Vital role of FM in success of an organisation illustrated in latest RICS case studies

by • Facilities management, News, Property, Public Sector, Technology

Vital role of FM in success of an organisation illustrated in latest RICS case studiesThe utilisation of Building Information Modelling (BIM) to innovate FM within a business, and the way in which strategic FM can help boost the wellbeing of employees are two of the latest case studies launched by the Royal Institute of Chartered Surveyors (RICS) aimed at illustrating the vital role played by FM in the success of an organisation. The case studies, produced by International Workplace, and available to download here, outline how businesses, large and small, can utilise strategic FM to enhance their business’ output. Through organisations as varied as The Royal BAM Group and the Hong Kong Jockey Club, the theme of professionalising FM is brought to life and explained using tangible, real life examples. Speaking at the launch of the case studies, held at KPMG, featured for its living wage initiative, Neil Murray, Managing Director at Sodexo UK talked about the contribution FMs can make to an organisation by making it a better place to work. (more…)

An end to ‘Whitehall Palaces’ as UK government publishes new estates strategy

by • Facilities management, News, Property, Public Sector

public sector procurement estates strategyThe UK Government has published an update to its Estates Strategy which it claims will build on its successes of the past four years and spell the end for ‘Whitehall Palaces’. The Government Estates Strategy sets out how the administration plans to make the most efficient and cost-effective use of its property. The first strategy document was published in 2013, but the Government had already by then been looking at ways to downsize and improve the operations of its estate. The new document claims to ‘reflect good progress so far and expands on the scope of work, using the estate to provide better integrated public services and to enable economic growth.’  The report also claims that since 2010 departments have shrunk the central Government estate by over two million square metres as civil service numbers have also reduced by 17 percent, saving around £600 million a year in running costs and generating around £1.4 billion in sales of land and buildings.

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New innovatively designed West End office development nearly fully let

by • Company news, News, Property, Workplace design

New Portman Square office development nearly fully let10 Portman Square, an innovatively designed office building based in London’s West End, is nearly fully occupied, following an agreement by Ardagh Glass to lease 10,250 sq ft of office space from British Land. Award-winning architecture and interior design practice Jestico+Whiles led the design of 10 Portman Square, which offers column-free floorplates of 18,500 sq ft, and benefits from natural light on all four sides with views across Portman Square. Ardagh Glass will occupy part of the first floor, to join investment management company Independent Franchise Partners, who agreed terms on the other half of the first floor in July. The building, which provides 113,700 sq ft of Grade A office space over seven floors, is also home to Aspect Capital, Arrowgrass Capital Partners and Aramco Overseas Company. The latest deal brings occupancy across the 2.4 million sq ft West End office portfolio to 96 per cent. (more…)

New London hotspots emerging as affordable office space runs dry

by • Facilities management, News, Property

New London hotspots emerging as affordable office space runs dryFlexible working initiatives such as hot-desking and home working have done little to dampen demand for the right office space, finds Cluttons in its latest London property outlook guide, which reveals very few areas of central London are now able to offer good office space for less than £40/sq ft. Echoing research by JLL earlier this week Cluttons reports that for the third quarter of this year current office letting activity was 17 per cent above the long-term average with more than almost 9m sq ft already acquired this year. Occupiers are showing a taste for larger offices, with a total of 21 transactions so far this year measuring upwards of 50,000 sq ft, accounting for a quarter of the space acquired. This is further eroding the supply pipeline, and is leading areas such as Aldgate and Whitechapel, Bethnal Green in the east, and Vauxhall in the south, to emerge as the next peripheral hotspots for those requiring offices on a more affordable basis.

UK Government urged to do more to support country’s technology sector

by • News, Property, Technology

technology sector

Silicon Fen in Cambridge

The technology sector trade association techUK has published a new report urging politicians and policy makers to acknowledge the UK’s role in the global technology market, create the conditions in which it can thrive and  oversee the roll-out of new digital services across the public sector and beyond. The body, which has more than 850 members employing 500,000, claims that Securing our Digital Future: the techUK manifesto for growth and jobs 2015-2020 offers a blueprint for jobs growth in the tech sector and the chance for the UK to establish a reputation as a world leader in the global digital revolution. The report coincides with the announcement that the UK Government has commissioned a report to explore how Britain can lead the development of the sharing economy based on the success of firms such as Airbnb and Zipcar. Ahead of next year’s General Election, the techUK report calls on the next government to use technology to improve the quality and accessibility of public services, increase productivity and secure a million new jobs.

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Occupiers’ expansion plans fuel demand for Central London office space

by • Facilities management, News, Property

Principal Place office space

Amazon to move to Foster & Partners’ designed development Principal Place

The already intense levels of competition for prime Central London office space look set to increase. New data by JLL reports that leasing figures in the Central London office market are set to top those reached in 2013, with City lettings showing potential to reach over 7 million sq ft for the second year in a row and the West End on track for 3.3 million sq ft by the close of 2014. Strong take-up in these markets, combined with a resurged market in the Docklands, will see Central London take-up figures on track to exceed last year’s total of 11 million sq ft. While consolidation and lease expiries have been main drivers up to now, a buoyant economy means occupiers expansion plans are bringing new requirements to the market. Amazon’s recent decision to take a 400,000 sq ft pre-let at mixed-used development Principal Place at Shoreditch, is an early example of this and it’s expected more occupiers will follow suit.

