Search Results for: investment

Build upon creative success urges design campaign

techcity07_hr2-300x209

The #includedesign campaign has urged policy makers to revisit proposals to include creative subjects in the English Baccalaureate and build upon the success of initiatives like Tech City. This is the ‘brand’ name for the creative technology community around Shoreditch in east London, with more than 3,000 creative tech firms, employing over 50,000 people. Last December the design industry wrote an open letter to the Secretary of State for Education warning him against the omission of Design & Technology and Art & Design from the EBacc. More →

Workplace transformation strategies are an essential element of CSR

CNGLogo

Adopting 21st-century workplace practices that meet the needs of employers and employees is an important form of Corporate Social Responsibility (CSR), according to a new corporate real estate (CRE) industry advocacy statement by CoreNet Global. The report finds the nature of work is “changing dramatically, transcending the traditional definitions of productivity to include the concepts of enabling work, employee engagement, employee satisfaction and employee wellness, framed around an emerging ‘work-life support’ business model.” More →

Gulf developments are talking the big numbers

Following the announcement at the end of last year from the ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, that the emirate was to build what it called a new city within its borders, the Government of neighbouring Abu Dhabi has announced that it plans to spend around £56bn on capital projects over the next five years as it seeks to restructure its economy to reduce its reliance on the oil and gas industry. Abu Dhabi is the largest emirate state and its investment marks a significant shift in the economic focus of the region.  More →

JLL’s CEO new Chairman of the UK Green Building Council

Jones Lang LaSalle’s Andrew Gould has succeeded Dan Labbad, Group CEO of Lend Lease, as Chairman of the UK Green Building Council. He takes up the position at a time when business leaders are increasingly focused on the need to show leadership on climate change and recognise the opportunities for green growth in the UK. The UK Green Building Council is an industry-led campaign group, part of a global network of Councils that are active in over 90 countries worldwide. More →

CPA: UK construction activity will fall in 2013

The UK’s Construction Products Association (CPA) has today reported that it expects overall construction activity in the UK to fall by around 2 per cent this year, with most of the decline attributed to a greater than 5 per cent drop in commercial projects. Particularly concerning is the fact that the Government’s austerity measures with regard to public sector investment have not been offset by an increase in private sector activity. However these figures still represent an improvement on the 9 per cent fall of 2011.  More →

Goldman Sachs submits plans for troubled European HQ

Following recent reports that a growing number of firms were locating in the burgeoning creative centres of East London,investment bank Goldman Sachs has finally submitted plans for the 1.2m sq ft nine storey headquarters building KPF in Farringdon Street. The KPF-designed development will replace two existing buildings – the 13 storey Fleet Building and adjacent Plumtree Court which Goldman Sachs acquired in 2011.

More →

Global sustainable real estate securities fund announced

A global sustainable property fund that invests in Real Estate Investment Trusts (REIT) and other publicly traded property companies that meet environmental and social sustainability criteria, has been launched by US real estate investment firm European Investors Incorporated (EII). The focus will be primarily on global equities of companies involved in the ownership, management, development and financing of commercial and residential properties that strive to meet sustainability requirements.
More →

Coalition’s mid-term review given green thumbs down

screen-grab-MTR2

The government may have reiterated its commitment to the green agenda in its Mid Term Review, which was published this week, but green groups remain resolutely unimpressed by its overall environmental record. Summarising the Coalition’s green initiatives so far, including the trebling of support for low carbon energy up to 2020 and the encouragement of green investments through the Green Investment Bank, the review stated: “We promised to be the greenest government ever, and we will fulfil that commitment.” More →

Appetite for long leases presents challenges

The news from the weekend that Axa Real Estate is looking to raise around £1bn  to invest in buildings with very long leases has resparked the debate into what sort of lease represents the best value for investors and tenants in these uncertain times. The new fund will target commercial properties with minimum twenty year leases even though investors have to pay a premium for such properties and the majority of occupiers don’t want them. More →

Regional slump responsible for overall UK property fall

Canary-Wharf_1

The New Year starts with news from Chicago based property broker Jones Lang LaSalle that investors spent some £ 30 billion on  income generating property in the U.K. during 2012, about 9 percent less than in 2011. However there was a marked disparity between the London market and the rest of the UK. London deals totaled £18 billion in 2012, the highest figure for four years, while purchases outside the capital reached 12 billion pounds, the lowest amount over the same period. More →

Commercial property deals on the rise in Yorkshire

Investors have almost doubled the value of commercial property transactions in Yorkshire, according to property consultants Lambert Smith Hampton.However, the level of deals is still slightly below the level at the same time last year. LSH says the total value of Yorkshire investment deals in the third quarter of 2012 rose to £303 million from £172 million in the previous quarter, but was below the £306.5 million total for the third quarter of 2011.

More →