April 28, 2022

Demand for office space ‘bounces back’

The start of 2022 saw a jump in new tenants looking to rent UK commercial property, with the uplift particularly prevalent in prime office space. Investor enquiries across all UK commercial property also continued to rise, according to the RICS Commercial Property Market Survey, Q1 2022. Respondents to the survey saw a notable increase in UK office demand in Q1 2022 with the net balance improving to +30 percent from a flat picture at the end of 2021. A considerable change in sentiment was also seen in the retail sector, as occupier demand moved into relatively neutral territory (-1% net balance), the first time this reading has been neutral or positive since the beginning of 2017. More →

April 28, 2022

British Council for Offices honour London’s best workplaces at annual Regional Awards

by Neil Franklin • News, Property

Six London workplaces have been recognised at the annual British Council for Offices’ (BCO) Regional Awards. The London Awards Lunch returned in-person to the London Hilton on Park Lane, recognising the highest quality developments in London and setting the standard for excellence in the office sector across the UK. The winning workplaces include: 80 Charlotte Street (Commercial Workplace); Plumtree Court, 25 Shoe Lane (Corporate Workplace); Dojo, The Brunel Building, 2 Canalside Walk (Fit Out of Workplace); ASOS HQ, Greater London House, 180 Hampstead Road (Refurbished/Recycled Workplace); Pennybank , 33-35 St John’s Square (Projects up to 1,500m sq. ); 1 Triton, 1 Triton Square, Regent’s Place (Innovation) More →

April 8, 2022

The Metaverse in the workplace: Meta’s wobble may affect how we use emerging technologies

by Neal Riley • Comment, Technology

There has been much talk over the past two years of the adoption of hybrid working for elephant-in-the-room reasons and it is now the case that the practice is being widely adopted by many organisations. Knocking at our office doors now is the next big talking point in terms of technology: the Metaverse. There has been much speculation recently on how this collective, virtual open space, which incorporates environments including those in which to shop, learn, be entertained and, of course, work, will evolve. It has been described as the ‘next chapter of the Internet’ and is created by the convergence of virtually enhanced physical and digital reality. More →

March 31, 2022

UK tech talent shifts from London to other cities

by Neil Franklin • Cities, News, Workplace

The number of professionals with technology skills is expanding at a faster pace in the North of England than in London and the South of England, as demand for technology talent increases around the country, according to the latest U.K. Tech Talent Tracker from Accenture. The tracker, which analyses LinkedIn’s Professional Network data, finds that the pool of technology talent in cities in the North of England has grown on average by 15 percent in the last year, outpacing southern cities that grew on average at 9 percent. Technology talent in cities across Scotland and Wales has grown on average by 5 percent and 9 percent respectively. More →

March 29, 2022

MIPIM revival offers up a pale, stale imitation of life (but there’s hope)

by Freddie Steele • Comment, Property

If a week is a long time in politics, then two years in real estate is practically a lifetime. Time enough for an opportunity for MIPIM, the property world’s annual gathering in Cannes to reset itself post-pandemic. Unlike back in London where British Land had offered up space for Ukrainian care packages at its Paddington Central Campus and Quintain also pledge to make space at its Wembley Park space (as reported by Estates Gazette), unfortunately such correct reading of the room wasn’t the case on the Croisette. More →

March 22, 2022

KI furniture brings versatility and a sense of heritage to PwC’s new Belfast office

by Freddie Steele • Company news, Works Magazine

PwC, the global professional services provider, has made a significant investment in the city of Belfast by relocating its offices to Merchant Square. The move to the city centre comes from a desire to not only support the growth of the company, but to signal its confidence in the area and encourage other businesses to take a similar initiative. The new workplace is spread across 200,000 sq ft over nine floors and provides the regional hub for around 3,000 employees. The building is an amalgamation of three existing structures with a dramatic feature staircase linking floors four, five and six. The hope is that the new office will help to increase employee numbers over the next few years, meaning the design needed to have versatility as well as longevity. To meet both of these requirements, a wide range of KI furniture was specified by the lead interior designer, BDP. More →

March 21, 2022

Small business focussed more on measuring productivity in new era of work

by Jayne Smith • News, Technology, Workplace

A new report from Be the Business, tracking business performance and management capabilities has found business leaders are positioning themselves to improve productivity levels, including increased adoption of e-commerce, and greater emphasis on measuring business performance and strategic planning. The Productive Business Index (PBI) is derived from a survey of over 1,000 directors of companies with 2-249 employees. The PBI features a headline number, indicating the overall health of businesses, and sub-indices which provide insight on key productivity drivers such as management skills; technology adoption; training and HR; operating efficiency; and innovation. More →

March 21, 2022

ESG objectives now a priority for quarter of organisations

by Neil Franklin • News, Technology

New research from Cloudera claims that more than one quarter (26 percent) of business decision makers are now putting increasing investment into environmental, social and corporate governance (ESG) initiatives, ahead of developing new products/services (24 percent) or accelerating financial growth (21 percent). Additionally, knowledge workers believe as much as 49 percent of the data their business uses on a day-to-day basis should be focused on doing good for the communities it serves. This is a sentiment 52 percent of business decision makers agree with — a clear indication that profit and ESG are no longer mutually exclusive pursuits. More →

March 17, 2022

Technology and talent should be main focus for business leaders now

by Neil Franklin • Flexible working, News, Technology

Businesses are investing in technology to expand online operations and facilitate remote work during the pandemic. But many of those same businesses are also eager to see their employees return to the workplace in greater numbers over the long term. Those are among the findings of a new survey of small and midsized business leaders conducted by The Harris Poll and sponsored by CIT, a division of First Citizens Bank. More →

March 15, 2022

Retrofit offers the greatest opportunity for a commercial property market beset by uncertainty

by Neil Franklin • Environment, News, Property

In the context of a second major economic shock from war in Ukraine and continuing inflationary concerns, the PWC / ULI report Emerging Trends in Real Estate Global Outlook 2022 focuses on the global outlook for the real estate industry increasing pressure for finance to support the decarbonisation of real estate. The industry challenges lenders and their regulators to provide debt for the retrofit of existing buildings and the scale-up of the ‘climate tech’ needed. More →

March 8, 2022

Wellbeing, skills and diversity data absent from majority of FTSE 100 firms’ annual reports

by Jayne Smith • News, Wellbeing, Workplace

New analysis of FTSE 100 annual reports finds that while workforce reporting has improved in the past two years, the quantity and quality of disclosures still varies significantly and remains very poor in places. The new report, How do companies report on their ‘most important asset?, from the CIPD, the PLSA and Railpen, analysed the quality of workforce disclosures in the 2021 annual reports of FTSE 100 companies against seven key themes: Workforce cost and composition; employee relations and wellbeing; reward; voice; skills, capabilities and recruitment; and response to COVID-19. More →

March 3, 2022

The nature of work has changed permanently for many people, new report claims

by Neil Franklin • Flexible working, News

The pandemic has changed the nature of work, which offers opportunities for organisations to adopt more considerate and efficient work practices as offices reopen. The latest study to come to this conclusion has been published by the University of Southampton and funded by the Economic & Social Research Council (ESRC). The research considered the longer-term implications of working from home and which new working practices should remain and be encouraged. Its findings offer lessons from lockdown that will guide organisations as they seek to make hybrid working a success. More →