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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 →

Govt looking to save £600m with shared services

The latest wheeze from the Government as it looks to ‘streamline’ the public sector’s back-office functions including purchasing is to create two Independent Shared Service Centres as part of the Next Generation Shared Service Plan. Pick through the usual gobbledegook and acronyms and what you will find are some significant developments  as The Cabinet Office seeks to save up to £600 million a year in administration costs. More →

London companies heading off to the East

Hello to all this

Hello to all this

…East London that is. According to property consultants Cushman & Wakefield we are seeing a net migration of companies away from their West End heartland towards the supposedly more creative and tech-focussed districts of Clerkenwell, Shoreditch and King’s Cross.  The firm reports that the take-up of West End office space fell by around a quarter to 2.5m sq ft in 2012.

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Councils told to pool procurement resources

Manchester Town HallBritain’s local authorities have been told by the Government to find more ways to share back office functions and buy goods and services together to gain discounts and reduce costs. In a document, 50 ways to save: examples of sensible savings in local government, published by the Department for Communities and Local Government in December, councils were given a number of ideas about how they could reduce their annual spend. The report can be seen here.
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Report of poor public sector procurement practices

white-hall-place

Many firms that have worked with the public sector will have their own particular stories about the failings of its procurement processes. The Government’s promise to look into this has now led to it publishing a report from the Cabinet Office released just before Christmas (great timing as ever). You can see the report looking at the failings of public procurement as reported by the supply side here. Or -straight from the horse’s mouth – an interview with Sally Collier, Government Deputy Chief Procurement Officer here.

Commercial property deals on the rise in Yorkshire

Investors have almost doubled the value of commercial property transactions in Yorkshire, according to property consultants Lambert Smith Hampton.However, the level of deals is still slightly below the level at the same time last year. LSH says the total value of Yorkshire investment deals in the third quarter of 2012 rose to £303 million from £172 million in the previous quarter, but was below the £306.5 million total for the third quarter of 2011.

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