January 11, 2013
Only one in five finance directors see their suppliers as ‘strategic partners’, according to a survey of finance leaders in the UK and Ireland carried out by Expense Reduction Analysts (ERA). The report also revealed that 77 per cent of companies work on a short term basis when procuring products and services and resort to a defensive cost-cutting mentality when money is tight. More →
January 10, 2013
Following recent reports that a growing number of firms were locating in the burgeoning creative centres of East London,investment bank Goldman Sachs has finally submitted plans for the 1.2m sq ft nine storey headquarters building KPF in Farringdon Street. The KPF-designed development will replace two existing buildings – the 13 storey Fleet Building and adjacent Plumtree Court which Goldman Sachs acquired in 2011.
January 10, 2013
A global sustainable property fund that invests in Real Estate Investment Trusts (REIT) and other publicly traded property companies that meet environmental and social sustainability criteria, has been launched by US real estate investment firm European Investors Incorporated (EII). The focus will be primarily on global equities of companies involved in the ownership, management, development and financing of commercial and residential properties that strive to meet sustainability requirements.
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January 10, 2013
Following the recent news that the UK’s construction sector had suffered a significant fall in the final quarter of 2012, better news emerges from the Royal Institute of Chartered Surveyors with a report indicating that the UK construction market is expected to turn a corner this year as the government’s focus on infrastructure starts to generate returns. Chartered surveyors are predicting that output is set to increase in 2013 according to the latest RICS construction market survey. More →
January 9, 2013
The notorious Maze Long Kesh prison site in Northern Ireland where the ‘H’ block hunger strikes took place is to be redeveloped into an international standard showground designed by London-based firm Studio Egret West.
The Royal Ulster Agricultural Society (RUAS) was granted planning permission to relocate the Balmoral Show, (Ireland’s largest Agricultural and Food Show) to the site of the former Maze prison, after the Balmoral show outgrew the Kings Hall site where it has been held for 100 years. More →
January 8, 2013
When it comes to the development of meaningful and innovative approaches to the environment, companies are often way ahead of legislation and prepared to do far more than is expected of them by Governments. Best practice is lauded by the WWF in its Green Game changers initiative which has just launched a new report highlighting those organisations that have pushed the envelope on environmental thinking. The latest Green Game Changers Report can be viewed and downloaded here. More →
January 7, 2013
The news from the weekend that Axa Real Estate is looking to raise around £1bn to invest in buildings with very long leases has resparked the debate into what sort of lease represents the best value for investors and tenants in these uncertain times. The new fund will target commercial properties with minimum twenty year leases even though investors have to pay a premium for such properties and the majority of occupiers don’t want them. More →
January 3, 2013
The latest wheeze from the Government as it looks to ‘streamline’ the public sector’s back-office functions including purchasing is to create two Independent Shared Service Centres as part of the Next Generation Shared Service Plan. Pick through the usual gobbledegook and acronyms and what you will find are some significant developments as The Cabinet Office seeks to save up to £600 million a year in administration costs. More →
January 1, 2013
The New Year starts with news from Chicago based property broker Jones Lang LaSalle that investors spent some £ 30 billion on income generating property in the U.K. during 2012, about 9 percent less than in 2011. However there was a marked disparity between the London market and the rest of the UK. London deals totaled £18 billion in 2012, the highest figure for four years, while purchases outside the capital reached 12 billion pounds, the lowest amount over the same period. More →
