Search Results for: investment

July 28, 2022

Commercial real estate enters downturn in UK, claims RICS

The UK’s commercial real estate market is entering or might already be in a downturn, according to an industry survey from the Royal Institute of Chartered Surveyors. As higher interest rates push up investors’ financing costs and economic sentiment takes a dive, 43 percent of respondents to its quarterly commercial property survey thought the sector was in the early stages of a downturn, and a further 10 percent thought it was in the middle of one. By contrast, three months ago 53 percent said the sector was in the early or middle stages of an upturn, a proportion that has now slumped to 22 percent. More →

July 20, 2022

Enduring problems holding back success of UK government property strategy

by Neil Franklin • News, Property, Public Sector

Longstanding problems such as poor data pose major risks to the successful delivery of the UK Government’s property strategy, according to the National Audit Office (NAO). Central government property, valued at £158 billion, is one of government’s largest assets. It includes offices, hospitals, academy schools, jobcentres, courts, prisons and museums. The Office of Government Property (OGP) sets the strategic direction for the management of government property. The Cabinet Office has categorised properties into 12 portfolios (such as health, defence and school portfolios), 10 of which are led by a single department or arm’s-length body. The Government Property Agency (GPA) sets and implements a property strategy for the government’s office and warehouse portfolios. More →

July 14, 2022

Three quarters of young people worldwide lack skills needed for employment

by Jayne Smith • News, Workplace

Nearly three quarters of young people aged 15 to 24 in 92 countries with available data are off-track to acquire the skills needed for employment, according to a new report published today by the Education Commission and UNICEF to coincide with World Youth Skills Day. Recovering learning: Are children and youth on track in skills development? features analyses on development in early childhood, and among children of primary school age and youth. The data highlight low levels of skill among children and young people across all age groups, with young people in low-income countries the least likely to have those required to thrive, particularly in future employment opportunities, decent work, and entrepreneurship. More →

July 13, 2022

ESG reporting is mainly a box ticking exercise, say half of employees

by Neil Franklin • Environment, News, Wellbeing

Half of employees see ESG reporting as a box-ticking exercise according to a new poll from EcoOnline. The firm’s ESG (Environmental, Social, and Governance) survey was conducted in June 2022 and included 124 businesses and their employees. The study found a significant minority of businesses polled are not actively reporting on ESG measures and performance, with 42 percent of survey participants disclosing that their organisation currently has no reporting system in place. More →

July 8, 2022

Calls for tax measures to speed up decarbonisation of commercial property

by Neil Franklin • Environment, News, Property

In its response to a consultation on the reform of capital allowances, the British Property Federation urges the Government to increase tax relief for capital expenditure on building projects that support the Government’s net zero and levelling-up ambitions and introduce a new tax credit system similar to that which applies to Research & Development spending. Buildings are responsible for around 30 percent of all greenhouse gas emissions in the UK and reaching net zero by 2050 will require significant capital investment in new types of building, building techniques and new technologies to improve the energy efficiency of domestic and commercial property. More →

July 1, 2022

Skills shortages lead to fall in wellbeing, increased workload and decreased profitability

by Jayne Smith • News, Wellbeing, Workplace

According to The Open University’s Business Barometer 2022 report, published in partnership with the British Chambers of Commerce, UK organisations are experiencing the knock-on effect of ongoing skills shortages, as more than three quarters (78 percent) report seeing reduced output, profitability or growth. The Open University’s annual report which sets out to provide an overview of UK skills , also highlighted the effect the skills shortage seems to be having on morale and wellbeing, as almost three-quarters (72 percent) of organisations say the impact increases workload on other staff. More →

June 30, 2022

Four day week rejected by majority of SME leaders

by Neil Franklin • Flexible working, News

Around three quarters (76 percent) of UK business leaders are either unlikely or very unlikely to introduce the four day work week to their business, according to the latest quarterly UK SME CEO Confidence Index for Q2 2022 from Vistage. The study reports that the SME business confidence index hit 77 points, a 22 percent decrease since the last quarter. The index suggests that small and medium sized businesses overall feel pessimistic about the current economic landscape. 69 percent of SME leaders think that economic conditions have significantly worsened over the last 12 months. Only 5 percent predict that the economic landscape will improve over the next year, while 72 percent strongly believe that the economy will further deteriorate. More →

June 30, 2022

The fifteen minute city will transform the way we think about workplaces

by Wybo Wijnbergen • Cities, Features, Flexible working, Property

For most of history, there have been a small number of immovable truisms that formed the nature of what work is, and how communities form around it. While individuals have long held some agency around the structure and pattern of their work, being present in a communal workplace has been a non-negotiable reality. This need to work from an office comes wed with parallel requirements to help facilitate it. Employees have been willing to strike a compromise between where they wish to live and where they want to work through commutes, with the financial and time cost and associated stress that comes along with it. More →

June 27, 2022

Two thirds of those working from home suspect their employer thinks they are less productive

by Neil Franklin • Flexible working, News

Employers appear to lack trust in their workers to decide where they are the most productive, with more people now returning to the office full-time. Whilst 76 percent of UK respondents said they are more productive working remotely or are just as productive as they are in the office, 65 percent also believe their employer is concerned they are actually less productive when working from home. According to the fifth quarterly Talent Index from Beamery, almost half of workers (44 percent) in the UK say they have been asked to return to the office full-time with almost nine out of ten (88 percent) saying their employer sees staff returning to the office as essential and important. More →

June 21, 2022

Flexible working options can support women in the workplace

by Dr Gabriella Rosen Kellerman • Comment, Flexible working, Wellbeing

As of May 2022, more than one hundred years after the passage of the Sex Disqualification Removal Act – legislation which opened the workplace equally to women – more than half of the UK’s female professionals are at risk of leaving their jobs. As a recent study showed, 52 percent of women in the UK say they are either considering leaving or have already left a role due to lack of flexibility. The widespread nature of this “Flexidus” is chilling. The pandemic has already set back women’s participation in the workforce back 22 years behind men. How can businesses respond with the flexible working choices that many women are seeking? More →

June 14, 2022

BCO announces overhaul of specification guide

by Neil Franklin • News, Property, Workplace design

The British Council for Offices (BCO), has released a position paper proposing updated key design criteria, as part of its most recognised publication, the BCO Guide to Specification. The guide, which is normally published every 4 or 5 years, provides expert best practice advice on how to specify office space, helping industry practitioners provide space that meets the needs of occupiers, helping them to conduct their business in safe, healthy, comfortable, and productive workspaces. More →

June 14, 2022

London Tech Week kicks off with new Government announcements on future of tech

by Neil Franklin • News, Technology

The Government’s review into the future of computing and its new UK Digital Strategy were unveiled at the start of London Tech Week as the world’s technology leaders, founders and next generation of tech superstars gather in the capital to collaborate on the future of the industry. Opening day speakers included Darktrace CEO Poppy Gustafsson, Darren Hardman, VP & General Manager, AWS, Theo Blackwell MBE in conversation with New York City’s CTO Matt Fraser, Klarna CEO Sebastian Siemi?tkowski and The Body Coach CEO & Creative Director Nikki Wicks. More →