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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Key to successful BIM implementation is collaboration, says RICS

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

Key to success of BIM implementation is collaboration says RICSThe need for collaboration between all the professions working within the built environment was the overriding theme of a free seminar on BIM, hosted by RICS last week, reports RICS’ Schemes and Accreditation Manager Jon Klahn. The event featured speakers from quantity surveying, engineering and architecture, and was designed to help delegates learn more about BIM and RICS’ role in establishing BIM industry standards. Addressing the 80 plus attendees, Dr Anne Kemp FRICS, Director of BIM Strategy and Development at Atkins and Chair of ICE’s BIM Action Group said the various professions can no longer be driven by self-interest. BIM in itself is not the solution. But the change required to make BIM successful will ultimately allow for better construction, better buildings and a better environment. Successful BIM implementation requires a partnership of people, process and technology and for project teams to understand and appreciate each other’s roles as professionals. (more…)

Rate of UK commercial property activity slows to weakest for 15 months

by • Facilities management, News, Property

Growth of commercial property activity slows to weakest for 15 monthsThe UK commercial property sector grew for the 24th consecutive month in August, but at its weakest rate since May 2013. According to the latest Total Commercial Development Activity Index from Savills, which monitors the overall performance of the UK commercial property sector, the rate fell from +27.7% to +11.9% in August, the weakest expansion in 15 months. Commercial work continued to rise in the private and public sectors however, and despite growth slowing substantially in both cases, commercial developers in the UK remained optimistic. Anecdotal evidence linked this to positive expectations of increased public sector activity and client interest in new projects. Although solid overall, the growth of refurbishment activity in August was the least pronounced since May 2013 and following 17 successive months of growth, panellists reported stagnation in office fit-out activity as well. (more…)

The latest issue of Insight is now available to view online

by • Facilities management, Newsletter, Property, Workplace design

2.Insight_twitter_logo smIn the latest edition of the Workplace Insight newsletter available to view online; Colin Watson argues the urban environment is an increasingly important part of the ‘virtual’ workplace; Nigel Sikora describes how we’re learning to strike a better balance between distraction and privacy, between noise and quiet; and Justin Miller bemoans a lack of balance in the way the media wants to expose ‘waste’ in public sector purchasing. In news, why London offers the best returns on office refurbishment of any city in the world; the publication of two reports from the UK’s National Audit Office alleging poor management and a low priority given to the country’s public sector procurement function and we report on a discussion document by the BIM2050 Group on the digital future of the built environment.  We also include a link to the new issue of Work&Place, the journal we publish in partnership with Occupiers Journal.

Overdevelopment leads to bad building design, claim Carbuncle Cup judges

by • Architecture, News, Property

TRINITY_SQUARE_GATESHEAD_7Building Design magazine has announced this year’s winners of its annual Carbuncle Cup competition, which aims to name and shame the UK’s ‘unforgivably bad’ buildings. As well as identifying problems with specific buildings, the judges also raised concerns about the catalysts for poor buildings, especially overdevelopment. The judges this year included Owen Luder, former president of the Royal Institute of British Architects, and Prince Charles’s architectural adviser, Hank Dittmar. While the main prize went to Tesco’s ‘inept, lumpen, arrogant and oppressive’ new supermarket in Woolwich in South East London, and the runners up prize went to the 50 storey residential Vauxhall Tower at St George’s Wharf, the most nominated building following the call for entries earlier this year was the Walkie Talkie skyscraper in London. However this office building was deemed ineligible because it is yet to complete. It now looks a shoe-in for next year’s prize however.

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London ranked the best city to invest in major office refurbishment

by • Facilities management, News, Property, Workplace design

office refurbishmentLondon offers the best returns on office refurbishment of any city in the world, according to a new report from ARCACDIS. The firm’s survey of buildings more than 20 years old in thirteen cities found that returns on capital invested in major refurbs (which extend the life of the office by up to 20 years) in London were nearly ten percent, significantly higher than second placed Warsaw (7.5%) and Milan (6%). However, London was only ranked second for return on investment in minor office refurbishment, defined as a refurbs that aims to extend the life of the building by up to 5 years. Top place in this instance went to Madrid (9.6%), followed by London (8.5%) and Shanghai (7.9%). The least attractive market for office refurbishment was found to be Dubai, which the report claims is due to the large supply of new office space.

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BIM’s impact on future of built environment mapped out by construction experts

by • Architecture, Facilities management, News, Property, Technology

New report by construction group on digital future for built environmentA new report by an influential group of young construction professionals has been published today which illustrates the need for organisations to consider new skills, new processes and develop strategies around emerging technologies that will ensure that the UK stays ahead in embracing the digital construction future. The report by the BIM2050 Group, comprises a compilation of essays authored by BIM2050 work stream leads, and focuses on three key areas; education and skill; technology and process; and the culture of integration. Built Environment 2050: A report on our digital future, highlights the risks and challenges and the opportunities and benefits that come with large scale innovation and game-changing new technologies. Commented Graham Watts OBE, CIC Chief Executive: “It is an important discussion document of ideas and concepts that will, I hope, spark debate in the wider construction community.” (more…)

Lack of regional commercial property could hamper UK growth

by • News, Property

commercial propertyAlthough construction is on an upward trend, the development of commercial property lags behind, and the situation is particularly challenging in the West Midlands. According to JLL and Glenigan’s inaugural Commercial Construction Index, total construction starts by value, year end Q2 of 2014 were 15 per cent down compared to Q2 of 2013 at £2.03 billion. Graham Taylor, director of JLL’s Birmingham Buildings & Construction team, explained that the volume of commercial property being started has not risen substantially since the recession. Birmingham, Leeds and Manchester are already experiencing a shortage of Grade A office space – with much of the shortfall due to a drop in construction activity compared to the early to mid 2000’s. He said: “Rising corporate confidence means that many companies are looking to upgrade their workplaces. The corporate world is increasingly recognising that well-designed modern offices can be a key driver of productivity and staff retention, two major strategic concerns.”

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