Search Results for: real estate

April 11, 2017

Demand for flexible office space is set to grow in London’s outer boroughs ⁰

by Sara Bean • Facilities management, Flexible working, News, Property

London’s office workers are looking for shorter commutes, demanding more collaborative and networking opportunities while at work and better access to green space, retail, leisure and wellness; all of which could present a huge opportunity for the less congested outer London boroughs, a new report suggests. According to Savills latest London Mixed Use Development Spotlight, as employers and employees alike demand more from their workplace and their work- life balance, London’s outer boroughs could reap the benefits by providing greater flexible office space and affordable homes at a variety of price points. According to Oxford Economics, employment in sectors that tend to occupy co-working spaces is set to rise by 20,000 people in the outer London boroughs over the next five years, which equates to a gross additional need of 1.6 million sq ft (148,644 sq m) of office space.

April 6, 2017

Designing space for virtual collaboration in an untethered world ⁰

by David Woolf • Case studies, Premium Content, Technology, Workplace design

Working with colleagues across different geographies and time zones has become the norm since an increasing number of organisations now integrate and seek collaboration at a global level. Interestingly, according to Cisco, 62 percent of workers now regularly collaborate with people in other countries. These globally integrated enterprises (GIE) aim to draw in the best talent from across the world, delivering maximum innovation and efficiency. The rise of global and distributed teams has been further encouraged by the popularity of remote working, with 71 percent of office workers now choosing greater flexibility to work from various locations instead of travelling to the office everyday . And the trend only looks set to gain pace, with 56 percent of senior leaders in large global companies expecting global teams to increase in the next one to three years.

April 5, 2017

Corporate occupiers turn to coworking space to keep down property costs ⁰

by Neil Franklin • Facilities management, News, Property, Workplace design

Demand for coworking spaces is growing at an average of 10-15 percent per annum across all regions as firms look to cut their real estate costs by embracing the concept based on shared work spaces and collaboration. That is the key finding of a new report from Cushman & Wakefield. As the trend gains momentum, according to the study, developers are increasingly incorporating the aesthetic and function of such flexible working environments into mainstream building design. However the main driver of uptake continues to be concern about the cost of renting offices in prime locations and it is no surprise that coworking is focussed on major globalised cities.

March 31, 2017

America’s corporate occupiers streamline portfolios due to economic uncertainty ⁰

by Sara Bean • Facilities management, News, Property, Technology, Workplace

While talent continues to reign supreme on the list of top concerns for US companies a growing number of respondents to CBRE’s annual Americas Occupier Survey cited economic uncertainty as a top challenge, up from 36 percent in 2016 to 52 percent. As a result, 87 percent of corporate occupiers report that they are managing to this uncertainty by disposing of surplus space and/or implementing more efficient workplace designs to prepare their portfolios for the future. Only 26 percent of respondents expect to expand their portfolios over the next two years, down from 38 percent in the 2016 survey. Approximately one-half of the 2017 survey’s respondents indicated that the size of their portfolios would remain stable with 2016 levels. However, while uncertainty is driving many real estate decisions, creating a workplace experience focused on talent remains top of mind for the majority of occupiers surveyed.

March 30, 2017

AHMM completes work on New Scotland Yard for Metropolitan Police ⁰

by Neil Franklin • Case studies, Company news, Workplace design

Architects Allford Hall Monaghan Morris (AHMM) have completed design work on the new headquarters for the Metropolitan Police Service (MPS) in London. The practice claims that the design ‘supports cultural organisational and conveys a new image for the MPS by creating a building that looks to engage with public and media alike’. The £60m new headquarters is a re-modelling and extension of the Curtis Green Building, a 1930s riverside site in Westminster, central London currently owned by the MPS. AHMM’s design includes the addition of new entrance and rooftop pavilions and a reworking of the existing accommodation. The new entrance is designed ‘to create a welcoming and non-institutional yet secure front door’ and reinstates the iconic revolving sign. The project has been completed as part of a major rethink of the organisation’s corporate real estate strategy.

March 28, 2017

Post Brexit UK sets out its case at MIPIM 2017 ⁰

by Anna King • Cities, Features, Property

Cannes-based international real estate fair MIPIM has always been a magnet for cities, determined to extoll their virtues to investors, developers and occupiers, but this year the UK was in charm overdrive. Buoyed no doubt in part by the presence of the UK government’s Department of International Trade (DIT), waving its ‘open for business’ flag for UK PLC, many of the towns and cities that would normally have ploughed their own furrow, instead came together to leverage critical mass. So Bradford and Leeds combined, conurbations across the central belt conjoined on a Midlands pavilion, and so on. Whether it was panic or confidence, the net result was an unusually prominent UK presence, up a quarter on last year. Of course the UK is just one nationality among the 24,200 real estate and city professionals from 100 countries who come together in Cannes every March.

