Search Results for: investment

New joint venture formed to capitalise on booming London Office market

by • Company news, News, Property

 New joint venture formed to capitalise on thriving London Office market

A 50:50 joint venture partnership to capitalise on the thriving London office market has been formed by Hermes Real Estate Investment Management Ltd and Canada Pension Plan Investment Board. CPPIB is investing £173.9 million to acquire a 50 per cent interest from Hermes’ BT Pension Scheme’s (BTPS) existing portfolio, which comprises 550,000 sq ft of high quality offices, retail and ancillary accommodation, primarily located in London’s West End. Graeme Eadie, Senior Vice-President and Head of Real Estate Investments for CPPIB, said: “We are pleased to be partnering with BTPS and Hermes on this unique opportunity to invest in a high quality, well-diversified portfolio of office properties in prime Central London locations.”

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New study to investigate effectiveness of UK carbon reduction policies

by • Environment, Facilities management, Knowledge, Legal news, News

carbon-dioxide-molecule-Deloitte has been commissioned by the Green Construction Board and the Green Property Alliance to carry out a study into the effectiveness of the UK Government’s policies for carbon reduction as the it seeks to meet its commitment  to reduce the country’s carbon emissions by 80 percent by 2050. Inevitably buildings, which reportedly are the largest source of CO2 including some 17 percent from non-domestic property, have been targeted to make significant contributions. With the much vaunted Green Deal in the news for all the wrong reasons – either because of its low take-up as well as new fears that it could lead to homes overheating –  the survey will gauge how policies aimed specifically at commercial property such as Energy Performance Certificates and the Carbon Reduction Commitment have fared in spite of their own difficult gestations.

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BIFM and DWP announce facilities management partnership agreement

by • Facilities management, News

LinkThe British Institute of Facilities Management (BIFM) is building on its recent track record of building new alliances with the announcement that it has signed a partnership agreement with the Department for Work and Pensions (DWP). The partners claim the new agreement will see the BIFM and DWP working in unison to support future growth in the facilities and workplace management sector.  The agreement was signed at the end of last week by Mark Hoban MP, Minister of State for Employment, Gareth Tancred, CEO of BIFM and Martin Brown, Work Services Director for Wales and Employers, Department for Work and Pensions. The joint statement from the BIFM and DWP claims that the partnership agreement will drive ‘a shared agenda on increasing routes into and raising skills and professionalism of all those working in the facilities and workplace management industry’.

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Wellness in Real Estate resolution passed for U.S. built environment

by • Architecture, Environment, News, Workplace design

The influential U.S. Conference of Mayors (USCM) has voted unanimously to pass a Wellness in Real Estate Resolution which commits to promoting buildings that “use a combination of criteria and features that will enhance the well-being of occupants and address growing preventable health concerns and costs.” The resolution is one of ten new sustainability resolutions for the U.S. built environment commended by the American Institute of Architects (AIA) and the U.S. Green Building Council (USGBC), which praised the USCM for “showing courage and leadership by embracing a strong sustainability and green building policy agenda”. (more…)

Designs unveiled for new Google London headquarters in King’s Cross

by • Architecture, News, Property, Workplace design

Detailed plans have been submitted for the design of the new Google London headquarters building in King’s Cross. The 1 million sq. ft scheme designed by architects Allford Hall Monaghan Morris does not exceed 11 storeys at any point and will be home to up to 4,500 employees, double the company’s current London workforce and potentially making it the largest Google operation outside of New York.  The scheme is part of a wider development of Kings Cross and will incorporate 750,000 sq. ft. of office space with 50,000 sq. ft. of shops and cafes.  Current employees will relocate from three existing buildings in the capital.  Subject to approval for the detailed design from Camden Council, who have already granted planning permission,  work will begin on the site next year with completion set for 2016-2017.

Google is evidently keen to emphasise its investment in the UK, following weeks of criticism of its tax affairs from the media and politicians. Dan Cobley, Google UK’s managing director, in announcing the details of the development said: ‘Building our new headquarters in King’s Cross is good for Google and good for London.’ Certainly the deal is one of the biggest in recent years in the UK property industry, worth around £650 million and is expected by the developers to create 1,500 construction jobs and 35,000 new employment opportunities over all.

Some of the more interesting aspects of the proposed design are:

  • The primary way for workers to move between floors will be stairs rather than lifts as the firm looks to challenge the sedentary workstyles of staff. No news yet on any wretched slides.
  • The building is designed as a ‘groundscraper’ eschewing London’s recent trend for tall buildings, but is larger than the Shard at 1,083 ft long compared with the Shard’s 1,016 ft height.
  • Over two thirds (71 percent) of the office space are designated for workstations with the remainder set aside for meeting and breakout spaces, cafes and lobbies. Nearly half of the roof of the building will be landscaped.
  • The intention is to achieve a BREEAM outstanding accreditation.
  • The architects claims the design is inspired by the Victorian industrial heritage of the area and will act as a theatre in which the drama of Google’s business will unfold, but with stage settings that can change quickly and easily.

Commenting on the development, Simon Allford, of Allford Hall Monaghan Morris, said: ‘This building is underpinned by cutting edge design intelligence and technologies to provide a sophisticated twenty first century working environment for Google’s staff. The architectural approach, which has taken inspiration from King’s Cross and St Pancras International railway stations, complements the local area’s strong industrial heritage and will be a building London can be proud of.’

