April 24, 2015

Facebook nearly doubles the size of its London headquarters ⁰

by Mark Eltringham • News, Property, Technology

Facebook has nearly doubled the size of its UK headquarters on Euston Road in Central London, according to property owner British Land. The firm has signed a deal with the landlord that will see it add 66,000 sq ft to its existing 87,000 sq ft office. Facebook will occupy the fifth floor of the Regent’s Place building, as well as floors nine to sixteen and some shared space on the ground floor. The company has recently relocated from a 36,000 sq ft office in Covent Garden. Facebook is one of several global tech giants migrating to the area around Euston and Kings Cross which is in the midst of a multibillion redevelopment. The most high profile new resident is Google which is building a giant new headquarters building in King’s Cross. Other organisations in the area, which has been dubbed the Knowledge Quarter, include UCL, the Guardian and the government’s Digital Catapult Centre.

April 23, 2015

Proposal to fund development of Grade A office space in Northern Ireland ⁰

by Sara Bean • Facilities management, News, Property

Plans to develop a scheme that ensures Northern Ireland has enough Grade A office space to meet its needs has been launched by business development agency Invest NI. It follows the publication of a report that found while demand for Grade A offices has remained relatively steady over the past three years, with no new development taking place, both the overall supply and Grade A supply has fallen steadily. Of the total supply, only around 320,000 sq ft is classified as Grade A, 250,000 sq ft of which is located in Belfast City Centre. Nearly a quarter (21%) is contained within units that are smaller than 10,000 sq ft, a further 36 percent within units sized between 10-20,000 sq ft and there are only three office buildings across Northern Ireland that could offer space exceeding 20,000 sq ft.

April 21, 2015

BIM predicted to become ‘de facto’ standard, despite adoption slowdown ⁰

by Sara Bean • Architecture, Facilities management, News, Property, Public Sector

Increased workloads that limit the time available to implement new working practices is one of the reasons why the reported awareness and usage of BIM (Building Information Modelling) has fallen for the first time in five years. The fifth NBS National BIM Report, which looks at how UK building design professionals are adapting to the use of BIM, found that awareness and usage has fallen from 54 percent last year to 48 percent. However, out of 900 respondents to the survey, most believe BIM will become the ‘de facto’ standard for the design process within three years, as 92 percent expect to be using it within that timespan – and 95 percent within five years. With just months to go until the mandated use of Level 2 BIM on public sector projects in 2016, this year’s report looks at the built environment’s readiness.

April 21, 2015

Winners of BCO Scotland awards programme are announced ⁰

by Mark Eltringham • Architecture, News, Property

At last week’s British Council for Offices’ awards dinner the regional prize for best corporate workplace in Scotland went to the headquarters of energy firm GDF Suez in Aberdeen. Judges said the 40,000 square foot development showed what can be achieved by a “clear vision that puts the needs of the occupier centre stage”. Opened last October, the five-storey building is home to the development and operations teams of the firm. The Grade A office accommodates up to 200 people and provides the company with the required space to grow operations in support of existing, and, new exploration and production projects. The facilities include ‘state-of-the-art office accommodation and meeting rooms, all supported with IT and audio-visual infrastructure and was designed to achieve a BREEAM Excellent score, making it one of the first buildings in Aberdeen to achieve this rating.

April 20, 2015

Planning permission granted for two major towers at Canary Wharf ⁰

by Mark Eltringham • Cities, News, Property

Planning permission has been granted for two major new towers at Canary Wharf in East London. The developer Canary Wharf Group has been granted full permission for the 1 Bank Street development and outline planning permission for 1 Park Place. The 1 Bank Street building has been designed by architects Kohn Pederson Fox and is a 700,000 sq. ft. commercial property with 27 storeys including three levels of trading floors and also retail facilities at ground level as well as landscaping and public spaces. Bank Société Générale has already agreed a lease for 280,000 sq. ft. of the building over seven storeys on a 25 year lease. The planning committee at Tower Hamlets council has also granted outline planning permission for the 1 Park Place scheme, a 31-storey office building offering around one million sq. ft. of space.

April 16, 2015

WELL building standard launched in China ⁰

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

The Green Building Certification Institute (GBCI) and the International WELL Building Institute (IWBI) have launched their WELL Building Standard in China. The standard sets out to improve the health and wellbeing of people and claims to complement international green building rating programs such as LEED, BREEAM International and Three Star. The Standard is a performance-based system for measuring, certifying and monitoring features that may impact human health and wellbeing, through air, water, nutrition, light, physical health, comfort and mental and psychological wellbeing. The standard claims to be based on medical research that links buildings with the health and wellness of the people working and living in them and helps building owners and occupiers to understand those links and create a healthier working environment.

