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New joint venture formed to capitalise on booming London Office market

 New joint venture formed to capitalise on thriving London Office market

A 50:50 joint venture partnership to capitalise on the thriving London office market has been formed by Hermes Real Estate Investment Management Ltd and Canada Pension Plan Investment Board. CPPIB is investing £173.9 million to acquire a 50 per cent interest from Hermes’ BT Pension Scheme’s (BTPS) existing portfolio, which comprises 550,000 sq ft of high quality offices, retail and ancillary accommodation, primarily located in London’s West End. Graeme Eadie, Senior Vice-President and Head of Real Estate Investments for CPPIB, said: “We are pleased to be partnering with BTPS and Hermes on this unique opportunity to invest in a high quality, well-diversified portfolio of office properties in prime Central London locations.”

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Video: world’s largest building opens in China

Video: world’s largest building opens in China

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Dubai will be kicking itself at the news that the world’s largest building, or rather world’s largest standalone man-made structure, has opened in China. The New Century Globe Centre in Sichuan province is a mixed use development housing offices, leisure facilities, hotels, shops, restaurants and even a beach resort warmed by an artificial sun. The 18-storey, glass and steel frame structure, is situated above a new metro station in Chengdu, stands 100 metres high, is 500 metres long and 400 metres wide giving it a floor space of 1.7m sq. m.  making it the world’s largest standalone building, beating the previous record holder Terminal 3 at Dubai International Airport by around 50,000 sq. m. and, as measured according to internationally recognised lazy media shorthand analogies, able to house 20 Sydney Opera Houses.

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BIFM partnership with DWP may prove an ill-advised and short-lived union

Las Vegas WeddingRather like someone who collects friends on Facebook and followers on Twitter with the obsessiveness of the avid lepidopterist completist, news reaches us from the British Institute of Facilities Management concerning yet another partnership. Not content with the recently announced merger with Asset Skills, the Facilities Management Association and the Cleaning and Support Services Association, this time it’s the Department for Work & Pensions (DWP) that is the object of BIFM’s affections. Not that BIFM are considering moving in to Caxton House and a run for Parliament in 2015 (at least not that we are aware of). But while BIFM are, understandably, trumpeting the signing of this joint agreement, the DWP are not. In fact, if one searches on www.gov.uk using the search terms “BIFM” or “British Institute of Facilities Management” no results are returned.

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BIFM and DWP announce facilities management partnership agreement

LinkThe British Institute of Facilities Management (BIFM) is building on its recent track record of building new alliances with the announcement that it has signed a partnership agreement with the Department for Work and Pensions (DWP). The partners claim the new agreement will see the BIFM and DWP working in unison to support future growth in the facilities and workplace management sector.  The agreement was signed at the end of last week by Mark Hoban MP, Minister of State for Employment, Gareth Tancred, CEO of BIFM and Martin Brown, Work Services Director for Wales and Employers, Department for Work and Pensions. The joint statement from the BIFM and DWP claims that the partnership agreement will drive ‘a shared agenda on increasing routes into and raising skills and professionalism of all those working in the facilities and workplace management industry’.

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The world’s enduring love hate relationship with its tall buildings

Jean Nouvel Duo Towers in Paris

Jean Nouvel Duo Towers in Paris

One day, news will emerge from Dubai of a new development that doesn’t break some record or other, or at least one that isn’t solely about the size of a building. The latest example of the Emirati obsession with scale is the plan by developers DMCC, the people who brought you the Jumeirah Lake Towers, to create the world’s largest commercial office building as part of a 107,000 sq m development of their business park. Although still in the development stage, the developers have their eyes on usurping the current holder of the tallest office crown, Taipei 101, the 509m-high building which was the world’s tallest tower of any sort until the Burj Khalifa came along in 2010. In their press announcement the developers claim the new tower will act as a magnet for multinationals, although not everybody is quite so enamoured of the idea that tall is best. More →

Many facilities managers not engaging with industry bodies and social media

 Industry bodies and social media are not engaging practising FMs

What were your thoughts on the recent announcement of the British Institute of Facilities Management (BIFM), Asset Skills, the Facilities Management Association and the Cleaning and Support Services Association agreeing to the concept of forming one single and united body to represent facilities management and support services? I suppose the devil is in the detail and clarification of “agreeing to the concept” is required. Is this going to be a quick process, something that drags on for a lengthy period and what consultation will there be? And that is the crux for me – consultation is where this could all break down. But let’s take a step back and ask how many people work in the sector and how many facilities managers do the organisations involved represent?