Govt incentives needed to promote energy efficiency for non-residential buildings

by • Environment, Facilities management, News, Public Sector

Energy efficiency for built environment needs incentives to work Govt warned

The Government should conduct a comprehensive assessment of non-residential low-carbon policies to ensure they work effectively said the Committee on Climate Change (CCC) in its latest annual progress report to Parliament today. Progress in implementing some of the measures required to meet carbon budgets was limited in 2012, it warned, while the simplification of the CRC energy efficiency scheme beyond the CCC’s original recommendations has further eroded the incentives to improve energy efficiency it set out to provide. John Alker, Director of Policy and Communications at the UK Green Building Council, said: “Just one day before the release of official statistics on the Green Deal, the CCC’s report is a timely reminder that the Coalition’s flagship energy efficiency policy needs to be further incentivised to encourage take-up.”

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“Time-bomb” of British workers unhealthy and old before their time

by • Knowledge, News, Workplace

"Time-bomb" of British workers unhealthy and old before their time

Bad lifestyle choices are shaving over four years off British employee’s lives, leaving them unhealthy and old before their time and creating a “time-bomb” for UK employers. According to the wellness survey of 10,000 employees in the UK, 86 per cent of British workers have an average Vitality (health) Age of 4.1 years older than their real age due to unhealthy lifestyles. Vitality Age gives an estimate of years of life lost or gained by taking into consideration the presence or absence of certain risk factors. Nearly a third (31.2 per cent) of employees have three or more risk factors, putting them at serious risk of ill health, and the biggest contributing factors for a higher Vitality Age are lack of physical activity and being overweight.

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Employers struggling to recruit the right talent finds survey

by • Knowledge, News, Workplace

Employers struggling to recruit the right talent

Employers are having to work harder than ever to find the right talent to fill vacancies, with the proportion of employers reporting an increase in competition for well-qualified talent increasing threefold from 20 per cent in 2009 to 62 per cent in 2013. The annual CIPD/Hays Resourcing and Talent Planning Survey 2013, which examines resourcing and talent planning strategies across private, public and voluntary sector organisations, reveals that six in ten organisations had experienced difficulties filling vacancies in the past year, and although more than half of organisations report that they make use of social media in resourcing, just two fifths have a dedicated strategy. (more…)

It’s sunny side up for office furniture designs at this year’s Neocon

by • Comment, Events, Facilities management, Flooring, Furniture, Products, Workplace design

Landing “sunny side up” in Chicago is always a pleasure. While we’re here for work, the city has so many additional benefits for the seasoned international business traveller including a deep-rooted jazz culture, a beach, restaurant service to die for and – the reason we were there in the first place – the Neocon expo, amongst other things an exhibition of the finest new American and international office furniture trends which takes place every year at the enormous Merchandise Mart in the centre of Chicago (above). Quite a lot “snapped my celery” this year, and while, under normal circumstances I find the Milan furniture fair is the front-runner in terms of defining trends while the rest of the world slowly catches up, This year it was refreshing to see Neocon marking those trends right on the button.

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The three Rs of the RIBA Awards winners – risk, reticence, recession

by • News

Risk, reticence and recession are the 3 Rs  that leap out from the education dominated RIBA awards winners. The premise being that only a really bold architect would design something daring at a time of economic constraint. However, given what vanity has been displayed in recent years one would have supposed that boldness would not have been in short supply. It is the reality that falls some way short. A largely egg- and shoe-box inspired collection with windows best described as minimalist, the common theme is seemingly one of modesty. Even the big public projects seem derivative and cautious. Images of the visitor centre for the Giants Causeway (above) in Ireland suggest an attractive scheme but bring to mind Stonehenge, another early attempt at brutalist monolithic human construction with a spiritual dimension. Unless I’m missing something.

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British Land on track to meet targets on green building efficiency

by • Company news, Environment, Facilities management, News, Property

British Land on track to meet sustainability targets

British Land says it is on track to meet many of its 2015 targets on managing buildings efficiently, developing sustainable buildings and reducing carbon emissions. In its Corporate Responsibility Report for 2013, the real estate investment trust, which owns and manages a portfolio of commercial property worth £16.4 billion reiterates its commitment to sustainable property management: “There are increasing indications to support our view that sustainability, and particularly energy efficiency, grow income and grow value in the longer term. We are convinced this will be proven over time. Green buildings are also less at risk of obsolescence, thus further protecting and growing capital value over the medium to long term.” (more…)

The future of retail – High Street Bladerunners and Apple in Wonderland

by • Comment, Facilities management, Technology, Workplace design

AT&T Flagship Chicago

AT&T’s flagship Chicago store

I was going to write this week on the manifesto from MANTOWNHUMAN – subtitled “TOWARDS A NEW HUMANISM IN ARCHITECTURE” but frankly the dystopian visions it conjured up drove such a bulldozer through any human sensibility as to prove thoroughly depressing. You can find it here if you’re that way inclined. I’d be interested in your views. Instead I’m following up on a faintly hagiographic article in Adweek which recently hailed a new frontier in physical retail spaces, building on the success of Apple’s uber-cool high street playgrounds for bored teenagers and husbands. The store in question and an example of what many are hailing as the future of retail is AT&T’s new flagship on the self-styled Magnificent Mile in Chicago.

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