April 14, 2015

RBS to save £18 million a year with office consolidation plans ⁰

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

The Royal Bank of Scotland (RBS) is to close four of its offices in Edinburgh as it moves to consolidate its operations at its Gogarburn headquarters. The change is expected to divest around 344,000 sq. ft. of space at the four existing sites in the centre of Edinburgh, saving some £18 million a year when the move is completed by 2017. By then some 6,000 employees will be working at the HQ in the rural district of Gogar, doubling the number of existing employees on the site. In addition to the consolidation, RBS is opening up the building to new and existing businesses to promote their growth. The plans involve the creation of a centre for entrepreneurs and small businesses which will allow them access to expert advice and finance, develop relationships with RBS and also encourage them to collaborate and share ideas with each other.

April 14, 2015

Cambridge to get new tower as office take up doubles over last decade ⁰

by Sara Bean • Facilities management, News, Property

Both Oxford and Cambridge are experiencing a huge increase in office take-up, but despite Oxford’s reaching an all-time high last year, it is still three-quarters that of Cambridge. Research by Savills has revealed that Cambridge’s office take-up is double what it was 10 years ago. Now a new 39 metre office tower has been approved by Cambridge City Council which will house Cambridge University’s international exams group, Cambridge Assessment. Called The Triangle site the new building will be situated on Shaftesbury Road in Cambridge, which was previously home to Cambridge University Press’s Edinburgh Building. The new building will be designed to bring together Cambridge Assessment’s locally-based staff, currently based at 11 different sites – into one headquarters by 2018, when staff numbers will be about 2,300.

April 14, 2015

Latest issue of the Insight newsletter is now available to view online ⁰

by Sara Bean • Newsletter, Property, Wellbeing, Workplace, Workplace design

In this week’s issue; Justin Miller previews this year’s Milan International Furniture Fair; John Sacks reviews the 35th China International Furniture Fair in Guangzhou and Charles Marks explains why Facebook’s new offices sport a traditional open-plan design. News that commercial occupiers in London are willing to pay a premium for outside access and upper floor views, the latest CIPD research finds that one in three workers have experienced conflict at work, and a US-survey highlights the negative impact on productivity of working with a toxic colleague. There is also video footage of Perry Timms‘ talk on the challenges and opportunities of the future of work made at his TedX in Bucharest. 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.

April 13, 2015

Approval granted for new 27-storey office building at Canary Wharf ⁰

by Sara Bean • Company news, News, Property

Planning permission has been granted for a new 27-storey office building at 1 Bank Street, Canary Wharf in London. The new 700,000 sq ft office building will comprise office space, three levels of trading floors, a retail unit at ground level, a free-standing retail kiosk on South Dock Promenade, public realm, planting and landscaping and basement car and cycle parking. There will also be public access to a new promenade along the South Dock. According to developers Canary Wharf Group, the new offices will provide capacity for an additional 5,837 full-time equivalent jobs. French bank Société Générale, has already agreed a lease for 280,000 sq ft of 1 Bank Street, covering the ground and first to seventh floors on a 25 year lease. Tower Hamlets also granted Canary Wharf Group outline planning permission for just over 1 million sq ft of space at 1 Park Place.

April 10, 2015

Central London occupiers prepared to pay more for upper floors and terrace ⁰

by Sara Bean • Facilities management, News, Property

There is a growing trend for London occupiers prepared to pay more for upper floors, particularly with access to a terrace, as according to the latest research by Cushman & Wakefield (C&W), unprecedented rental rates are being paid for tower floors and roof gardens. Central London office leasing activity overall, was 2.4 million sq ft for the first quarter of 2015, which equals the same period in 2014, which marked the highest first quarter volumes since 2007. Momentum in the City of London office market has also continued, with a total of 1.8 million sq ft let, up 34 percent for the same time last year. The West End recorded a relatively quiet quarter, with leasing volumes down to just over 600,000 sq ft – the lowest level since mid-2013. However, this is against a backdrop of falling vacancy rates, leading to the increasing migration of commercial occupiers out of the West End.

April 7, 2015

New UK Green Building Council Chief Executive lists challenges ahead

by Sara Bean • Environment, Facilities management, News, Property

Julie Hirigoyen, the former UK Head of Sustainability for property consultants JLL takes over today as the new Chief Executive of the UK Green Building Council. Hirigoyen was previously Managing Director and founding partner of Upstream, a leading sustainability strategy consultancy, acquired by JLL in 2007. She said of her new role today: “Buildings and cities are at the heart of what we need to change if we are to achieve sustainable development. There’s been a huge increase in the importance of this agenda, since when I first started out, we were knocking on closed doors. But we must not kid ourselves – we are only at the early stages of the journey. We are still exceeding the limits of the planet, there are still very few genuinely net positive buildings or companies out there, and we are not achieving sustainability as a scientific concept yet – there is much more to do.”