July 23, 2014

Three major UK office developments get green light following months of talk

by Mark Eltringham • Architecture, News, Property

Plans for the new Astra Zeneca facility in Cambridge by Herzog & de Meuron

Three of the most talked about UK office developments have been given the go ahead within the space of a few days. The Government has finally announced that the new construction headquarters for HS2 will be in Birmingham, rather than London. Meanwhile, following all of the wrangling about its proposed takeover by Pfizer, Astra Zeneca has announced that the controversial move of its research facility from Cheshire to a new base in Cambridge will involve the creation of a new £330 million complex designed by Swiss architects Herzog & de Meuron. Finally, planning consent has been granted for the 4.9 million sq ft Wood Wharf development in docklands including nearly 2 million sq ft of office space which the developer claims will be aimed at the thriving London technology, media and telecommunications (TMT) sector.

July 17, 2014

More construction developments required to solve office supply shortage

by Sara Bean • News, Property

The development of new workplaces, shopping centres and industrial facilities is playing an increasingly important role in the UK’s economic recovery, according to the inaugural Commercial Construction Index by JLL and Glenigan. But the report raises concerns that the development of commercial space is still lagging behind the UK’s booming economy. Although the quarterly index reveals that work began on £22.7bn of commercial projects over the 12 months to June 2014, an increase of 6.6 per cent on the previous 12 months, Jon Neale, Head of JLL’s UK Research team warns that: “despite these positive trends, the volume of commercial space being started has not risen substantially since the recession and is still significantly behind the position before the crisis. There is evidence of an increasing supply shortage, particularly in the office market, and the amount of development needs to accelerate if this is not to hamper longer term recovery.” More →

July 16, 2014

Strong demand for Edinburgh office space likely to slow until referendum result

by Sara Bean • Facilities management, News, Property

Office occupier take up in Edinburgh continues to show strong demand, with total occupier take up over 470,000 sq ft, significantly ahead of the same period last year (301,000 sq ft) according to new research by JLL. Over 225,000 sq ft was transacted in Q2 (April – June), slightly less than the Q1’s figure of 245,000 sq ft. However JLL anticipates a slow down over the summer period in the run up to the Scottish referendum, a result of the holiday period and companies delaying decisions until the outcome is clear. Despite this, JLL predicts that year end take up will remain above the five and 10 year average. Activity was characterised by a greater number of smaller deals, with only 4 transactions over 10,000 sq ft. Enquiries continue to focus on offices which are well connected into the public transport network and offer good facilities for staff.

July 11, 2014

6 Bevis Marks, the Gherkin’s new neighbour, is ready for tenants

by Sara Bean • Company news, Facilities management, Property, Workplace design

6 Bevis Marks – next to the Gherkin in the City of London – has been completed, with the first two tenants expected to take occupation in August. The mixed use building comprises 160,000 sqft (14,864 sqm) of office and retail space over 15 floors, and has been developed in a joint venture between AXA Real Estate and BlackRock. Located close to Liverpool Street, where the new Crossrail station is due to open in 2018, the building features a rooftop garden square, a ground floor business lounge, full on-site cyclist facilities and a private landscaped courtyard with access to the public realm surrounding the Gherkin. The development also features a 26-screen media wall in the reception, which is being used to host the Vivid Digital arts programme – a commission of young filmmaking talent supported by the developer. The building is BREEAM Excellent rated, with a range of sustainability features. More →

July 9, 2014

Smithfield mixed use development plans thrown out by Communities Secretary

by Mark Eltringham • Architecture, News, Property, Workplace design

The UK’s Communities secretary Eric Pickles has – in no uncertain terms – thrown out the controversial £160m plans to redevelop London’s historic Smithfield Market. The development, which would have been located in the heart of London’s creative and office design communities, was rejected with a strongly worded statement that concluded: ‘the extent of damage that the application would cause to the important heritage assets at Smithfield runs entirely counter to national and policy objectives intended to protect such assets from harm and that this would seriously undermine any economic, social or environmental benefits otherwise arising from the development, such that the proposal would not represent sustainable development.’ Objections to the plans had been led by the Victorian Society and Save Britain’s Heritage and enjoyed the backing of high profile public figures such as Alan Bennett, Kristin Scott Thomas and RIBA Journal editor Hugh Pearman.

July 7, 2014

Green building design ‘goes mainstream’ in major US cities

by Mark Eltringham • Architecture, Environment, News, Property, Workplace design

Minneapolis – the home of US green building design

It’s not just Europe that is experiencing an explosion of interest in green building design. According to a new report from CBRE and Maastricht University, the past ten years have seen a transformation in the way the US corporate real estate market approaches the environmental performance of buildings. According to the National Green Building Adoption Index for 2014, produced by CBRE there has been a remarkable increase in the application of green building standards in the thirty most important regional commercial property markets in the US. Based on data from the US Green Building Council, the number of office buildings which are LEED* or Energy Star** certified has surged since 2005. The proportion of LEED certified buildings in America now stands at 5 percent, up from under 0.5 percent over the course of the survey period. The total proportion of office space which now has some form of green accreditation is just under a fifth.

