March 28, 2014

CBI moves to new flagship London office at Cannon Place

by Sara Bean • Company news, Property, Workplace design

The CBI is moving out of the Centre Point building this weekend to take up residence at its new flagship offices in London’s Cannon Place on Monday (31st March). The UK’s leading business group is leaving the Centre Point building in London’s West End after 34 years to relocate to new offices in Cannon Place, above Cannon Street station, where its new headquarters will be based. The 25,000 sq ft space on the fourth floor of the eight-floored Cannon Place will be open plan and home to around 200 staff. It will boast a member lounge with work stations and meeting rooms, as well as regular exhibitions showcasing the best of British business from around the globe. This first exhibitor will be Bristol-based film and television company Aardman Animations, the makers of the award-winning Wallace and Gromit series. More →

March 28, 2014

UK is world’s fourth most attractive business location, claims report

by Mark Eltringham • News, Property

Manchester, Europe’s cheapest large city for businesses

The latest edition of KPMG’s bi-annual study of the comparative attractiveness of more than 100 cities (many of them in the US) as business locations claims that the UK is one of the world’s best countries in which to do business. The Competitive Alternatives Report for 2014 assessed the competitiveness of cities in ten countries across four commercial sectors – digital services, research and development (R&D), corporate services and manufacturing – and found that the UK is the second most competitive country for corporate services; third for digital services; fourth for R&D and manufacturing and fourth overall. In Europe, the clear cost leader is Manchester with overall business costs more than 10 percent lower than those of London, the only other UK city assessed. The report claims the UK’s tax regime is a crucial factor for international enterprises as they make important funding and operational decisions.

March 20, 2014

CIBSE’s new website inspired by iconic new City of London building

by Sara Bean • Company news, Facilities management, Property

5 Broadgate in the City of London

The look and feel of the Chartered Institution of Building Services Engineers’ (CIBSE) new website, which was unveiled this week, has been inspired by a building. According to CIBSE the modular, precise design of 5 Broadgate, designed by Make Architects is echoed in the modern new design, improved user navigation and optimisation for mobile and smart devices of its new website. 5 Broadgate, the new City headquarters for financial services firm UBS, is a 700,000 sq ft, 12 storey building based on a single block form, featuring deep reveals to windows and openings that are designed to add to its overall feeling of substance. The new building will include up to four trading floors, each able to accommodate approximately 750 traders, allowing UBS to consolidate its London trading operations into one building, when fully occupied in 2016. More →

March 18, 2014

RIBA submits plans for new offices near its landmark Art Deco HQ

by Sara Bean • Architecture, News, Property

76 Portland Place, W1

The Royal Institute of British Architects (RIBA) has submitted a planning application for the creation of new high-quality new offices near its London headquarters. 76 Portland Place, London W1, which currently houses the Institute of Physics is being designed by a team led by award-winning architects Theis and Khan and is next door but one to RIBA’s Art Deco landmark building at 66 Portland Place. Built in 1958, it was designed by Howard V Lobb and Partners and had a ground floor extension added in the mid-1990s. The planning application includes the complete refurbishment and alterations of the existing office building to create office spaces and meeting rooms for around 180 staff – located over five floors; including first to sixth in the main building and first and second in the mews building. More →

March 14, 2014

Might a lack of joined-up thinking undermine UK high-tech ambitions?

by Mark Eltringham • Comment, News, Property, Technology

Old Street: the UK’s tech epicentre

Over the past week both Prime Minister David Cameron and London Mayor Boris Johnson have offered up visions of economic success founded on new technology. Yet, as the CBI points out in a new report pinpointing the dearth of talent needed to make such dreams a reality, politicians often appear to ignore the realities of a situation. In its new report, Engineering our Future, the CBI calls for significant action to make a career in the key disciplines of science, technology, engineering and maths more attractive and easier to pursue. The report points out that these are the skills needed to underpin the Government’s stated focus on the tech, environmental, engineering and manufacturing industries that will shape the country’s future and is calling for a cut in tuition fees, new courses and inter-disciplinary qualifications to allow those skills to flourish.

