Search Results for: development

January 24, 2014

Fewer projects put on hold as construction sector recovery continues

In the week the ONS announced the UK unemployment rate has dropped to 7.1 per cent, comes more evidence of the recovery from the built environment. Figures released by construction industry analysts Glenigan have revealed that the value of UK projects put on hold during 2013 was the lowest since the start of the recession in 2008. In total, £12 billion of potential projects were put on hold last year, compared to £47 billion in 2012 and a peak of £80 billion in 2009. According to Glenigan economist Tom Crane, the value of stalled projects have been falling since 2009, but the latest figure shows the continuation of an encouraging trend, with a 16 per cent fall in the value of underlying projects. More →

January 23, 2014

UK commercial property investment in 2013 hits a six year high

by Mark Eltringham • News, Property

Last year marked a six year high in commercial property investment across the UK according to a new report from property information providers CoStar, driven by increases in regional markets and a sharp upturn of interest in Central London from overseas investors. A total of £52.7 billion of transactions was completed across the UK in 2013, albeit that two-thirds of investments were made in London and the South East of England. It was also a year for record breaking deals, notably the Broadgate office development in the City (above) and More London on the South Bank, each of which were valued at £1.7 billion. London was particularly attractive for Asian investors who CoStar claim see it as a safe haven and invested £9.2bn, up 80.6 percent on 2012.

January 22, 2014

Land Securities to submit application for solution to Walkie Talkie solar glare problem

by Sara Bean • Company news, Facilities management, Property

Land Securities has confirmed it will submit a planning application next month for the solution to the solar glare problem at the ‘Walkie Talkie.’ Last year the skyscraper at 20 Fenchurch EC3 was dubbed the ‘Walkie Scorchie’, after it was found its unusual design was reflecting and magnifying the sun’s rays, which were melting parts of vehicles parked in nearby streets. According to the developer, despite its problems, the building is now 64 per cent pre-let, with a further 23 per cent in solicitors’ hands, and just 42,700 sq feet of space remaining. Land Securities has also announced, that due to increased demand for London office space it is to launch two new central London developments. More →

January 22, 2014

Plans submitted for 19 storey tower in Manchester business district

by Mark Eltringham • News, Property

Developers have submitted plans for the development of a new tower on the site of an existing office building in Manchester city centre. Allied London is looking to create a new 19 storey office in Spinningfields, the city’s troubled £1.5 billion business district which ran into development problems at the height of the recession between 2007 and 2010. The new building a will offer over 340,000 sq. ft. of office space and is designed by Ian Simpson Architects who were responsible for the design of the Beetham Tower. The ground floor is also likely to incorporate retail outlets, cafes and restaurants. A final decision on the application from the local authority is due in April. Quay House, the current building on the site, is argued by the developer to be under-occupied and outdated.

January 20, 2014

Largest single office floor plate unveiled in Leeds as demand for space increases

by Sara Bean • Company news, News, Property

The largest single office floor plate currently available in Leeds city centre has been unveiled, following the completion of a £1million refurbishment programme at one of the city’s landmark office schemes. The NFU Mutual insurance firm, which owns No 1 Whitehall Riverside, has refurbished 34,000 sq ft of space within the building to transform the 4th and 5th floors. In a first for the Leeds office market, 100 per cent LED lighting has been installed on both floors, to provide low maintenance, good quality lighting which will reduce CO2 emissions for future occupiers. Joint letting agents Jones Lang LaSalle and DTZ say that the building, which provides 127,731 sq ft of office accommodation over eight floors, helps to meet increasing demand for quality office space in the centre of Leeds. More →

January 16, 2014

BIM learning opportunities expand in new RICS and Salford University agreement

by Sara Bean • Architecture, Facilities management, News, Property, Technology

A distance learning version of a Certificate in BIM Implementation and Management, available online to professionals across the world is being offered by the University of Salford’s School of the Built Environment. The Certificate is designed to offer those working within the built environment the fundamental knowledge and understanding of BIM principles, terminologies, tools and techniques, including the technology, process and people needs for the successful adoption of BIM on construction projects. A range of new Continuous Professional Development programmes have been agreed with the Royal Institution of Chartered Surveyors (RICS), which includes a one-day Introduction to BIM Implementation and Management and a five-day Certificate in BIM Implementation and Management. More →

