Search Results for: economy

July 22, 2013

Green shoots detected for UK regional office rental markets

by Sara Bean • Facilities management, News, Property

There is evidence of improving fortunes for the UK’s regional office markets, latest figures suggest. CBRE has revealed national rental value grew by 1.7 per cent over the second quarter of this year with offices across all UK regions performing well, and none recording a drop in rents. The highest rate of rental growth over the last twelve months, as we reported earlier this month remains that of Central London at 5 per cent (and 1.7 per cent for the last quarter), but a number of the regions outside London and the South East have started to record rental growth for prime offices, whereas until recently the general trend has been down.

July 19, 2013

FMs must overcome engagement barriers to sustainability implementation

by Sara Bean • Environment, Facilities management, News

There is overwhelming support for sustainability to be embedded into business operations, but still some challenges in its successful delivery, according to the 7th annual Sustainability in Facilities Management survey from the British Institute of Facilities Management (BIFM). Of the top five barriers to implementation success, three related to engagement; engagement overall, amongst senior management and middle management. The report also found that many FMs are not targeting the areas of highest priority relating to behaviours or processes which have the highest impact, but tend to focus on technologies. More →

July 16, 2013

Corporate Real Estate executives predict strong global economic outlook

by Sara Bean • Facilities management, News, Property

The global economic outlook is strong for the second half of 2013, while the prospects for corporate growth and expansion are also increasing, according to the views of corporate executives surveyed in June for the new CoreNet Global Confidence Index. Nearly two-thirds (62.5%) rated their outlook on the global economy for the coming six months as optimistic to very optimistic, compared to a year ago. Most (72.4%) reported the likelihood that flexible, open workplace strategies will increase, while space per work setting and/or work settings per supported worker will be reduced.

July 15, 2013

Fall in sickness absence rates, but mental ill health still major cause

by Sara Bean • News, Public Sector, Workplace

Mental health conditions are the single most widespread cause of long-term absence, with more than half (54 per cent) of employers citing non-work related stress, anxiety and depression as a cause of long-term absence. On a more positive note, according to the latest CBI/Pfizer Absence and Workplace Health Survey out today, overall absence from work in the UK has dropped to a new record low. The thirty-year survey found the average absence rate was 5.3 days in 2012, down from 6.5 days in 2010 – saving business £3 billion. However, the report, Fit for Purpose, found overall absences still cost the economy £14 billion a year, according to the ONS. Almost £1.8 billion was lost from an estimated one-in-eight sick days taken for non-genuine reasons, with one in five employers believing employees take “sickies” as an occasional perk. While absence rates in both the public and private sector were down to 6.9 (from 8.1) and 4.9 (from 5.9) days respectively, the report argues more than £1.2 billion a year could be saved if public sector absence levels were brought in line with the private sector average – on top of the £700 million saved from the fall since 2010.

July 12, 2013

The challenge in Silicon Alley is providing the right quantity and quality of office space

by Charles Marks • Comment, Facilities management, Property, Workplace design

News emerges from BNP Paribas that the most dynamic occupiers in Western European property markets belong to the technology, media and telecoms (TMT) sector and that the most important market in the region is London. This comes as no surprise given the plans of Google to move to its new home in King’s Cross and the focus on developments in Tech City. But the same hothousing of TMT businesses is also evident in the area Prime Minister David Cameron has referred to as Silicon Alley, a cluster of businesses running alongside the M4 originally clustered between Reading and Swindon but now extending as far as Bristol. Companies that have found a home in the area include the likes of Cisco, Microsoft, Oracle, Ericsson, Vodafone, O2, Citrix, Dell, Huawei, Lexmark, LG, Novell, Nvidia, Panasonic, SAP and Symantec not to mention the countless other smaller businesses, consultants and freelancers that share this hothouse.

July 11, 2013

Green Building Council Awards recognise European environmental leadership

by Sara Bean • Environment, News, Property, Public Sector

The UK Green Building Council is accepting nominations for the first-ever European Regional Leadership Awards, part of the World Green Building Council Leadership Awards 2013, which recognise international best practice in city-level government policy for green building initiatives. The regional awards are for best practice in green building initiatives, projects, and policies that are supporting healthier and more sustainable communities within the European Region. “The awards promote leadership and inspire governments to replicate best practices in green building policy,” said the WorldGBC’s Chief Executive Officer, Jane Henley. “Buildings represent an unrivalled opportunity to reduce global greenhouse gas emissions, and cities play an increasingly critical role in seizing this opportunity.”

July 9, 2013

New study to investigate effectiveness of UK carbon reduction policies

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

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.

July 9, 2013

First “green-rise” commercial office building announced for Los Angeles

by Sara Bean • Architecture, Environment, News, Property

High-rise buildings tend to evoke a love-hate response, and being green is usually not a strong feature. However a new high-rise is being planned in California which aims to join the handful of tall buildings in North America to achieve the U.S. Green Buildings Council’s LEED Platinum certification. The 37-storey Century City Center will integrate the best new engineering and technological practices and innovations to deliver the first new build LEED Platinum “green-rise” in Los Angeles and Southern California. It promises, say developers JMB Realty Corporation, to effectively create a new benchmark in sustainable performance for the commercial office market in America’s second-largest urban region.

July 8, 2013

BIFM and DWP announce facilities management partnership agreement

by Mark Eltringham • Facilities management, News

The 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’.

July 2, 2013

New Construction Strategy focuses on sustainability and efficiency

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

An industrial strategy for construction – ‘Construction 2025’ is being launched by the Coalition Government today which aims to tap into the considerable growth opportunities predicted for the global construction market. The strategy has been developed in partnership with the new Construction Leadership Council, jointly chaired by Business Secretary Vince Cable and Sir David Higgins, Chief Executive of Network Rail, formed to help oversee the delivery of the action plan and its strategic priorities. The strategy’s vision to 2025 includes ambitions for a 50 per cent reduction in greenhouse gas emissions in the built environment, and an equal reduction in the trade gap between total exports and total imports for construction products and materials. More →

June 28, 2013

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

by Sara Bean • 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 →

June 26, 2013

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

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

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.”