Search Results for: office

Europe’s commercial property investors opt for safe cities

German cities dominate the investment prospects for Europe’s commercial real estate sector as investors favour safe havens according to a new report – Emerging Trends in Real Estate Europe 2013. Munich tops the league table followed closely by Berlin in second place and Hamburg in fifth position, with investors taking comfort from each of the cities’ strong local micro-economic climate and resilient property market conditions. London, which is seen by many as Europe’s safest investment, is the largest riser in this year’s report taking third position.  More →

Go ahead granted for Manchester Airport business district

The application to build a new business district within the government-designated Airport City enterprise zone in Manchester has been granted outline planning permission by Manchester City Council. The UK coalition government made the area one of its first four “vanguard” enterprise zones in March 2011 to provide fastrack planning and tax breaks to encourage rapid development. The application involves the creation of  113,400 sq. m. of office space, 49,000 sq. m. of industrial units, and 5,800 sq. m. of retail and leisure facilities on the outskirts of Manchester. The £650 million scheme is anticipated to create over 11,000 jobs over the next 15 years.

Consensus in property industry for green agenda

UKBC

The UK Green Building Council, backed by a wide range of trade and professional organisations across the construction and property sector, has sent an open letter to the Chancellor of the Exchequer George Osborne demanding a suite of policy changes to make the most of the green growth opportunity. The level of collaboration and consensus from within the industry is unprecedented, and includes, among others, support from the British Property Federation, Construction Products Association, British Council for Offices and Royal Institute of Chartered Surveyors.

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Google completes search for London HQ site

US based technology giant Google has completed the long expected £1bn property deal for a brownfield site in the King’s Cross Regeneration Area in London. The 2.4 acre site is located between King’s Cross and St Pancras rail stations and will be used for the development of an up to 11 storey complex which is due to be complete during 2016. Google will rationalise its two existing London locations into the new office and workplace design aficionados will be expecting great things from a firm that is renowned for its original approach, most recently at its Covent Garden offices designed by Penson.

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Great product designs reflect the changing workplace

If art holds a mirror up to nature, shouldn’t good workplace design hold a mirror up to the way we work? Well yes, of course. No points for answering no. By definition, the things with which we surround ourselves in the workplace should tell us something that is essentially true about the way we see ourselves and what we do. If it doesn’t, it’s not good design. So when we see award winning products, it should be possible to infer from them what is happening and what is changing in the workplace. More →

Greater clarity required for UK infrastructure plan

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The National Audit Office has called on the UK government to provide greater clarity to taxpayers and consumers on how it will meet its national infrastructure plan. The government expects £310 billion to be spent by 2015 and beyond on new infrastructure projects in sectors such as energy, rail, roads, water, waste, flood defences and digital communications. The government is looking to private companies to own and finance around 64 per cent of the £310 billion, with the burden of funding likely to shift towards the public as consumers rather than taxpayers.

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Cloud computing set to transform business models

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As an issue explored in our own briefing on the technologies that will do most to transform the workplace during 2013, we know the Cloud is set to be adopted (and understood) by more and more organisations and individuals in the coming year. Doubtless it will follow the usual process of technological adoption as people begin to understand its unintended consequences as well as its uses but it pays to know what some of its implications will be for office designers and managers as shown by this programme from Deloitte.

Global sustainable real estate securities fund announced

A global sustainable property fund that invests in Real Estate Investment Trusts (REIT) and other publicly traded property companies that meet environmental and social sustainability criteria, has been launched by US real estate investment firm European Investors Incorporated (EII). The focus will be primarily on global equities of companies involved in the ownership, management, development and financing of commercial and residential properties that strive to meet sustainability requirements.
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All right? Manchester property outperforms other UK regions

The idea that the UK is essentially a closely bound federation of city states, each with their own culture and economy is given added credence by new research from CBRE into regional variations in the commercial property market. London does things  its own way, of course, but the top regional city is Manchester – the only one of eight centres that showed any evidence of rental growth during 2012, even though it was a modest increase from £29.50 per sq ft to £30 per sq ft. The full report can be viewed hereMore →

It pays to check the green credentials of manufacturers

Generation from Knoll

Generation from Knoll

There is a theory that when companies talk about issues such as corporate social responsibility they are doing so because it helps them to achieve their business goals. This is the coldly rational thing to do according to people like free market guru Milton Friedman who argues that companies should not actively pursue altruistic ends unless that pursuit is ultimately in the interest of their shareholders. As Friedman puts it: ‘Hypocrisy is virtuous when it serves the bottom line. Moral virtue is immoral when it does not’.

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A story told in numbers – CIFF Exhibition Preview

John Sacks of JSA previews the world’s largest office furniture exhibition which takes place in Guangzhou, China during March. Ignore the shocking website for CIFF,  this is an exhibition whose story can be told in numbers, like much that is true of modern China. Over 900 companies will exhibit in a venue with over 210,000 sq. m. of floor space and more than 60,000 people are expected to visit.

CIFF Preview

Appetite for long leases presents challenges

The news from the weekend that Axa Real Estate is looking to raise around £1bn  to invest in buildings with very long leases has resparked the debate into what sort of lease represents the best value for investors and tenants in these uncertain times. The new fund will target commercial properties with minimum twenty year leases even though investors have to pay a premium for such properties and the majority of occupiers don’t want them. More →