May 21, 2015

TMT and finance sectors drive demand for London office construction

by Sara Bean • Facilities management, News, Property

The total level of office construction in central London has increased over the past six months, fuelled by the greatest volume of new space to start since 2011, the latest Deloitte London Office Crane Survey has revealed. With a rise of 24 per cent over the past six months, a new wave of office construction in central London is under way across almost all submarkets. This comes at a time when the level of available office space is at its lowest for seven years, with current market conditions still suggesting a short-term supply shortage. However, the ramping up of new developments over the last six months has come too late to significantly alter the delivery of new space in 2015. TMT and the financial sector are driving up demand for more office space.

May 20, 2015

Collaborative work is the driving force behind the desk rental boom

by Peter Ames • Comment, Flexible working, Property

In the wake of the Smarter Working West Midlands project, which encouraged SMEs to try co-working for free, it is increasingly apparent the nation’s small businesses are prepared to embrace alternative office space options. Both serviced offices and desk-rental can offer the flexibility a long-term office lease often cannot because they involve rental agreements that may work monthly or quarterly, while a traditional lease will generally require a commitment of several years. Desk rental also offers a chance of skill-sharing, collaborative work and networking. In fact this was the key benefit for many businesses participating in Smarter Working West Midlands. For startups the ability to expand, contract or even relocate office can be invaluable. It’s this flexibility which allows them to mould a space to their brand and make the office feel like a true home.

May 19, 2015

Shared office space is redefining commercial property and the workplace

by Charles Marks • Comment, Property, Workplace design

Hive by Connection

The changing way we work presents particular challenges for the development of commercial property as well as those who specify, design and occupy workplaces. As has been highlighted many times before, the days are gone when designing an office was largely determined by the number of people who occupy it and the main determinant of the space needed for them was the size of their desks based on their status and what they did. Now, those are just some of the characteristics that need to be taken into consideration when creating workplaces, alongside others such as how much meeting and shared office space is needed, whether certain people need a dedicated workstation at all, how to give them choices about where they work and with whom and how the building can adapt to changing teams and objectives.

May 19, 2015

Experts more sceptical about Government’s BIM 2 deadline

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

Construction firms are increasingly pessimistic about the UK Government’s ability to meet its deadline for the adoption of Level 2 Building Information Modelling (BIM) in centrally procured projects. According to the latest BIM survey by law firm Pinsent Masons, nearly three quarters (71.3 percent) of respondents believe the 2016 deadline is now ‘unachievable’ compared to around 64 percent last year. The survey found there remains a positive attitude towards the use of new technology in construction in spite of the fact that only half of respondents had even heard of the core Digital Built Britain strategy. Nearly all (94 percent) were aware of the BIM2 target and when asked about the implications of new technology for construction, 58 percent believed it would have a high impact, 29 percent thought it would be medium, while just 3 percent said low.

May 17, 2015

The complete Work&Place archive is now available for you online

by Mark Eltringham • Architecture, Facilities management, Premium Content, Property, Technology, Work&Place, Workplace design

The complete Work&Place archive is now available for you online, with each issue in two formats. PDF and digital editions offer you a choice of how to access the thoughts of some of the world’s greatest practitioners and writers on workplaces, commercial property, urbanisation, technology and all of the key forces driving developments in the built environment. Each of the issues so far also offers you an international perspective which means not only do they offer an insight into the forces that shape workplace thinking worldwide, they also create a unique perspective on how national approaches are shaped by local forces related to legislation, the economy, environment, culture and business practice. Work&Place is now published quarterly with the next issue set for July 2015. It will continue to create an era defining body of work about the rapidly changing world of work and workplaces.

May 11, 2015

Does declining productivity spell the end for IT and property directors?

by John Blackwell • Comment, Facilities management, Property, Technology, Work&Place

When it comes to increasing organisational output, which in turn directly relates to real wage growth and higher living standards, the only determinant is productivity, measured in terms of output per hour worked. This is at the heart of all businesses and is essential for growth. The basic facts on productivity are clear. For over a decade, productivity has been painfully weak across all the major economies. The UK has performed particularly badly, with productivity having declined by 3.7 percent since 2008. A recent OECD report went as far as saying: “weak labour productivity since 2004 has been holding back real wages and well-being. The sustainability of economic expansion and further progress in living standards rest on boosting productivity growth, which is a key challenge for the coming years”.

