSpaceThe UK office market is facing a period of significant upheaval, according to a new survey commissioned by workspace provider infinitSpace. The research paints what it says is a concerning picture for landlords, with a sizeable portion battling financial strain and even potential closure. Over 14 percent of the 250 surveyed landlords fear their office buildings could shut down within the next five years due to affordability concerns. (more…)

People say hybrid working has reduced their risk of burnout

People say hybrid working has reduced their risk of burnout

by • Flexible working, News, Property, Wellbeing

new poll claims that the vast majority of workers who have shifted to a hybrid working model say that it has helped them to greatly reduce burnout in their working livesA new poll claims that the vast majority of workers who have shifted to a hybrid working model say that it has helped them to greatly reduce burnout in their working lives. The survey of more than 1,000 people, undertaken by hybrid working firm International Workplace Group, suggests that three quarters (75 percent) reported a dramatic reduction in burnout symptoms, defined as a syndrome resulting from chronic workplaces stress, since moving to a hybrid model. (more…)

London office market sees sharp decline in leasing activity

London office market sees sharp decline in leasing activity

by • News, Property

The London office leasing market kicked off 2024 with a significant downturn, according to a new report from Devono.The London office leasing market kicked off 2024 with a significant downturn, according to a new report from Devono. After a strong end to 2023, leasing activity plummeted by 45 percent in the first quarter, with only 2.3 million sq ft of space leased. This falls short of the 5-year average for Q1 and marks the lowest total since late 2022. The report attributes the decline to a combination of economic factors, including a recent recession and rising inflation. Businesses are cautious about committing to new office space in this uncertain climate. (more…)

Forget Cannes. Commercial property sector hits the North to great effect

Forget Cannes. Commercial property sector hits the North to great effect

by • Cities, Comment, Property, Public Sector

Away from London and Cannes, the commercial property sector is holding meaningful forward looking conversationsAn hour or two on the train from that part of the UK that gets talked about most and much better optics for local authorities to chase private investment than the South of France, little wonder the UK’s Real Estate Investment and Infrastructure Forum (UK REiiF) proved so popular this year. Over 13,000 attendees descended on Leeds for three days in May this year, a figure all the more remarkable when considering the event only started in 2022 with nearly 4000 attendees, which it nearly doubled the following year. Back to 2024 then and housing was a strong focus but that’s not to say some interesting stories from the commercial property sector didn’t also arise. (more…)

Government announces new digital hub for Manchester

Government announces new digital hub for Manchester

by • News, Property, Technology

Manchester is poised to become a major player in the digital government landscape following a significant land deal announced this week. The Government Property Agency (GPA) has exchanged contracts with Manchester City Council (MCC) to acquire five acres of the former Central Retail Park in Ancoats, paving the way for the construction of the Manchester Digital Campus. (more…)

Inclusivity, sustainability and user-centric design dominate BCO South West Regional Awards

Inclusivity, sustainability and user-centric design dominate BCO South West Regional Awards

by • News, Property, Workplace design

What are claimed to be the South West of England’s and South Wales’s most outstanding workplaces have been announced, with British Council for Offices Awards going to six office buildings across the region. Held at The Coal Exchange Hotel, the BCO’s annual South of England and South Wales Awards Dinner celebrated the high-calibre of the region’s offices in terms of design, fit-out operation and sustainability. (more…)

Manchester Airport City plan reinvented as £ 1 billion science and tech hub

Manchester Airport City plan reinvented as £ 1 billion science and tech hub

by • News, Property

In a significant development, the ambitious £1 billion plan to transform a 60-acre site adjacent to Manchester Airport is being rebooted. The project, now known as MIX Manchester, aims to create one of the largest science and innovation campuses in the UK, spanning an impressive 2 million square feet of advanced manufacturing and science space. Notably, it will be the only campus of its kind situated next to an international airport, promising exciting opportunities for growth and collaboration. (more…)

As hybrid offices continue to evolve, report explores global occupancy planning

As hybrid offices continue to evolve, report explores global occupancy planning

by • Facilities management, News, Property, Technology

how hybrid offices are actively shifting to accommodate a greater variety of work activities and how companies can look at occupancy planning and workplace design more holistically to reflect these changesFour years after the start of the pandemic, a new survey from JLL claims that hybrid working is now the most common workstyle globally, with 87 percent of organisations operating with a hybrid program today. JLL’s new 2024 Global Occupancy Planning Benchmarking Report claims to outline how hybrid offices are actively shifting to accommodate a greater variety of work activities and how companies can look at occupancy planning and workplace design more holistically to reflect these changes. By investing in new technologies, leveraging utilisation data and prioritizing individual and private seating, companies can ensure they are effectively reflecting the workplace’s changing needs. (more…)

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