Search Results for: development

February 19, 2014

Employment is on the rise but pay not matching the rate of inflation

The latest labour market statistics shows employment has continued to rise, but at a slower rate than seen last month. However, at 67.2 per cent, record-breaking numbers of women are now in work, the highest since records began. The figures published today by the Office for National Statistics (ONS) show the employment rate in the three months to December 2013 rose to 72.1 per cent, lower than the previous three months and with just a small rise in total pay of 1.1 per cent. This slower pace of growth in employment and pay is reflected in the latest CIPD/ SuccessFactors quarterly Labour Market Outlook survey, which reveals that, although recruitment intentions remain positive, the rate of increase has slowed significantly and the vast majority of organisations expect to give pay awards below the current rate of inflation. More →

February 19, 2014

London’s West End retains position as world’s most expensive office location

by Mark Eltringham • News, Property

World’s most expensive location

For the second year running, the most expensive office space in the world is to be found in London’s West End, according to the latest edition of Cushman & Wakefield’s annual Office Space Across the World report. Rents rose by 5 percent in the area, driven largely by an ongoing mismatch between demand for high grade space and its supply, as we have previously reported. Worldwide, office rents rose by 3 percent in 2013, with certain high growth regions such as Africa and the Middle East experiencing an increase in rents of as much as 10 percent in specific locations. Hong Kong was the second most expensive location according to the survey while the central business district of Moscow rose to third place, up from sixth in the previous survey.

February 18, 2014

Innovative new work space planned for the home of Dave

by Sara Bean • Company news, Facilities management, Property

The media company which counts Dave, Yesterday and Gold amongst its ten channels has announced its intention to move its 250 staff from its Hammersmith Road location to a ground-breaking new London headquarters by July this year. UKTV has signed a lease for 32,500 sq. ft. of an ecologically-recognised development at 10 Hammersmith Grove, London, and plans to work collaboratively with interior design and architecture studios PENSON to create a new headquarters that is inspirational, distinctive and “built for innovation”. The building itself is highly sustainable: one of the first in London to be entirely lit by LED lights and powered by solar panels and over the three floors of the development, there will be sociable working spaces, a café-bar and outdoor terrace, studio facilities and a screening room. More →

February 18, 2014

UK workers exhibit split personalities when it comes to energy management

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

A new survey has highlighted the disparity between how energy (and hence money) conscious British people are in their domestic and working lives. According to research carried out by Rexel UK we exhibit a ‘split personality’ when it comes to the ways in which we use energy. Just under half (48 percent) of those surveyed describe themselves as energy conscious at home, whereas only a fifth (20 percent) would say the same about themselves in the workplace. Over a third (70 percent) say that they are concerned about wasting energy at home, whilst only two-fifths (43 percent) worry about wasting energy at work. In addition people are actively choosing to charge electronic devices at work in preference to home and, while nearly all turn the lights off at home (93 percent), only 60 percent do so in the office.

February 13, 2014

Fin solution for Walkie Scorchie melting problem submitted by developers

by Sara Bean • Architecture, News, Property

The 37-storey tower at 20 Fenchurch Street – dubbed the Walkie Scorchie last summer, after its sloped design was found to be melting cars in the area, will be fitted with a brise soleil shading system to stop it reflecting damaging sun rays reports the Construction Enquirer. Joint development partners Land Securities and Canary Wharf Group have just submitted a planning application to the City of London to fit horizontal light diffusing aluminium fins from the third floor to the 34th floor on the south-facing façade. The fins have been designed by the building’s architect Rafael Vinoly Architects alongside solar glare experts Loisos + Ubbelohde. Once planning consent is granted, the refit project, expected to cost less than £10m, should take around six months to complete.

February 13, 2014

New BIFM professional standards give FMs yet more career choices

by Sara Bean • Facilities management, News

Unlike HR, which is wholly represented by the CIPD, FM continues to offer a choice of professional bodies. RICS boasts it is the only one that gives FMs the opportunity to achieve Chartered Status, something which the British Institute of Facilities Management (BIFM) is yet to offer. The BIFM has now announced the launch of a set of standards to “form a global competence model for the profession”. The Facilities Management Professional Standards its says, can be used to benchmark skills, knowledge and competence for those working at all levels in the FM profession. While RICS positions itself as the preferred route for a strategic facilities management career, the BIFM competences are intended to define each level in an FM’s career, from a support role through to a strategic role. FMs then, are still faced with the choice, to follow one or both organisations. More →