May 8, 2015

The death of the office has been overstated but it is changing, study confirms

by Mark Eltringham • News, Property, Workplace design

The implications for the property industry of more efficient space planning models and the uptake of flexible working are laid bare in a new report from planning and design consultancy Nathaniel, Lichfield and Partners (NLP). The headline figure from the report, Workspace Futures: The changing dynamics of office locations is that the office stock in England and Wales rose by 17 percent in the twelve years to 2012 while the numbers of office based staff increased by around 21 percent. The report includes details on how these trends affect 11 key locations including Manchester, Cambridge, Bristol, Newcastle and Reading and concludes that while ‘the death of the office has been largely overstated’, the market is undergoing structural changes that need to be addressed by developers and government.

May 6, 2015

TfL to occupy first commercial property at International Quarter

by Sara Bean • Architecture, Company news, News, Property

Construction is to begin this summer on the first of a number of office buildings planned for the second stage of the International Quarter, a £2.1 billion mixed-use development in Stratford in East London. Transport for London (TfL) has signed a pre-let with Lend Lease and London and Continental Railways (LCR) to occupy all of the space in the 265,000 sq ft commercial property. An estimated 3,000 TfL workers will relocate to the International Quarter’s new offices and, once completed, an estimated 25,000 people will work at and visit the site each day. The developers claim they are in discussions with other tenants about moving to The International Quarter – which, at a total of four million square feet, will be one of the largest new commercial property developments in the capital.

May 5, 2015

Election uncertainly blamed for slowdown across the UK construction sector

by Sara Bean • Facilities management, News, Property

The UK construction market experienced a slowdown in April, with output and new orders expanding at the slowest rates since June 2013, according to the latest Markit/CIPS UK Construction survey. Although the growth of commercial work was the least marked since August 2013, many survey respondents suggested that underlying conditions remained favourable, but some clients had delayed decisions ahead of the general election. Looking ahead, confidence regarding the 12-month outlook dipped from the nine-year high seen in March, but remained stronger than its long run average. A number of firms cited optimism that underlying demand would continue to improve, while others suggested that the removal of election related uncertainty would help support new business gains.

May 5, 2015

A responsible approach needed for the design and build of London’s towers ⁰

by Paul Chilton • Architecture, Comment, Property

There are currently over 260 new towers either proposed, approved or under construction in Greater London, a 12 per cent increase on last year. There has been much debate and concern about the impact of the design and build of so many new towers on the capital and in particular the visual impact. The Skyline Campaign was launched last year with signatures from over 80 public figures hoping to halt the ‘destruction’ of London’s skyline. London is a busy city, on a small island with limited space. Towers allow us to create residential and commercial property using a minimal amount of land. However it is vital that new buildings that are tall enough to have a visual impact have the right design, are in the right place, and are built at the right time.

May 2, 2015

The latest issue of Insight Weekly is available to view online ⁰

by Sara Bean • Environment, Facilities management, Newsletter, Property, Technology

In this week’s issue; Mark Eltringham lists the three workplace issues that could influence the general election, Maciej Markowski cites some examples of how companies are using Gamification and Sara Bean reports on a global career success survey which found staff rate happiness and flexibility over performance. In news; the first building to be certificated under the new BREEAM Refurbishment and Fit-Out standard and HSBC’s move to a new landmark building in Birmingham – not abroad – is given speedy assent. A new study warns of a growing number of European employees going rogue with their own digital devices and apps and Gartner urges organisations to draw-up a ‘manifesto’ that of digital best practice. Sign up to the newsletter via the subscription form in the right hand sidebar and follow us on Twitter and join our LinkedIn Group to discuss these and other stories.

May 1, 2015

Rubberstamp for relocation of HSBC headquarters to Birmingham ⁰

by Mark Eltringham • Cities, News, Property

Unsurprisingly, the high profile relocation of HSBC to a new base in Birmingham has been rubberstamped by the city’s council. Despite HSBC’s recent threat to quit the UK completely, the planning committee has confirmed that the move, first announced in March, will go ahead as planned. The new 210,000 sq. ft. landmark building at the 2 Arena Central mixed use scheme has been designed by Ken Shuttleworth for handover to HSBC in 2017. The move to Birmingham has been largely attributed to the bank’s reaction to the financial crisis and the subsequent climate of legislative reform and public criticism. HSBC has longstanding links with the West Midlands and The Birmingham Post reported recently that it may resurrect the name Midland Bank as it relocates 1,000 staff to the UK’s heartland.