Search Results for: financial services

New report identifies the ten key trends set to transform US commercial property

by • News, Property

Navel gazingAccording to a new report from Deloitte, the recent upturn in the US commercial real estate sector is set to continue unabated into next year. Which is great news but according to the property consultancy, the market that emerges from the ashes of the downturn will be very different to the one from which they were formed. Deloitte’s 15th annual Commercial Real Estate Outlook report has identified what it considers the top ten trends that will reshape the emerging market based on a mixture of original research, subjective insights and the firm’s experience with clients. These trends are dominated by structural and financial issues and the only nods towards external socio-economic factors are mentions for the aging workforce within the market (so much for the transformational potential of GenY) and increases in single family households (can’t see the link with commercial property).

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We deserve better than a polarised debate about cellular v open plan offices

by • Comment, Facilities management, Workplace design

Jacques Tati's Playtime

Jacques Tati’s Playtime

Stimulated by a number of rather unsubtle commercial interests, the ‘in’ workplace discussion seems to have swung from ‘collaboration’ i.e. organisations need more new spaces for formal and informal collaborative interactions, to ‘distraction’ i.e. open plan workplaces are creating a loss of productivity because people whose work requires concentration are impeded by constant interruption. The implication of the latter is that people should keep their ‘cubes’ and open-plan should be avoided at all costs. You can see pretty quickly where the commercial axes are being ground can’t you.

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UK’s superfast broadband arriving very slowly, claims government report

by • Flexible working, News, Technology

snail's paceA new report from the National Audit office claims that the much vaunted roll out of superfast broadband to 90 percent of UK households is now two years behind schedule. The programme, seen as vital for the uptake of flexible working in rural areas, is now scheduled for completion in March 2017, around 22 months later than planned.  The reasons identified by the NAO for the delays include six months awaiting EU approval along with a range of issues with the procurement of services including those related to the three key principles established to ensure the cost-effectiveness of the programme: the competitive framework; cost transparency; and the terms of supplier contracts. The NAO report claims that of these only the final principle is still functioning. BT is now the only bidder to provide services as others withdrew and it has failed to be sufficiently transparent about its costs.

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Three quarters of London investment banks set to trim corporate real estate

by • Knowledge, News, Property

AxeAccording to a new report from CBRE, nearly three quarters (72 percent) of investment banks based in London are looking to cut their corporate real estate portfolios over the next two years as they adjust to a changing global market for their services as well as structural changes in the UK’s regulatory framework.  As well as trimming London based properties, the report says that banks will continue to relocate functions to the UK regions in an effort to reduce costs.  Since the low point of 2009, rents in the City of London have increased from £42.50 per sq ft to about £55 per sq ft. The survey also found that just over a third (34 percent) of banks expect to see cuts as a result of mergers and acquisitions in the sector.

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Wellness programmes largely a waste of time, claims US report

by • Knowledge, News, Workplace

CranberryMuffinAccording to press agency Reuters, a long-awaited report on workplace wellness programmes, which has yet to be published, delivers a blow to the increasingly popular efforts by employers to address the waistline of employees as well as the bottom line of their businesses. According to a report by researchers at RAND Corp in the US, the now commonplace corporate sanctioned wellness programmes that encourage employees to become healthier and reduce absenteeism and medical costs only have a modest effect. RAND delivered the analysis to the U.S. Department of Labor and the Department of Health and Human Services last Autumn as part of a Government review ahead of new legislation.

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JSA launches latest league table of European office furniture companies

by • Company news, Furniture

EU FlagAs the world gets smaller and the communications revolution continues apace, one relatively unnoticed casualty is the design individuality of offices. Time was when you could walk into an office and the furniture would tell you whether you were in Paris, Frankfurt, New York, Milan, Moscow or London. The colours, shapes, materials, construction and image of the furniture were all very local, almost parochial. Who could fail to be struck by the muddy oranges and greens of a French office? Or the inevitable mahogany or teak real wood veneers used in the UK? The panels, worksurfaces and storage units which made up US cubicles were rarely seen outside North America and the massive, dark wood desks and cabinets in Central European deliberately overawed visitors and staff alike.

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New survey reveals risks of cutting costs in corporate real estate

by • Facilities management, Knowledge, News, Property

JLL ReportA new report from Jones Lang LaSalle claims to highlight how those firms who see their property as a driver of added value rather than a cost reap rewards in the form of higher revenue, employee performance and shareholder returns. In contrast, those firms who view their facilities as a cost and seek to reduce those costs for short term gain are, in fact, storing up long term problems and risks. JLL’s report – Global Corporate Real Estate Trends – claims to reveal the top five corporate real estate risks, including negative impacts on competitive advantage and profitability from cost cutting, procurement processes, lack of collaboration between functions and failure to drive productivity.

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Staff development still tops European employers’ priorities

by • Knowledge, News, Workplace

Image credit: <a href='https://www.123rf.com/photo_10259161_portrait-of-successful-young-businessman-showing-presentation-in-a-meeting-at-office.html'>logos / 123RF Stock Photo</a>

European employers are still maintaining ambitious staff development plans, despite the gloomier macro-economic climate. According to a study by Aon Hewitt, the proportion of companies that expect to add new jobs in 2012 has increased to 47 per cent, overtaking the number of companies foreseeing a reduction of their workforce (31 per cent). Explained Leonardo Sforza, chair of the European Club for human resources Scientific Committee: “The slow and painful road to economic recovery is not discouraging successful multinationals from continuing to invest in their human capital and from demonstrating the belief that their people remain the most powerful engine for sustainable growth and innovation.” More →

Net-Zero buildings top measure of sustainability success

by • Architecture, Environment, News, Property, Workplace design

the Crystal

Net-zero commercial buildings, i.e. those that produce at least as much energy as they consume should be the long-term aim of corporate energy strategies, says a CoreNet Global statement. “Smart and responsible energy policies and practices reduce corporate carbon footprints and greenhouse gas emissions, (and) we encourage our members’ companies to drive energy efficiency to optimal levels with net-zero buildings as a top measure of long-term success.” The global real estate association calls on governments around the world to incentivise building owners, investors and occupiers who proactively reduce their carbon footprints. More →

MIT survey shows link between sustainability and profitability

by • Environment, Knowledge

money-grows-on-treesA report published today by the Massachusetts Institute of Technology (MIT) Sloan Management Review and The Boston Consulting Group has found that more than half of companies see a rise in profits when they embrace a more sustainable business model. In addition to the link between sustainability and profitability, the number of companies reporting a profit from their sustainability efforts rose 23 percent last year, to 37 percent of the total, according to the report entitled The Innovation Bottom Line. The survey of 2,600 managers and executives around the world, also found that nearly half of respondents said their companies had changed their business model as a result of sustainability opportunities.  More →

Workplace transformation strategies are an essential element of CSR

by • Facilities management, Knowledge, News, Workplace, Workplace design

CNGLogo

Adopting 21st-century workplace practices that meet the needs of employers and employees is an important form of Corporate Social Responsibility (CSR), according to a new corporate real estate (CRE) industry advocacy statement by CoreNet Global. The report finds the nature of work is “changing dramatically, transcending the traditional definitions of productivity to include the concepts of enabling work, employee engagement, employee satisfaction and employee wellness, framed around an emerging ‘work-life support’ business model.” More →

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