Search Results for: resilience

June 25, 2019

Surge in demand for London office space

May 2019 saw a total of 13.3m sq ft of London office space under construction across 98 developments. 60 percent of this space has already been let or is under offer, the highest level to be achieved in over 15 years. This is according to new data from real estate advisor CBRE. Take-up of office space rose above the 10-year average in May 2019, increasing to 1.2m sq ft. There were eighty transactions, of which twelve were greater than 20,000 sq ft in size. The largest deal of the month saw the European Bank for Reconstruction & Development take 358,700 sq ft at Five Bank Street (pictured). More →

May 15, 2019

Increase in number of FTSE 100 CEOs from tech backgrounds

by Marie Hillen • Legal news, News, Technology, Workplace

Digital disruption has led to a rise in the number of FTSE 100 CEOs with a background in technology, but age, education and gender diversity remain stagnant, claim the results of the annual Robert Half FTSE 100 CEO Tracker. It shows that the proportion of FTSE 100 CEOs with a background in technology has increased by 27 percent in the last year, with 14 percent of CEOs now having a background in the sector. More →

May 10, 2019

A balanced approach to stress has its benefits

by Brendan Street • Comment, Wellbeing

Stress is an unavoidable part of everyday life and our bodies are hard-wired to respond to it. It’s often wrongly labelled as a sign of being unable to cope, but in reality, manageable stress can give us the boost to perform better at work. When we view the demands placed upon us as close to/exceeding the resources we have to cope, a sense of stress occurs. The situation is seen as threatening. When we experience stress, our brains release chemicals and hormones that prepare us for danger. They elevate our heart rate, sharpen our senses and get us ready to act. In the short term, it can boost our ability to perform, giving us more energy and increased concentration. More →

May 9, 2019

Property investors cool on issue of climate change

by Mark Eltringham • Environment, News, Property

According to a RICS global survey of Commercial and Construction market professionals, in the UK, 47 percent of respondents reported that climate change risks are not important or irrelevant for investors. In addition, while 25 percent reported that there is more interest in energy efficient buildings than two years ago, 37 percent noted that investment into energy efficient buildings was limited to niche investors. The study concludes that it still appears that other considerations take precedence in the UK for investors, and the UK is lagging behind China and Hong Kong in this area, where 41 percent reported that energy efficient buildings are increasingly seen as an attractive form of investment. The issue of responsible investment, will be being discussed on the 13 and 14 May at the RICS World Built Environment Forum, Summit in New York. More →

May 3, 2019

Take up of office space in central London strongest for six years

by Marie Hillen • Cities, Facilities management, News, Property

The first quarter of 2019 saw take-up of office space in central London at its strongest for six years, as it continues to outperform expectations. This is according to Savills, which also reports 1.16 million sq ft of new lettings being agreed in the City of London. In the West End, 42 transactions completed in March alone took total activity for Q1 2019 to 98 office lettings. In the City, there were 100 occupational deals for the year to date, of which 33 completed in March. The tech & media sector accounted for the largest share of take-up in the West End, at 25 percent, while the City benefited from a surge of serviced offices.

April 25, 2019

MPs to investigate impact of placemaking and built environment on productivity

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

The All Party Parliamentary Group on Building Communities is calling for evidence and contributions from all organisations with an interest in the built and natural environment to contribute to its new consultation, which aims to explore how placemaking can lead to greater productivity in the UK. As part of its remit, the APPG seeks to conduct research on the concept of ‘placemaking’ and investigate design practices that maximise the social value of infrastructure. In this way the APPG hopes to build an evidence base that can be used by policy makers when engaging with the build and natural environment.

April 10, 2019

The growing urbanisation of work and workplaces ⁰

by Mark Eltringham • Architecture, Cities, Features, Workplace design

The question of what makes a city great is an old one but has never been asked more than it is right now. It is usually couched in terms of the urbanisation of large parts of the world but it is important for other reasons too, not least because the urban environment is an increasingly important part of the virtual workplace many of us now inhabit and offices themselves increasingly resemble the agglomeration of spaces we have typically associated with our towns and cities. Recently, McKinsey published a report into urbanisation, based largely on the usual premise of the proportion of the world’s people involved, but it is an issue that touches all of our lives and in unexpected ways.

March 14, 2019

Neither bosses nor staff feel confident about future UK business environment

by Sara Bean • AI, News, Technology, Workplace

Two new reports published this week, show a lack of confidence amongst employers and employees within the UK business environment. The latest data in Gartner’s Global Talent Monitor report shows employee confidence in near-term business conditions and long-term economic prospects reaching an index score of 55.6 for the last quarter of 2018, a decline of 7.5 percent from an index score of 60.09 in 3Q18. These results follow a worldwide trend that has seen global business confidence sink to its lowest point since the fourth quarter of 2017. Meanwhile a survey of business leaders in the UK by management consultancy Lane4 found that bosses do not feel prepared to lead through future challenges like artificial intelligence and political volatility. More →

February 21, 2019

SMEs intend to increase their headcount by over a fifth this year

by Sara Bean • Legal news, News, Workplace

SMEs intend to grow their headcount by over a fifth this year

Although official figures from the ONS show a decline in consumer spending throughout much of 2018, optimism amongst small businesses remains high, with UK SMEs hoping to grow their headcount by an average of 21 percent over the next 12 months. The new research from Opus Energy claims that half (51 percent) intend to grow their business in terms of people, with some even predicting they’ll increase their workforce by 50 percent. IT (39 percent), health (33 percent) and financial services (28 percent) were the sectors expecting the most growth. Even in the worst affected sectors, growth was still predicted. Half (50 percent) of retailers still expected to grow in 2019, at an average of 19 percent. 65 percent of food and beverage producers predicted an average headcount increase of 18 percent and 69 percent of manufacturers expected to grow at an average of 14 percent; despite facing the uncertainty of Brexit and the “death of the high street”.

February 18, 2019

Employers need to become active listeners to improve mental health at work

by Brendan Street • Comment, Wellbeing

Time to Talk Day takes place every February and encourages people to open-up about their emotional wellbeing, but in a workplace setting this can be challenging. Despite 80 percent of employers believing employees would feel comfortable talking about their mental health, only 5 percent of employees would do so. Clearly there’s a disconnect between talkers and listeners which needs to be addressed if we’re to improve mental health at work. More →

February 14, 2019

Belfast office sector has enjoyed its most successful year ever

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

The office sector in Belfast has enjoyed its most successful year on record, with 885,023 sq ft of take-up reported across 84 transactions, more than double that was achieved last year, according to CBRE’s Offices Marketview research. Notable office deals completed in 2018 include PwC’s move to Merchant Square, Northern Ireland Civil Service to 9 Lanyon Place, Allstate to Mays Meadow, TLT to River House and Baker McKenzie to City Quays 2. According to CBRE Northern Ireland Office the local office market’s record breaking year is an indicator of the resilience of the commercial property market as well as the wider Northern Ireland economy.

February 12, 2019

London remains preferred destination for global corporate real estate investors

by Neil Franklin • News, Property

London is still the world’s top destination for investment in commercial real estate despite ongoing uncertainty about Brexit, well above both Manhattan and Paris, the next two biggest markets, new research claims. Around£16.2 billion was invested in central London’s commercial offices in 2018 compared with £14.3 billion in Manhattan, £12.1 billion in Paris and £8.4 billion in Hong Kong, according to the analysis report from international real estate firm Knight Frank.