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Global prime office costs rise slightly, but flatline in London and New York

Global prime office costs rise slightly, but flatline in London and New York

Prime office costs rise an average of 1.1 percent across the world’s top markets but stay level in London and New YorkSavills latest global Prime Office Costs (SPOC) analysis has revealed that pricing for prime top-tier offices around the world has largely held steady during the first quarter of 2023, with net effective costs – the ‘all in’ cost for occupiers – increasing an average of 1.1 percent. More →

Rising business rates could impact affordable workspace in London

Rising business rates could impact affordable workspace in London

Colliers calls on Government to provide greater support to tech and creative industries who will struggle as business rates rise in Revaluation 2023The 2023 business rates revaluation will come into effect on the 1st of April 2023, the first of its kind for six years and according to business rates experts at Colliers could have a material impact on the provision of affordable workspace in the capital, historically located in the “fringe” locations. Colliers claims that this is because rents and hence rateable values in fringe locations such as Hackney, Southwark and Hammersmith & Fulham have increased at a greater pace than in historic ‘core’ office locations such as the City, Islington and the West End, and those fringe locations have now become equally or in some cases more expensive locations than those in the Central London core. More →

TOG opens what it claims is Central London’s tallest mass timber office building

TOG opens what it claims is Central London’s tallest mass timber office building

Flexible office provider TOG has announced the opening of its first project built from the ground upFlexible office provider TOG has announced the opening of its first project built from the ground up – The Black & White Building, located in Shoreditch. The firm claims that The Black & White Building is Central London’s tallest mass timber office, standing at 17.8 metres high and covering 38,315 sq ft. The workspace has been built using renewable materials and innovative construction methods, which TOG claims results in embodied carbon creation being reduced by 37 percent compared with a concrete structure of the same size. More →

Plans for largest datacentre in Europe approved by London council

Plans for largest datacentre in Europe approved by London council

A rendering of the plans for the datacentre in HaveringHavering Council has agreed to move forward with the £5.3bn East Havering project, which will bring Europe’s largest datacentre to the borough in Greater London, delivering a major piece of national infrastructure. The Cabinet agreed for the council and its prospective partner, Digital Reef, to continue to develop the proposals to bring forward the site. This decision means the Council in its capacity as Local Planning Authority can begin to take a view on the appropriate planning route for this project. More →

Vitra opens new showroom at London Design Festival

Vitra opens new showroom at London Design Festival

Vitra showroomVitra, the Swiss design company, has opened a new flagship UK showroom at the historical Tramshed building in Shoreditch to coincide with the London Design Festival 2022. Vitra is known for its furniture classics by Charles and Ray Eames, George Nelson, Alexander Girard, Verner Panton and Jean Prouvé as well as for contemporary works by designers such as Ronan and Erwan Bouroullec, Antonio Citterio, Konstantin Grcic, Hella Jongerius, Alberto Meda and Jasper Morrison. More →

BDG architecture + design and FUTURE Designs, showcase AERO313 at London Design Festival

BDG architecture + design and FUTURE Designs, showcase AERO313 at London Design Festival

future designsBDG architecture + design and FUTURE Designs will display the only AERO313 luminaire in the country, at Borough Yards, London Bridge, as part of this year’s London Design Festival which runs from 17-25 September 2022.  FUTURE Designs was appointed by BDG architecture + design in 2020 to create this innovative custom light fixture that is a centrepiece of the latest WPP campus project in Detroit, USA. Faced with transatlantic logistics and regulations, the sheer scale of the product, as well as a global pandemic, the team involved tackled unprecedented challenges in order to deliver this ground-breaking luminaire to practical completion for a client on time and to budget. More →

Central London office market take-up returns to pre-Covid levels

Central London office market take-up returns to pre-Covid levels

central london office marketThe Central London Office leasing market has seen occupiers expanding their footprint at record levels, according to the research from real estate advisor, CBRE. Following what CBRE claims was an unprecedented downturn in activity as a result of the pandemic, Central London office take-up reached 12.7m sq ft for the 12-months to the end of Q2 2022, an increase of 153 percent when compared to the same period last year and 5 percent above the ten-year average. More →

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

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

london tech weekThe 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 →

London office market activity hits post-pandemic high … for smaller, better, greener offices

London office market activity hits post-pandemic high … for smaller, better, greener offices

london officeA study of the London office market from Gerald Eve suggests that there is now the highest number of lettings since before the pandemic with activity focused on smaller requirements and environmentally friendly buildings. Lettings between 10,000 and 20,000 sq ft made up a significant portion of demand with 713,000 sq ft (or 23 percent) of all activity, which totalled 3.1m sq ft in Q1. Tenants are now voting with their feet for best-in-class space, with sustainability at the forefront of decision making. Post-covid requirements continue to shape the criteria for office space as subjective business-linked or staff retention demands rank higher than overall cost in the search for office space. More →

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

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

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 →

Great materials for big ideas at UNILIN London launch event

Great materials for big ideas at UNILIN London launch event

UNILIN launchJoin UNILIN Panels at the Gallery Clerkenwell on Thursday 28th April as it launches its 2022-2026 decorative range supported by WGSN, the global authority on change forecasting. With more than 220 designs, including 67 brand-new looks, the UNILIN Panels 2022-2026 decorative range offers an extraordinary collection of surface finishes that can be used to bring big ideas to commercial interiors. Launching the collection to architects and designers at a special evening event on Thursday 28th April 2022 at the Gallery Clerkenwell, UNILIN Panels will reveal how its decorative surfaces are ready for today’s work and hospitality spaces in a specially curated WGSN presentation, 2023 Interiors Future Forecast. More →

UK tech talent shifts from London to other cities

UK tech talent shifts from London to other cities

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 →