March 28, 2023

MIPIM 2023 confirms that green sells. But is commercial real estate buying?

by Anna King • Comment, Environment, Property

MIPIM may have returned last year, but 2023 was the year it felt back. That was despite widespread concerns over the rising costs of refinancing and a banking crisis that started with the collapse of Silicon Valley Bank in the US and quickly moved to Europe, with Swiss financial regulators beginning to put together during MIPIM week the deal that would see UBS buy Credit Suisse in an emergency rescue. More →

March 27, 2023

The five ages of the office and the man who shaped the way we talk about them

by Rob Harris • Features, Flexible working, Workplace design

The office has passed through five ages. The ‘coffee houses’ of the 17th century, yielded to the ‘clerical factories’ of the 19th as machines revolutionised work. After the Second World War, the ‘corporate offices’ of global corporations and William Whyte’s Organization Man dominated the scene. Following the launch of IBM’s PC in the early-1980s, we saw the rise of ‘digital offices’ in the 1990s, complete with internet, email and social media. And for the past few years we have been moving inexorably towards the latest age: ‘network offices’. Each age was shorter than its predecessor: both the digital and network ages began less than a career span ago. More →

March 24, 2023

Company culture is one of the hardest but most valuable things to get right after a merger

by Siobhan Byrnes • Business, Comment

Like never before, 2021 saw record-breaking levels of mergers and acquisitions (M&A) activity globally, a trend that continued into 2022 until a challenging macroeconomic landscape resulted in a sharp decline in activity. This was mainly because businesses waited to see what the coming months would bring. Whilst experts believe that M&A activity won’t return to levels seen in 2021, they do expect an increase as markets adapt, recover, and look for ways to increase profit. And that has major consequences for company culture, which is so important to get right in the mergers and acquisition process. More →

March 21, 2023

Robots will improve your wellbeing – as long as they look cute

by Neil Franklin • News, Technology, Wellbeing

Robots can be useful as mental wellbeing coaches in the workplace – but perception of their effectiveness depends in large part on what the robot looks like. That is according to researchers from the University of Cambridge who conducted a study of a tech consultancy firm using two robot wellbeing coaches. In the study, 26 employees participated in weekly robot-led wellbeing sessions for four weeks. Although the robots had identical voices, facial expressions, and scripts for the sessions, the physical appearance of the robot affected how participants interacted with it. More →

March 15, 2023

Only one in eight office occupiers think their property aligns with their business objectives

by Jayne Smith • Facilities management, News, Property

Only around 14 percent of office occupiers believe their existing workspace portfolios align completely with their business objectives, according to a new report on the future of the office by the Urban Land Institute and The Instant Group. The ‘state of flux’ identified in the report suggests that while the office is ‘here to stay’, the sector is bracing itself for a profound shift. Two thirds (62 percent) of office landlords expect a decrease in capital values with the current valuation model and less than 2 percent of asset owners feel they have the required capex to respond to occupier and ESG legislation-related requirements. More →

March 15, 2023

Office market continues to fail on environmental standards …. say landlords

by Neil Franklin • Environment, News, Property

A new survey that explores the state of sustainability within the UK office market, jointly commissioned by infinitSpace and The Instant Group, claims that the office market is falling behind on environmental policies. The poll of 250 landlords suggests that almost half (47 percent) of landlords believe the office market is lagging behind other areas of the property sector in implementing/adopting environmental policies. The same number say they can’t ‘go it alone’ with 47 percent of landlords agreeing they need help in shaping environmental policies. At the same time, 84 percent of landlords report a vacancy rate of 30 percent and above as average among their office building portfolio. More →

March 9, 2023

More than one in three Americans fear artificial intelligence could take their jobs

by Neil Franklin • News, Technology

A survey of 3,000 employees across the United States has shed light on the extent to which workers are concerned about the growth of artificial intelligence (AI) and its impact on their job security. The research, carried out by FreelanceWritingJobs.com, claims that just over 1 in 3 (35 percent) Americans are worried about the possibility of AI making their professions redundant. More →

March 8, 2023

Planon acquires Real Estate software company control.IT

by Freddie Steele • Company news

Planon has announced its acquisition of control.IT Unternehmensberatung GmbH, a software company specialising in real estate (RE) asset and portfolio management in the DACH region with its SaaS products bison.box and CollaborationApp. The acquisition also includes control.IT subsidiaries easol GmbH and Synapplix GmbH. Based in Bremen, control.IT has supported the German real estate sector for more than 27 years, servicing users across the world. Its products and technological expertise are complementary to those of Planon and its subsidiaries Reasult and COOR. control.IT’s bison.box software suite supports more than 100 companies with more than 5,000 users managing approx. EUR 600 billion of assets worldwide. More →

March 6, 2023

Less than a third of businesses know how energy efficient their office is

by Neil Franklin • Environment, Facilities management, News

A surprisingly high proportion of UK businesses are unaware of new environmental legislation concerning the energy efficiency of their buildings, or even how energy efficient they are in the first place, according to a new survey commissioned by Irwin Mitchell: Redefining the Office – A report on office occupier trends in 2023. The new Minimum Energy Efficiency Standards (MEES) legislation means that from 1st April 2023, property owners must not continue to let properties that have an EPC rating of F or G (unless they have an exemption) and all let properties will need to have a minimum EPC rating of E. More →

March 2, 2023

Best of NeoCon 2023 awards submissions are now open

by Freddie Steele • Company news, Events

The organisers of NeoCon have announced that the submissions portal for the 2023 edition of the Best of NeoCon competition is now open. A NeoCon tradition since 1990, the competition garners hundreds of product entries each year as exhibitors vie for one of the Best of NeoCon awards. Now in its 33rd year, the program will recognise the best new products in 56 categories spanning a range of verticals including workplace, healthcare, hospitality, and education sectors. New for 2023, entries will be considered for a Business Impact Award, in addition to honours for Gold, Silver, Innovation, Sustainability, and the Best of Competition. More →

March 1, 2023

Employers prioritising long term return on investment in recruitment

by Jayne Smith • News, Workplace

Following the ‘hiring frenzy’ of the pandemic, recruitment strategies are focused on total value creation by empowering their teams to learn, grow and be ready for any contingency, according to the 2023 Talent Trends Report from Randstad. The poll of over 900 C-suite and HR leaders in 18 markets focussed on their talent and career development priorities for the year ahead. Now in its 8th year, this year’s report claims that despite an uncertain economic environment, business leaders are focused on driving long-term value and business impact by increasing talent engagement, satisfaction, productivity, and retention, following the ‘hiring frenzy’ of the last two years. More →

February 20, 2023

Unlocking the digital frontier: hiring the next generation of tech talent

by Freddie Steele • Company news, Workplace

Any business that is looking to grow its consumer base or expand into new markets is likely to be relying on digital technology to a greater extent than ever before both in their operations and management. This also means that the world of employment, both for workers and enterprises, is necessarily evolving too. An inevitable consequence of this evolution has been that those for whom technology has been an essential part of their life and education — so-called digital natives — are in growing demand. More →