Search Results for: development

City approves plans for new offices by Fire of London Monument

by • Architecture, News, Property

New office development by Fire of London Monument

The City of London has granted planning permission for the development of an 88,000 sq ft (8,175 sq m) office-led scheme, next to the historic Monument column which commemorates the Fire of London in 1666. The project by Skanska Project Development Ltd (SPDL) will see the existing buildings at 11-15 Monument Street, 46 Fish Street Hill and 1-2 Pudding Hill replaced with around 85,000 sq ft (7,896 sq m) of offices on nine floors, with floorplates of around 10,000 sq ft (929 sq m), and 3,000 sq ft (278 sq m) of ground floor retail accommodation. Work is expected to start on site later in the year with completion scheduled for 2015.

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Abu Dhabi continues to create new offices, despite current oversupply

by • Architecture, Knowledge, Property, Workplace design

Abu DhabiA new report from Jones Lang LaSalle into the property market in Abu Dhabi claims that although the Emirate is committed to investing in the development of new commercial property, there is already a serious oversupply of offices in the region. Vacancy rates already stand at over a third (37 per cent) with increases expected as new developments become available. Around 1 million sq. m. of new office space is set to be developed in Abu Dhabi between now and 2015, increasing the total commercial building stock by a quarter. The JLL report claims that this oversupply is suppressing rents. Grade A properties now yield about 40 per cent of what they did at their peak in the final quarter of 20008 while Grade B space also continues to see falls in its yield.

UK firms want to stay in EU but majority favour employment law changes

by • Knowledge, News, Workplace

EU FlagA new report from the British Chambers of Commerce shows that while the majority of businesses still favour the UK’s ongoing membership of the European Union, the majority would like to see significant changes in certain key legislative areas including employment law, health and safety regulations and regional development. The EU Business Barometer from the BCC gathered responses from around 4,400 firms of all sizes and from a range of sectors and found that over half (54 per cent) wanted changes to employment law, a similar proportion wanted changes to Health and Safety laws (46 per cent) and a third changes to policies related to regional development.

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Better reporting required on employee engagement and wellbeing

by • Knowledge, News, Workplace

Wellness reporting could be improved by FTSE 100

There is a need for more open reporting on employee engagement and wellbeing by FTSE 100 organisations according to an inaugural report into wellness by Business in the Community. The first Workwell FTSE 100 benchmark, which analysed how FTSE 100 organisations manage their 6.3 million employees gave an average score of just 21 per cent, which said BITC was “not unexpected” at this first stage of development.  The highest scoring Workwell indicators were Diversity and Inclusion (at 50 per cent of total marks) and Health and Safety (at 44 per cent), showing how compliance drives measurement and reporting.

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Office furniture ergonomics standard for increasing size of U.S. workers

by • Furniture, Knowledge, News, Workplace

Larger U.S. workers

The U.S. furniture manufacturer’s association the BIFMA (Business and Institutional Furniture Manufacturers Association) has revised its ergonomics guidance to “reflect changes in the size and shape of the North American working population,” This includes increased seat width, distance between armrests, support surface height for sitting and standing, and height clearance for legs and knees. It’s also developing a new “Heavy Occupant Chair Standard”.  Although the BIFMA cannot be faulted for responding to consumer demand, the renewed guidance doesn’t address the core of the problem – the fact that over a quarter of U.S. workers (approximately 66 million people) are obese.

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Report highlights changing occupier demands in City of London property

by • Knowledge, News, Property

City of London coat of arms by GuildhallA new report from DTZ has outlined the ways in which the City of London property market is changing in response to occupier demand. As has been revealed in previous recent surveys, one of the most significant factors is a shift in focus away from the City’s traditional financial services heartland towards the technology, media and telecoms (TMT) sector.  Other structural changes include greater demand for different types of facilities from law firms as the legal sector adjusts to developments in its own market. The broader base of tenants and the expected economic upturn will mean a gradual improvement in demand although the report concedes that even by 2017, the market will not have returned to its peak.

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One St Paul’s offices attracts “new type” of City tenant

by • Architecture, Facilities management, News, Property

One St Paul's

A marketing campaign aimed at attracting non-traditional City occupiers appears to have paid off, with the entire 60,000 sqft office element of One St Paul’s in the City of London being let to a single tenant. Genesis Oil and Gas Consultants Ltd has agreed a 15-year lease for all six storeys of bespoke office space, and will  take possession upon handover of the building works during the summer of 2013, with the aim of moving its headquarters in the autumn. The deal marks the culmination of AXA Real Estate’s reworking of the property as a major mixed-use redevelopment scheme.

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Winners announced for 2013 real estate thought leadership

by • Environment, Facilities management, News, Property

CoreNet Global 2013 Awards for Industry Excellence, Economic Development and Sustainable Leadership:

An organisation that helps businesses set up or expand their offices in the San Francisco Bay Area and Google’s campaign to source more sustainable building materials are amongst the initiatives which have been recognized in CoreNet’s awards for Industry Excellence, Economic Development and Sustainable Leadership. Fidelity, Panasonic, Google, the Brick City Development Corporation and the San Francisco Center for Economic Development are all named as winners for three annual best practices awards by the corporate real estate (CRE) and workplace association. The awards are presented each year to industry leaders who demonstrate best-in-class practices in advancing corporate real estate thought leadership. (more…)

Rigid attachment to best practice “killing” talent management

by • Knowledge, News, Workplace

KPMG talent management white paper

A rigid attachment to ‘best practice’, rather than a focus on business needs, is preventing many organisations from unearthing and nurturing staff to drive their business forward and the danger of such an inflexible approach is killing organisations’ ability to properly manage talent. According to Anna Marie Detert, KPMG’s UK Lead for Talent – a tendency to copy or adopt the latest fad or fancy must be challenged if employers are to understand the talent they truly need to succeed, and plan effectively to find and keep it.  (more…)

Employers missing employee health and productivity link

by • Knowledge, News, Workplace

Employers missing health & productivity link

Only a minority of employers understand the productivity benefits of their health and wellbeing initiatives, new research reveals. Towers Watson’s latest Health, Wellbeing and Productivity survey found that 66 per cent of employers thought the link between health and employee performance was a relatively limited part of their health and wellbeing programme, with the main drivers being the desire to be seen as a responsible employer and the need to focus on more preventative health measures to manage rising healthcare and disability costs. (more…)

What Tesco’s move into a Clerkenwell office tells us about how it sees itself

by • Comment, Property, Technology

Tesco logoIf Tesco ever wants to update its three word strapline from Every Little Helps, it could plump for something more accurate such as We Own You. Unless Facebook or Google register it first, of course. The news this week that the extensively diversified retailer is to set up an office for its digital operations in the heart of one of the UK’s Technology Media and Telecoms (TMT) hothouse in Clerkenwell tells us a great deal about how it sees its operations in this area. The move will not only help Tesco to recruit staff in and around the Tech City area of East London, but sets a marker for how it views its place in the scheme of things.

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UK commercial property investors shift focus to the regions

by • Knowledge, News, Property

Leeds skylineInvestors in the commercial office market are increasingly being drawn towards the UK regions, according to a new report by Deloitte Real Estate. The UK Key Cities publication explores the trend that regional offices are emerging as a focus for savvy investors seeking higher returns. At the same time, individual cities are recognising the need to stand apart from competing locations and bridge the gap between themselves and London. These cities are being bolstered by factors such as improved connectivity through large planned infrastructure projects, devolution of power, and investment into the retail and leisure markets.

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