February 13, 2014

No pay rise for a while? Get used to it, says the CIPD

by Mark Eltringham • News, Workplace

The Chartered Institiute of Personnel and Development has today released a report analysing the most sustained and severe fall in real wages since at least the Second World War, and warns that the decline will not be reversed until there is a substantial improvement in the UK’s productivity. The report is accompanied by new survey data showing many employees expect pay rises in 2014 to be below inflation – a repeat of their experience in 2013. ‘Have we seen the end of the pay rise?‘, which is the third in a series of four Megatrends surveys exploring the future of work and the economic challenges which lie ahead, examines the effects of average weekly earnings that are now between 7.8 percent and 10.2 percent lower in real terms than they were five years ago, in January 2009, leading to a sustained squeeze on household finances.

February 11, 2014

Mental illness costs the UK economy £70 billion each year, claims OECD

by Mark Eltringham • Knowledge, News, Workplace

According to a new report from the Organisation for Economic Co-operation and Development (OECD), issues related to mental health cost the UK around £70bn every year in lost productivity, benefit payments and spending on healthcare. The OECD’s Mental Health and Work report is an international initiative which has already produced reports over the last year exploring related issues in Belgium, Denmark, Norway, Sweden, Switzerland and now the UK. Forthcoming reports are due later this year for Australia, Austria and the Netherlands. The new UK report calls for employers to adopt better policies and practices to help people cope with mental health issues.

February 10, 2014

Architects should accept that other people do have a right to an opinion

by Mark Eltringham • Architecture, Comment, Facilities management

All professions tend to wallow in a mire of their own existential angst, perpetually complaining that they are misunderstood, undervalued and misrepresented. But any members of the human resources, facilities management or other professions which come across as habitually concerned about their role, public image, direction or esteem in which they are held might want to contrast their situation with that of the UK’s architects. This is a profession that wrestles not only with the common professional gripes, but also with what it perceives as a fall from public grace coupled with falling fees and complete disdain for what muggles – non-architectural folk – think. And all in a country in which literally anybody is allowed to design buildings.

February 4, 2014

Oil and gas firm moves in as regeneration of London’s Victoria area continues

by Sara Bean • Company news, Property

The regeneration of London’s Victoria area continues with the news that Land Securities has let a further 18,000 sq ft at its 123 Victoria Street SW1 development. Oil and gas exploration company Ophir Energy PLC is relocating from its Mayfair headquarters to join existing tenants such as US software company Intuit, CDC Group, CPA Global and Jimmy Choo. This latest letting means 123 Victoria Street is now 93 per cent let with just 17,000 sq ft still available. Kaela Fenn-Smith, Head of Leasing at Land Securities, said: “We are delighted to welcome Ophir Energy to 123 Victoria Street. Their decision to move from Mayfair and choose Victoria as their new home reflects the area’s ever-increasing reputation as a vibrant destination for forward-thinking companies.” More →

January 31, 2014

Economic recovery may be constrained by lack of skills and office space

by Mark Eltringham • Property, Technology, Workplace

There are signs that the nascent recovery in the UK economy is already starting to put pressure on the availability of skilled employees and appropriate commercial property for the most rapidly growing sectors. While the Government has announced that the UK’s economy has been growing at its fastest rate since 2007, a new survey published by the UK Commission for Employment and Skills (UKCES ) has claimed that nearly a quarter of vacancies in the UK have gone unfilled because of a shortage of much-needed skills. At the same time, claims a new report from DTZ, demand for commercial property is strengthening with take-up growing across the country while the availability of Grade A office space is declining rapidly.

January 28, 2014

International serviced office provider in first single floor letting for ‘Cheesegrater’

by Sara Bean • Company news, News, Property

British Land and Oxford Properties have announced the Leadenhall Building in the City of London – known as the ‘Cheesegrater’ due to its distinctive tapered profile – has been let to serviced office business Servcorp. The Sydney-based firm already provides businesses with flexible space in some of the world’s most famous buildings, including The Seagram Building, Park Avenue, New York, IFC 2 Hong Kong, Trust Tower Marunouchi, Tokyo and Emirates Towers, Dubai. This, the first single floor letting in the building, is on the 30th floor, which provides 11,851 sq ft of space. Because of the building’s design, floorplates range from 21,000 sq ft on level 5 to 6,200 sq ft on the top floor (level 45). More →