March 13, 2017

Workplace strategy, automation and flexible working rising up the corporate agenda ⁰

by Mark Eltringham • Facilities management, Flexible working, News, Property

Corporate real estate occupiers must do more to embrace flexible working and identify the sources of competitive advantage offered by their workplaces, according to the newly published Corporate Real Estate (CRE) 2017 trends report from JLL. The study highlights the key issues affecting corporate property needs and requirements this year, and offers occupiers some advice on how to deal with them, including how real estate strategy affects organisational perfomance. As well as flexible working and real estate strategy, the report also considers the consequences of automation, which it suggests will have a significant impact on the way workplaces are designed, occupied and managed within just a few years,

February 21, 2017

What you need to know about changes to business rates and lease renewals ⁰

by Alex Watt • Comment, Facilities management, Legal news, Property

Business rates are a substantial overhead for many businesses, and therefore those occupying a property need to be aware of the impact of the 1 April rates revaluation and the forthcoming changes to the rates valuation appeals process. The revaluation may affect the level of compensation payable to some business tenants seeking to renew their leases. Current business rateable values took effect in England and Wales on 1 April 2010, based on rateable values on 1 April 2008. However, the Valuation Office Agency (VOA) is revising rateable values on 1 April 2017. While the rateable value of some properties is reducing, others (for example many London retail and restaurant premises) face a significant increase. You can check the draft values on the VOA website to see whether your property is due to change.

February 8, 2017

New guidance issued on assessing health and wellbeing in buildings ⁰

by Neil Franklin • News

BRE and the International WELL Building Institute have published a joint briefing paper outlining how certified BREEAM credits could be used to demonstrate compliance with the WELL Building Standard (WELL) post-occupation. Following the 2016 announcement of an agreement between the two organisations to ‘pursue alignments between WELL and BREEAM’, the document, Assessing Health and Wellbeing in Buildings, has been created to make it easier for those wishing to obtain both a certified BREEAM rating and a WELL Certified rating. The document claims to provide guidance on how the process for pursuing dual certification may be streamlined, and offers information for architects and designers to better understand the requirements and how the two standards relate. It also sets out the areas where WELL requirements are addressed by UK and/or EU regulations, and where these can be omitted from an assessment for buildings undergoing a WELL assessment in these territories.

January 17, 2017

The very idea of a universal workplace is seriously flawed ⁰

by Kyle Pinto • Comment, Flexible working, Technology, Workplace design

The debate around designing a workplace that works for millennials and now Gen Z is a public one. Every week a new article highlights what is required to create a workplace that millennials want. However for large companies with a diverse workforce, more than the desires of just one generation must be considered to make the workforce effective. Is it possible to create a universal workforce that can work across generations to serve the needs of all employees, and should that be the goal for workplace design? Right now, we know that tech firms are drawing more top talent than they did before. It can be seen in the a comparison of Harvard MBAs in 2007 and again in 2014 that went into banking (13 percent down to 5 percent) vs tech (up from 7 percent to 17 percent). Following their lead, broader design has shifted to adopt a tech feel in their own offices, with open layouts trending upwards. Office amenities from ping pong tables to slides are also rising as companies try to bring a fresh approach to the workplace.

January 11, 2017

Tech and media firms still believe human talent is the key to success ⁰

by Mark Eltringham • News, Technology

A new study from Colliers International claims that 62 percent of companies in the TMT sector are looking to expand their headcount. Despite advances in technology and artificial intelligence in the workplace, Colliers latest research suggests that over 62 percent of enterprises in the Tech, Media and Telecoms (TMT) sector are seeking to employ more staff to drive their company forward, demonstrating that the human factor still plays a critical role in business development. The report was conducted by global real estate firm Colliers International, based on a number of interviews. The study also claims that only 12.5 per cent of the firms which were interviewed were looking to contract their workforce. Interestingly, technology was viewed as the least important strategic resource by all but one company. Yet most businesses surveyed did expect big change and efficiency improvements through the introduction of new technology in the business and the workplace, especially the development of cloud-based systems.