January 13, 2014

Retaining valuable employees is top global priority for CEOS this year

by Sara Bean • News, Workplace

The number one priority of business leaders worldwide this year is how best to develop, engage, manage, and retain existing talent. This worker-centric approach means that employee engagement and better management will take centre stage as the way to improve competitiveness, win new customers and raise productivity. According to new research from The Conference Board and UK partner CMI (Chartered Management Institute), CEOs will concentrate on creating a strong internal talent pipeline rather than seeking to recruit externally, with nine out of the top 10 global Human Capital strategies focused on current employees, including providing training and development, raising employee engagement and increasing efforts to retain critical talent. Other closely linked priorities identified in the CEO Challenge 2014 are customer relationships, innovation, operational excellence, and corporate brand and reputation. More →

January 8, 2014

CBI to embrace open plan working at new London HQ

by Sara Bean • Architecture, Facilities management, News, Workplace design

The CBI is to move its headquarters to new offices in Cannon Street, London, after more than 30 years at its present Centre Point home, which is to be converted into apartments. Staff at the UK’s leading business organisation will make the switch from the multi floor office layouts of the 1960s built tower to an open plan 25,000 sq ft space when they move into the fourth floor of the eight-floored Cannon Place development in the spring. The CBI director-general, John Cridland, said he was looking forward to the move to the new offices, on which the organisation has signed a 15-year lease and invited its members to make use of a dedicated member’s lounge at the new London HQ to meet their clients and CBI staff. More →

January 6, 2014

New SkyCycle route proposed to ease Capital’s transport network congestion

by Sara Bean • Architecture, Environment, News, Property

Demand for London-based workplaces is increasing, but the capital’s transport network is at capacity and ill equipped for a predicted population growth of 12 per cent over the next decade. Despite the Mayor’s efforts to encourage more cycling in the capital, a recent series of accidents has raised concerns about its safety. Architects Foster + Partners together with Exterior Architecture and urban planners Space Syntax have come up with a proposed solution, the SkyCycle network. This consists of a wide, secure deck constructed above the existing suburban railway corridors, to provide over 220 kilometres of safe, car free cycle routes which can be accessed at over 200 entrance points. Each route can accommodate 12,000 cyclists per hour and will improve journey times by up to 29 minutes. More →

December 12, 2013

The creative talent in the UK’s regions (other than London) is quietly thriving

by Charles Marks • Comment, Property, Technology, Workplace

We can now be very confident that the UK economy is on an enduring upward path. We can also be sure that the UK that emerges from five years of recession will be very different to the one that entered it. And on that score things look pretty promising too, because we have the skills and talent needed in some of the world’s most in-demand sectors such as digital media, banking, software development, telecoms and publishing. In fact a recent report from Deloitte says that London employs more people in these and similar knowledge-based sectors than any other country in the world. But while London has an inevitable tendency to grab these sorts of headlines, it’s also great to acknowledge that London doesn’t have a monopoly on this pool of talent, and may even be less attractive as a base for some firms.

December 11, 2013

Remarkable resurgence of confidence in the UK commercial property market

by Mark Eltringham • News, Property

Edinburgh is one region enjoying a resurgence in confidence

The UK commercial property market is continuing its strong recovery, driven in large part by a resurgence in regional markets and financed by more adventurous borrowing by investors, a juxtaposition of three new reports reveals. According to Lloyds Bank’s twice yearly Commercial Property Confidence Monitor, around three quarters of the small and medium sized commercial property agents surveyed for the report expect a surge in activity over the next six months, led by especially strong confidence levels in Scotland, South West England, North West England and the Midlands. The results are mirrored in the latest Savills’ commercial development activity survey which found that the UK’s commercial sector grew at its fastest rate on record during November. Meanwhile, another report from Laxfield Capital claims that investors are willing to take on more debt for new deals to take advantage of the new confidence in the market.

December 10, 2013

New guidance on energy management published for facilities managers

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

The British Institute of Facilities Management (BIFM) has published new guidance on energy management for facilities managers. The Energy Audits Good Practice Guide presents good practice for some of the important energy management procedures, ranging from developing an energy policy to deciding which improvements to make. It is designed to enable facilities managers to compare the results of an energy audit with good practice in both energy use and energy related procedures in order to manage their organisation’s energy costs. Part of the BIFM’s series of Good Practice Guides providing practical guidance for facilities management professionals the Energy Audits Good Practice Guide, which is supported by Hoare Lea, also includes practical tips and considerations for improving energy use, managing energy costs, and protecting the environment. More →