March 12, 2014

£56m office development planned for Salford’s regeneration area

by Sara Bean • Company news, News, Property, Public Sector

Work is to start on a £56m Grade A office and car park development in Salford’s Greengate Embankment regeneration area. The joint venture partners behind the development are Carillion, Ask Real Estate and Tristan Capital Partners, with Carillion acting as the main contractor. Work on the site, which was part of the former Manchester Exchange railway station, will start in June, with delivery of the 172,640sq ft office and car park planned for spring 2016. Salford City Council has signed an eight-year pre-lease on the whole of the first office building and Q-Park has agreed a 35 year pre-lease for the 442 space car park. The site, which was acquired from Network Rail, also has planning permission for a second phase which comprises another Grade A office building providing 150,000 sq ft of space. More →

March 12, 2014

Interminable UK public sector procurement deters suppliers, claims report

by Mark Eltringham • Facilities management, News, Property, Public Sector

Last week’s story about the jaded view UK organisations have of the way public sector organisations buy goods and services provoked a great deal of discussion on LinkedIn. Now new research from specialist purchasing data analysts Spend Network has revealed that the UK government is the third slowest in the EU when it come3s to tendering. The UK government takes 53 days longer than the EU average, with only Greece and Ireland taking longer, and they’ve had their own particular economic problems to deal with over the last few years. The data is comprehensive, covering 1.8 million EU tenders over a period of five years. It found that it takes 172 days for the UK government to award a contract after the posting of an OJEU notice, at a cost to the economy of £22bn.

March 11, 2014

Building Futures Group announced following merger of FM bodies

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

The name of the new organisation resulting from the merger of Asset Skills, the CSSA and the FMA is the Building Futures Group. Talks regarding the merger of the groups began last May, and despite the BIFM pulling out of the discussions in August the rest of the groups have gone ahead to form the new representative organisation for the Housing, Property, Planning, Cleaning, Parking and Facilities Management sectors. The new group has also announced Sarah Bentley of Asset Skills as its Chief Executive. She said: “The rationale for the merger was that the industry lacked a consolidated, unified voice. The Building Futures Group will coordinate the sector’s voice and provide a platform that has been so sadly missing. We are fully committed to raising the profile of the industry and transforming the sector”. More →

March 7, 2014

UK commercial property thriving, as domestic investors shy from London

by Mark Eltringham • News, Property

Edinburgh is one city enjoying a resurgence in investment

The distinctions between the commercial property market in London and those in the rest of the UK are becoming increasingly evident, based on new data from DTZ. While the value of transactions hit a record breaking £44.7 billion last year, up nearly a third on the figures for 2012, the majority of investments into regional markets were made by domestic firms while those in London were dominated by overseas investors. Around £23 billion of the overall total was invested in property outside of the capital, a reversal of last year when more money was invested in the capital than outside it. Meanwhile foreign investors spent a total of £20bn throughout the year with the majority (£14.2 bn) invested in Central London. According to DTZ, one notable trend in the year was for UK investors to divest property in London and shift investment to other areas of the UK.

March 5, 2014

Nine essays from UK-GBC on transforming the built environment

by Sara Bean • Environment, News, Property

The UK Green Building Council has published its annual collection of essays from its prestigious Leaders’ Network. The nine essays, entitled A defining decade – radically transforming the built environment by 2025, reflect upon the Government’s industrial strategy Construction 2025 and its vision for the UK’s built environment over the next 10 years. It includes contributions from Nicholas Pollard of Balfour Beatty, Bill Hughes of Legal & General Property, Paul Hinkin of Black Architecture and Climate Change Capital’s James Cameron. In his foreword, UK-GBC Chief Executive Paul King writes: “The essays included in this year’s collection come from a hugely influential and diverse group of leaders from across the built environment who all share a sense of the scale of the challenges ahead.” To view the essays click here.

March 5, 2014

New data suggests that London no longer belongs to the UK, but the World

by Mark Eltringham • Comment, News, Property

One of the subjects touched on in the first episode of Evan Davis’s BBC documentary series about the economic distinctions between London and the rest of the UK Mind the Gap was the impact of investment by the global super-rich into London property. At one point he asked the Malaysian investor behind the £8 billion Battersea Power Station redevelopment whether he’d considered investing in other cities in the UK. The response was a straight no, but the accompanying glance said rather more. London is no longer a British city but one that belongs to the world, it said, so any comparison with Manchester, Birmingham, Bristol, Leeds, Cardiff and Edinburgh is meaningless. You might disagree with this point of view, but a raft of new data appears to make it very evident indeed that London is now shaped by global plutocrats in a way that cannot be mirrored in the rest of the UK.

March 3, 2014

World Green Building Council to quantify productivity benefits of sustainability

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

In an attempt to broaden the business case for sustainable building, the World Green Building Council has launched a new initiative to define the productivity and wellbeing benefits associated with low carbon and sustainable property. The initiative, launched ahead of this week’s Ecobuild conference in London, will be steered by a group of experts who will produce a final report later in the year. The premise of the study is to show that, as well as cutting costs and improving environmental performance, green buildings have a beneficial effect on the health, wellness and productivity of occupants. According to the announcement, around 85 per cent of an average organisation’s costs are associated with salaries and other costs of employment so a modest improvement in productivity can have a huge impact.