April 29, 2015

First BREEAM standard for refurbishment and fit-out awarded to Bristol office ⁰

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

An office at Bristol’s Aztec West Business Park has become the first building to be certificated under the new BREEAM UK Refurbishment and Fit-Out standard. Legal & General Property’s building at 740 Waterside Drive has been awarded design stage ‘Very Good’ ratings against Parts 2 and 3 of the scheme for the refurbishment and fit-out of its core and local services. The £5 million, 51,000 square feet project took 30 weeks to complete and includes an extensive range of refurbishments and improvements. These include fully replacing the mechanical and electrical systems, installing photovoltaic panels on the roof, enhancing the airtightness of the building and improving its EPC rating to achieve an EPC A. BREEAM UK Refurbishment & Fit-Out 2014 has been developed to assess a wide range of project types.

April 29, 2015

RICS reports surge in investment and demand for commercial property ⁰

by Sara Bean • Facilities management, News, Property

Demand for commercial property in the UK is growing close to its fastest pace since 1998. The latest RICS UK commercial market survey shows that there was a surge in investment and tenant demand in the first quarter of this year, which suggests stronger economic growth over the remainder of 2015. The UK had its 10th consecutive quarterly acceleration of demand, with 46 percent of respondents reporting greater interest. However, the availability of commercial property declined, with 38 percent of RICS’ surveyors seeing fewer properties on the market, the impact of which is higher rents. This is particularly apparent across the industrial and office sectors. Looking ahead, respondents expect the office sector to perform most strongly; with London leading the way, despite some concerns over the valuation of prime property in the capital.

April 27, 2015

Business clusters fuel growth in office occupier demand in smaller cities ⁰

by Sara Bean • Facilities management, News, Property

Smaller cities, including Brighton, Solihull, Reading and Warrington [pictured], look set to see a growth in occupier demand for office rentals over the few years, a new report has revealed. JLL’s ‘Where Next in the UK?’ report analysed the economic and office market performance of 37 smaller towns and cities giving an insight in to which locations will offer investors the biggest opportunity over the next five years. It shows some smaller cities are found to have a stronger outlook than the ‘Big 6’, (Bristol, Birmingham, Manchester, Leeds, Glasgow and Edinburgh). The success of these smaller cities, says the report, will be closely associated with their ability to develop and grow clusters of businesses, for instance a growing nuclear research and technology cluster in Warrington – along with strong university links and the provision of integrated transport and infrastructure.

April 24, 2015

Rising commercial property costs driving small businesses out of London ⁰

by Mark Eltringham • Cities, News, Property, Technology

The vast majority of small businesses in London and other parts of the South East are considering relocating over the next five years because they are frustrated with the lack of appropriate facilities and soaring commercial property costs in the region. A new study from the University of Sussex’s business incubation network Sussex Innovation claims that nearly two thirds (63 percent) of small businesses, rising to 78 percent of technology startups, believe their future may depend on leaving the capital. The study claims this threatens the viability of the Government’s flagship Tech City hub just months after it announced a new scheme to attract firms to the area. The research is based on a study of over 500 business owners and leaders in London and the South East and was presented at the launch of Sussex Innovation’s new hub in Croydon.

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.