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Wellness in Real Estate resolution passed for U.S. built environment

The influential U.S. Conference of Mayors (USCM) has voted unanimously to pass a Wellness in Real Estate Resolution which commits to promoting buildings that “use a combination of criteria and features that will enhance the well-being of occupants and address growing preventable health concerns and costs.” The resolution is one of ten new sustainability resolutions for the U.S. built environment commended by the American Institute of Architects (AIA) and the U.S. Green Building Council (USGBC), which praised the USCM for “showing courage and leadership by embracing a strong sustainability and green building policy agenda”. More →

Designs unveiled for new Google London headquarters in King’s Cross

Detailed plans have been submitted for the design of the new Google London headquarters building in King’s Cross. The 1 million sq. ft scheme designed by architects Allford Hall Monaghan Morris does not exceed 11 storeys at any point and will be home to up to 4,500 employees, double the company’s current London workforce and potentially making it the largest Google operation outside of New York.  The scheme is part of a wider development of Kings Cross and will incorporate 750,000 sq. ft. of office space with 50,000 sq. ft. of shops and cafes.  Current employees will relocate from three existing buildings in the capital.  Subject to approval for the detailed design from Camden Council, who have already granted planning permission,  work will begin on the site next year with completion set for 2016-2017.

Google is evidently keen to emphasise its investment in the UK, following weeks of criticism of its tax affairs from the media and politicians. Dan Cobley, Google UK’s managing director, in announcing the details of the development said: ‘Building our new headquarters in King’s Cross is good for Google and good for London.’ Certainly the deal is one of the biggest in recent years in the UK property industry, worth around £650 million and is expected by the developers to create 1,500 construction jobs and 35,000 new employment opportunities over all.

Some of the more interesting aspects of the proposed design are:

  • The primary way for workers to move between floors will be stairs rather than lifts as the firm looks to challenge the sedentary workstyles of staff. No news yet on any wretched slides.
  • The building is designed as a ‘groundscraper’ eschewing London’s recent trend for tall buildings, but is larger than the Shard at 1,083 ft long compared with the Shard’s 1,016 ft height.
  • Over two thirds (71 percent) of the office space are designated for workstations with the remainder set aside for meeting and breakout spaces, cafes and lobbies. Nearly half of the roof of the building will be landscaped.
  • The intention is to achieve a BREEAM outstanding accreditation.
  • The architects claims the design is inspired by the Victorian industrial heritage of the area and will act as a theatre in which the drama of Google’s business will unfold, but with stage settings that can change quickly and easily.

Commenting on the development, Simon Allford, of Allford Hall Monaghan Morris, said: ‘This building is underpinned by cutting edge design intelligence and technologies to provide a sophisticated twenty first century working environment for Google’s staff. The architectural approach, which has taken inspiration from King’s Cross and St Pancras International railway stations, complements the local area’s strong industrial heritage and will be a building London can be proud of.’

“Time-bomb” of British workers unhealthy and old before their time

"Time-bomb" of British workers unhealthy and old before their time

Bad lifestyle choices are shaving over four years off British employee’s lives, leaving them unhealthy and old before their time and creating a “time-bomb” for UK employers. According to the wellness survey of 10,000 employees in the UK, 86 per cent of British workers have an average Vitality (health) Age of 4.1 years older than their real age due to unhealthy lifestyles. Vitality Age gives an estimate of years of life lost or gained by taking into consideration the presence or absence of certain risk factors. Nearly a third (31.2 per cent) of employees have three or more risk factors, putting them at serious risk of ill health, and the biggest contributing factors for a higher Vitality Age are lack of physical activity and being overweight.

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Five essential things to consider before you implement a BYOD policy

BYOD is far more than just allowing your staff to check their email on their personal mobile. It’s about the security of corporate information – we’re all demanding more flexible working to fit our lifestyles, but with flexibility comes personal responsibility. Are we rushing to join the BYOD party without realising some of the more serious considerations. A recent article on OfficeInsight considered a Gartner survey which suggested that BYOD would be prevalent by 2017. The article implied that companies should embrace this as an inevitable change. Before we get too excited, though, let’s explore some of the issues that BYOD should be raising for employers – including the technical demands that these policies make on IT departments and infrastructure, and the compliance IT departments will demand of staff.

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It’s sunny side up for office furniture designs at this year’s Neocon

Landing “sunny side up” in Chicago is always a pleasure. While we’re here for work, the city has so many additional benefits for the seasoned international business traveller including a deep-rooted jazz culture, a beach, restaurant service to die for and – the reason we were there in the first place – the Neocon expo, amongst other things an exhibition of the finest new American and international office furniture trends which takes place every year at the enormous Merchandise Mart in the centre of Chicago (above). Quite a lot “snapped my celery” this year, and while, under normal circumstances I find the Milan furniture fair is the front-runner in terms of defining trends while the rest of the world slowly catches up, This year it was refreshing to see Neocon marking those trends right on the button.

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Consultation opens on facilities management to ‘enhance organisational performance’

Consultation opens on 'managing facilities to enhance organisational performance’

Facilities and property managers worldwide are being asked to help shape a ‘Strategic Facilities Management Guidance Note’. Once established, the note – spearheaded by a RICS-led working group – aims to help drive professionalism and enable benchmarking across the sector by creating greater consistency in the delivery of FM services. The guidance forms a key part of RICS’ wider campaign to improve understanding and recognition from businesses for the performance efficiencies that strategic FM can deliver. The call for global feedback follows RICS’ initial UK consultation last year which has resulted in the publication of the draft guidance, ‘Managing facilities to enhance organisational performance’.

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