UK Space Agency announces new headquarters and regional offices

UK Space Agency announces new headquarters and regional offices

by • News, Property

The location of the UK Space Agency's new headquarters, the Quad Two building at the Harwell Science Campus’ Space Cluster in Oxfordshire.The UK Space Agency is opening new headquarters in Harwell, Oxfordshire and regional offices in Scotland, Wales and the Midlands as it works to support the space sector across the UK.  According to the government, the expansion will enable the Agency to collaborate more closely with the UK’s space sector, while promoting regional skills and job opportunities to deliver ‘increasingly ambitious missions and capabilities’. As set out in the Space Industrial Plan, the government says it is committed to continuing its support for space clusters across the UK and ‘providing the tools needed to drive collaboration between them and catalyse further investment’. More →

Commuter towns becoming main place of work for many people

Commuter towns becoming main place of work for many people

by • Flexible working, News, Property

over the past two years workers have significantly increased their use of office workspaces in rural, suburban and commuter townsNew office footfall data from IWG taken from more than 400 locations across the UK, suggests that over the past two years workers have significantly increased their use of office workspaces in rural, suburban and commuter towns, choosing to forgo lengthy daily commutes and work closer to home. More →

Reviving flexible workspaces – a guide to saving failing operations

Reviving flexible workspaces – a guide to saving failing operations

by • Comment, Property

Landlords and operators of flexible workspaces need to ensure that what they offer is meeting customer demands says Calum RussellThe landscape of flexible working has witnessed unprecedented growth, spurred by the evolving needs of businesses in the aftermath of the pandemic. Despite the economic turbulence of 2023, the flexible office market has remained strong in the UK, achieving a record overall occupancy of 83 percent in the same year. As the demand for adaptable and collaborative working environments continues to rise, landlords and operators of flexible workspaces need to ensure that what they offer is meeting customer demands. Given the number of notable operator closures, many landlords are beginning to find themselves at the forefront of decisions about managing and revitalising failing operations. More →

Moody’s latest firm to quit Canary Wharf for smaller offices in London

Moody’s latest firm to quit Canary Wharf for smaller offices in London

by • News, Property

Credit ratings agency Moody’s is relocating its London headquarters from offices in Canary Wharf to a new location in the City of London. This move adds to the trend of financial firms opting to leave the Docklands district. The company will shift to offices at 10 Gresham Street in 2026, coinciding with the expiration of its lease at One Canada Square, the iconic pyramid-topped skyscraper in the heart of the east London estate. A spokesperson for Moody’s confirmed the selection of the new location, emphasizing that the move is subject to closing. More →

UK office occupancy levels reach post-pandemic peak

UK office occupancy levels reach post-pandemic peak

by • Facilities management, News, Property

New data from Remit Consulting suggests that UK office occupancy rates have risen to their highest level since the start of the pandemic.New data from Remit Consulting suggests that UK office occupancy rates have risen to their highest level since the start of the pandemic. Although still below pre-pandemic levels, the data indicates a gradual return to more office-based work patterns. The ReTurn Report is compiled by Remit Consulting each week. It uses data provided by building managers in ten cities based on their property’s access control systems. More →

Real estate sector is at a pivot point worldwide, report claims

Real estate sector is at a pivot point worldwide, report claims

by • News, Property

Despite continued economic uncertainty around the world, there is a strong belief that the global real estate industry is at a ‘pivot point’, with improving prospects ahead for renewed investment activity, according to the latest Emerging Trends in Real Estate Global Outlook 2024 from PwC and the Urban Land Institute (ULI). The report amalgamates three regional reports, which canvassed thousands of real estate leaders across Europe, the United States and Asia Pacific, and is a key indicator of sentiment towards the global real estate investment and development outlook across the globe. More →

UKGBC publishes new guidance on embodied carbon emissions reporting for more rigorous carbon reduction strategy

UKGBC publishes new guidance on embodied carbon emissions reporting for more rigorous carbon reduction strategy

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

The UK Green Building Council (UKGBC) has launched new guidance on Scope 3 embodied carbon measurement and reporting, for stakeholders across the built environment. Scope 3 represents a proportion of an organisation’s indirect embodied carbon emissions that can constitute up to 80-95 percent of its total value chain footprint. Setting out a way to coherently align embodied carbon assessments, the guidance reframes Scope 3 reporting as a singular methodology rather than siloed efforts. More →

They call it mellow yellow. Issue 19 of IN Magazine lands

They call it mellow yellow. Issue 19 of IN Magazine lands

by • Environment, Flexible working, IN Magazine, Premium Content, Property, Technology, Workplace design

The new issue of IN Magazine has been published today.The new issue of IN Magazine has been published online today. In this issue: we ask why firms are so reluctant to change what they do; a dream of the past and future of work; Andy Lake talks about his new, visionary book; how AI might make cities worse; what inclusive design means; a panel of experts discuss what changing work practices mean for major business districts; why we must rethink how we light our streets and squares; how to strike the right balance when it comes to creating meetings in offices; and we take a grand tour through the Bucharest HQ of the world’s biggest travel group. More →

University of Warwick receives £1.25 million to research how AI could change the market for real estate

University of Warwick receives £1.25 million to research how AI could change the market for real estate

by • AI, News, Property, Technology

The University of Warwick has received a £1.25 million donation to launch the FutureFinance.AI Research Group that could transform the way the world purchases, sells, rents and handles real estate over the next five yearsThe University of Warwick has received a £1.25 million donation to launch the FutureFinance.AI Research Group that could transform the way the world purchases, sells, rents and handles real estate over the next five years. Based in the Gillmore Centre for Financial Technology at Warwick Business School, the new Research Group will draw interdisciplinary scholars and thinkers from across the world to redefine and innovate the financial and property technology landscape. More →

State-of-the-art European weather centre headquarters in Reading given go-ahead

State-of-the-art European weather centre headquarters in Reading given go-ahead

by • Company news, Property

The UK Government has been granted planning permission to develop a new cutting-edge headquarters for the European Centre for Medium-Range Weather Forecasts (ECMWF) at the University of Reading. Construction of ECMWF’s modern, accessible, and highly sustainable headquarters is scheduled to start towards the end of this year and completion is expected in Autumn 2026, after Wokingham Borough Council approved the development at its February 2024 Planning Committee. More →

“Security-by-design” aims fall short, and building costs spiral as a result

“Security-by-design” aims fall short, and building costs spiral as a result

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

A report claims that despite an increased commitment to “security-by-design” principles, the industry is still spending significant time and money post-build to fix issuesA new report from Brivo claims that, while security is a new priority in building design, a mismatch between ambition and reality can lead to spiralling costs. The results of its research into integrated physical security in building design by Architecture, Engineering and Construction (AEC) practitioners have been published in a report called The State of ‘Security-by-Design’: Is Security an Afterthought in Building Design?[registration]. The report claims that despite an increased commitment to “security-by-design” principles, the industry is still spending significant time and money post-build to fix security issues, risking dire retroactive effects. More →

Changing shape of workplace is creating new opportunities for property market

Changing shape of workplace is creating new opportunities for property market

by • Facilities management, News, Property, Workplace design

A new report claims that changing approaches to the workplace will create new opportunities for the quickest and smartest to adaptAfter a challenging environment for commercial real estate in 2023, its fallout provides investors, developers and corporate occupiers with significant opportunities for value creation and transformational organisational change in 2024, says leading property management and investment firm, Colliers (EMEA) in its new market commentary: ‘Engage, activate and accelerate performance: next generation real estate strategies’ [registration]. The report claims that new approaches to the workplace will create new opportunities for the quickest and smartest to adapt. More →

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