July 2, 2014

RIBA calls on next Government to put built environment centre stage

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

A new report from The Royal Institute of British Architects (RIBA) sets out a number of recommendations for the next UK Government and calls for greater economic leadership from English cities to rebalance the UK economy and take some of the pressure off London and the South East. RIBA’s report, Building Better Britain: A vision for the next Government, advises that by focusing on architecture and the built environment, the next Government will be better placed to address a sluggish economy, a shortage of new homes, an aging population and the effects of climate change. Building on the findings of the Farrell Review, the report is intended to provide policy makers with a greater understanding of the impact of how places are designed, planned and built and how they affect our day to day lives.

July 1, 2014

First female President in RICS’ history will focus on diversity

by Sara Bean • Company news, Facilities management, News, Property

The Royal Institution of Chartered Surveyors (RICS) has confirmed the first female President in the Institution’s 146 year history. New President of RICS Louise Brooke-Smith will give her inaugural speech today (1 July) during RICS’ Governing Council meeting in London. Alongside her presidency of RICS, Brooke-Smith will continue to be involved with the Birmingham based planning and development consultancy, Brooke Smith Planning. RICS accredits over 118,000 qualified professionals across the globe in land, real estate, construction and infrastructure. She succeeds outgoing RICS President, Michael Newey and during her year-long presidency, will focus on three core areas; diversity, Africa and her professional specialisms, planning and land economics. Commenting on her diversity plans for the year Louise Brooke-Smith, RICS President said: “Chartered Surveying is a globally recognised profession, and we must ensure that it is open to all, whatever their background, or gender. More →

June 27, 2014

Government must solve problem of London’s wasted commercial property

by Paul Statham • Comment, Facilities management, Property

The UK Government needs to act on the growing issue of wasted commercial property space in Greater London, and it needs to do so as a matter of some urgency. Statistics from the Department for Communities & Local Government (DCLG) show that since 1998, a worrying 58 per cent of London boroughs have seen vacancy rates either increase or stay the same. What is most concerning for businesses in the London region is that this rising figure, coming at a time when commercial rents are soaring, has gone unchecked since 2006, the time at which the DCLG stopped collating the data because of budgetary cuts. One of the worst performing boroughs is the City of London, which has seen a 100 per cent increase in vacant commercial properties during the period from 1998 up until the point at which the DCLG stopped publishing data.

June 26, 2014

Building conservation award goes to Sixty London gatehouse

by Sara Bean • Architecture, News, Property

A City Heritage Award for Building Conservation has gone to architects KPF and the City of London Corporation for the rebuilding of the Sixty London gatehouse and restoration of the adjoining Holborn Viaduct. The schemes, which were completed in the Autumn of 2013, were honoured for their high standard of craftsmanship and finish. Sixty London replaces Bath House, a former mixed-use development designed in 1967, and rebuilding the northeast gatehouse, destroyed during the Second World War, was a crucial part of the KPF design. The gatehouse re-establishes the original symmetry of four gatehouses which historically stood at the intersection. The new office building comprises 212,000 sq ft of office space from Basement to ninth floors and is designed to achieve a BREEAM ‘Excellent’ rating. It also won the ‘Best Large Commercial Building’ category at the London region Local Authority and Building Control (LABC) Building Excellence Awards in May. More →

June 25, 2014

The new issue of the Insight newsletter is now available to view online

by Mark Eltringham • Architecture, Facilities management, Newsletter, Property, Workplace, Workplace design

The new copy of Insight is now available to view online. It’s been a busy few weeks for sure and this edition certainly reflects that. We introduce the new issue of Work&Place, the journal we publish in partnership with Occupiers Journal, with contributors that include Professor Franklin Becker of Cornell University, Chris Kane CEO of commercial projects at the BBC, Andrew Laing of AECOM, Simon Allford of architects AHMM Allford Hall Monaghan Morris, designer and workplace strategist Ziona Strelitz and Ian Ellison of Sheffield Hallam University. Elsewhere, Sara Bean reports on key structural changes in the UK property market, Mark Eltringham ponders what we have learned in the build-up to new flexible working regs, Simon Heath casts a jaundiced eye over a mixed bag of RIBA Workplace Award winners and Justin Miller pays tribute to a product that 20 years ago first radicalised then permanently transformed the way we viewed ergonomics and workplace design.

June 24, 2014

Acquisition of Dublin office site marks strengthening demand in Ireland’s capital

by Sara Bean • Company news, News, Property

A 1.7-acre office development site in Dublin has been acquired for €40.5 million by Development Securities in a joint venture with Colony Capital and two leading Irish commercial developers. The site already has existing planning consent for the development of a 166,000 sq. ft. grade A office building which would replace an existing five storey, vacant office building that currently occupies the site. Located on Burlington Road, within Dublin’s prime commercial core, the office development will be marketed for pre-lets over the near-term, with initial site works expected to commence within the next 6 months and the building’s completion by in mid to late 2016. The move reflects a wave of office development in the Irish capital, where, according to a report by CBRE Ireland, a complete lack of office development over the last three years has manifested itself in supply shortages of Grade A office accommodation in core locations.