February 6, 2013

New property market research highlights UK’s regional differences

by Mark Eltringham • Knowledge, News, Property

A new report from Knight Frank has highlighted the marked regional differences in the UK’s commercial property market. On a positive note, there is a clear indication that while market conditions remain undoubtedly tough, the level of activity for 2012 indicates a level of resilience. Overall take-up for 2012 totalled 4,930,430 sq ft, around 4 per cent down on 2011 and 11 per cent down over the last decade. However, a number of markets enjoyed stronger conditions including Edinburgh (+47%), Glasgow (+15%), Aberdeen (+14%), Manchester (+10%) and Leeds (+3%). More →

February 5, 2013

BBC unveils plans for development of Television Centre site

by Mark Eltringham • Architecture, News, Property

Following last year’s sale of its iconic Grade II listed West London Television Centre to developer Stanhope, the BBC has announced details of the future direction of the 14 acre site. The announcement comes as the BBC continues its programme of relocating staff and functions to Media City in Salford and the new Broadcasting House in Central London. Work will start in 2015 on a mixed use development which will include residual office and studio space for the BBC, offices, hotels, leisure facilities, some 1,000 new homes, parks and a hotel. However the listed buildings on the site, originally opened in 1960, will be retained. More →

January 31, 2013

Better Buildings challenge for sustainable innovation

by Sara Bean • Architecture, Environment, News, Property, Technology, Workplace design

BPP

A competition to find green solutions that help to improve the performance of commercial buildings has been launched by the Institute for Sustainability, in partnership with the Climate Knowledge and Innovation Community (Climate-KIC) and the Better Buildings Partnership (BBP) – a collaboration of leading London commercial property owners and investors. Because energy efficiency improvement works have focused primarily on mechanical and electrical control upgrades and plant replacement, the competition focuses on innovations which could help improve the environmental performance of the building envelope. More →

January 28, 2013

ITV purchase of Television Centre frees way for new property strategy

by Mark Eltringham • News, Property

Broadcaster ITV has completed the £56 million purchase of the freehold for its core London Television Centre property, which is home to the company’s headquarters and studios in London. The move allows ITV the chance to embark on a planned new property strategy across the UK that will include the refurbishment of its Yorkshire studios and the relocation of its North West operation to Media City in Salford from its current base in Manchester. Media City (above) is already home to the BBC and the move will provide further hot-housing of the UK’s key national media in the area.

January 26, 2013

Tech and media firms drive demand for London offices

by Mark Eltringham • News, Property, Technology, Workplace design

The UK’s thriving technology and media sectors are driving demand for office space in London, creating hotspots of businesses and talent according to a new report published yesterday by property services provider Colliers International. However a shortage of supply means that not only are tech and media firms driving up rents and supplanting traditional businesses, many are adopting more ‘institutional-style’ office spaces then using design and refurbishment to put their own stamp on them.