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RICS Scotland officially opens its new Edinburgh offices

by • Facilities management, News, Property

New HQ for RICS ScotlandRICS new Scottish headquarters were officially opened this week at Edinburgh’s iconic Princes Street by Minister for Local Government and Planning, Derek Mackay, MSP. The new, state of the art offices, located at 125 Princes Street, will also host Planning Aid Scotland, Built Environment Forum Scotland and the Scottish Arbitration Centre, with the idea being to create collaborative built environment hub in the heart of Scotland’s capital city. Explained Sarah Speirs, Director RICS Scotland: “Throughout this process we have been very keen to recognise and utilise the professional skills and expertise of our members, including the talents of our building surveying members, who we have now been working on the design and fit out of our transformational space at 125 Princes Street for the past couple of months.” The new open plan offices, which benefit from views of Princes Street Gardens and Edinburgh Castle were designed using BIM technology as a best practice example for the sector. (more…)

New letting strengthens Cambridge’s growing reputation as a centre of technology

by • Company news, News, Property, Technology

Latest lettings underline Cambridge’s growing reputation as a centre of technologyIn the largest office letting in Cambridge in over a decade, technology developer CSR plc has agreed with The Crown Estate to establish an expanded, 100,000 sq. ft. global HQ at Cambridge Business Park. Further lettings of a combined 11,000 sq. ft., to the multi-national computer technology company, Oracle, and to JDR Cable Systems, means that the 320,000 sq. ft. Business Park is now fully let, with over 2,000 people set to be working on site once these tenants move in. These latest lettings underline Cambridge’s growing reputation as a centre of technology – where its success this sector has even led to it being referred to as the “Silicon Fen”, the UK’s equivalent of California’s Silicon Valley. (more…)

Dubai unveils plans for sustainable ‘Perfect City’ real estate hub

by • Cities, Environment, News, Property

Dubai Perfect CityUndeterred by the seriously stuttering start to existence of Masdar City in Abu Dhabi, the government of Dubai (but of course) has announced plans for what it claims will be the first specialised sustainable city in the world. The plans for the characteristically modestly named ‘Perfect City’ were unveiled this week at the Cityscape 2014 trade show in Dubai and form one of the centrepiece projects of a seven year programme of development masterminded by Dubai Land Development (DLD). Work begins on the project begins next year and is expected to complete in 2021. As with Dubai Media City and Dubai Internet City the idea is to create a sustainable hub for a particular industry, in this case real estate. The plans include a canal, 20,000 trees and the provision that 75 percent of the City will be made up of green space.

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Much anticipated BCO Specification Guide update for 2014 launched

by • Architecture, Facilities management, Knowledge, Property, Workplace design

BCO specification guideThe British Council for Offices (BCO) has launched the much awaited new edition of its Specification Guide. Last updated in 2009, the 2014 issue aims to cement the publication’s position as the ‘definitive guide to office development in the UK’. As well as its traditional subjects of occupier density and building infrastructure and services, the latest edition covers topics such as building information modelling (BIM) rights to light, updates to BREEAM and amended planning law and building regulations as well as topical issues such as the inexorable rise of the ‘coffee shop workplace’ and the provision of cycle parks.  Richard Kauntze, chief executive, claims the revised BCO Specification Guide represents a greater focus on the needs of end users.

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England’s local authorities acting like property developers, claims report

by • Knowledge, News, Property, Public Sector

property developersEngland’s local authorities are responding to the country’s ongoing austerity measures by behaving more like property developers as they seek to redevelop property and land valued at £13.5 billion by 2019, according to a new report from local government think tank Localis in conjunction with developer Cathedral Group. Rather than simply selling off assets, the research claims that councils are increasingly looking to develop property to provide them with revenue streams as a way of shoring up their shrinking budgets. The report claims that the proportion of projects slated for redevelopment is currently a third of all disposals but will make up the majority in five years time. The report has received cross party support and links to other high profile public sector initiatives, especially the One Public Sector Estate scheme. The Cabinet Office recently reported that the UK public sector estate had shrunk by 2 m. sq. ft. since 2010.

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Avanta Serviced Office Group to open Shoreditch business centre at heart of ‘Tech City’

by • News, Property

serviced officeAvanta Serviced Office Group has signed a deal to establish a new business centre in the heart of London’s Tech City at The Eagle, a 27 storey art-deco-style development on City Road, EC1, from Mount Anvil – Central London’s specialist residential-led developer. The centre is set to open on the 1st March 2015. The new centre will provide over 26,000 square feet of flexible office space over two floors, with approximately 400 desks. Set within a mixed-use development comprising retail, affordable accommodation, offices and high-end residential, it is located within TFL’s Zone 1, approximately five minutes’ walk from Old Street Rail and Underground Station, just two stops from Kings Cross.bThis is Avanta’s first site within Tech City, also known as Silicon Roundabout, which is the third largest technology start-up cluster in the world and home to over 15,000 growing businesses.

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