Search Results for: investment

Focus of investment should be skills, broadband and local transport say CEOs

by • News, Property, Public Sector, Technology

Dear SantaThe Government should focus investment on the development of skills and broadband if it wants to drive economic growth. That is the message from a survey of 100 British CEOs carried out by Grant Thornton. Key findings of the report include the fact that 70 percent of respondents would like to see better access to training and development opportunities, 59 percent want to see an improvement in digital infrastructure and 57 percent would like more spending on roads. The Government’s flagship schemes – the Heathrow expansion, HS2 and the proposed new trans-Pennine railway receive a lukewarm response, with the majority of respondents appearing more keen on greater investment in existing long distance rail services, local public transport networks and the greater use of the UK’s underutilised regional airports. There is also a mixed response to plans for greater devolution with support only if regional Governments don’t add another layer of bureaucracy for businesses.The report has been published ahead of next week’s Autumn Statement by Chancellor George Osborne.

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HS2 will generate £40 billion in economic benefits and a surge of investment in office space, claims new report

by • News, Property, Public Sector

HS2According to a report published today in The Daily Telegraph, the UK’s new HS2 high speed rail network will encourage housebuilding and commercial property development as part of a £40 billion boost to the UK economy. The report, produced by consultants EY, also suggests that  new developments around the main stations along the route, including Birmingham, Manchester and West London would generate some £1 billion  a year before the route’s completion in 2035, including some 850,000 sq ft of new office space. The newspaper claims the full report will be released by the Government this week as part of its campaign to win support for the controversial scheme and that its content will be a major talking point at this week’s MIPIM which takes place for the first time in London. It was revealed recently that the Government now expects the scheme to cost £73 billion, a figure which critics, including Mayor of London Boris Johnson claim could be spent more wisely.

Foreign investment fuels record quarter for London commercial property

Foreign investment fuels record quarter for London commercial property

by • News, Property

More London, Riverside

More London, Riverside

Foreign investment in London’s commercial property market has fuelled a record breaking start to 2014, according to a new report from Cushman & Wakefield. The influx of overseas capital dominated deals in the first quarter of the year and, in turn, drove total investment levels that exceeded £4.3 billion, three quarters of which came from abroad and was centred on East London and Docklands . The 32 deals covered in the report included the sale of the More London estate to a Kuwaiti investor for £1.7 billion and concluded the busiest quarter since 2007. According to the report, foreign investors are attracted by London’s status as a safe haven. Last month we reported how domestic investors were looking outside the capital for opportunities but the Cushman & Wakefield report now suggests that interest from   domestic investors and occupiers is increasing as the UK economy improves.

UK commercial property investment in 2013 hits a six year high

by • News, Property

BroadgateLast year marked a six year high in commercial property investment across the UK according to a new report from property information providers CoStar, driven by increases in regional markets and a sharp upturn of interest in Central London from overseas investors. A total of £52.7 billion of transactions was completed across the UK in 2013, albeit that two-thirds of investments were made in London and the South East of England. It was also a year for record breaking deals, notably the Broadgate office development in the City (above) and More London on the South Bank, each of which were valued at £1.7 billion. London was particularly attractive for Asian investors who CoStar claim see it as a safe haven and invested £9.2bn, up 80.6 percent on 2012.

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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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Long term investment in infrastructure needed to boost UK economy

by • Knowledge, News, Property

ConstructionThe UK government should reverse the long term slump in infrastructure investment to boost the economy, according to a new report from the Centre for Economic and Business Research and the Civil Engineering Contractors Association. The report, Securing Our Economy: The Case For Infrastructure, calls for the government to address the decade long £13bn infrastructure construction shortfall and lays out a series of recommendations to reverse the situation. The report claims the UK endures a £78bn GDP ‘black hole’ each year due to the lack of investment and that by investing at the level of other developed economies, the economy could enjoy an additional £100 billion each year by 2026.

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UAE’s infrastructure investment drives rapid construction sector growth

by • Knowledge, News, Property

Abu DhabiThe full impact of high levels of government spending as well as private sector and foreign investment in infrastructure and development in the Gulf is evident in a new report from analysts RNCOS which claims that the construction sector in the United Arab Emirates (UAE) is set to grow from its current size of $39.4bn at the end of 2012 by a compound rate of 9.5% a year until 2016. The report breaks the market down into four major areas of development; retail, residential, office and hospitality. The follow on effects for firms offering products and services will, of course, also be substantial.

Data centres are the real powerhouses behind AI

Data centres are the real powerhouses behind AI

by • AI, Comment

For many year data centres have remained anonymous and physically low-key with a light air of mystery and suspicion around what actually happens in these technical boxes on the landscape. Yet, they are so vital to our lives, and this is only set to increase as the players in the datacentre world need to stand up to be counted.The Datacloud Global Congress took place during the first week of June, handily nestled between BCO Milan and London Tech week where the government announced an £86 billion boost to science and tech, with the intention of propelling Britain to world-leading status for research and innovation. These are three events with very different content, yet are also intrinsically linked for progressive and high performance societies and organisations. This was the 20th anniversary of Datacloud Global Congress, the flagship event for the sector – “mipim for data centres” some say. (more…)

Zumtobel and Thorn deliver energy efficient lighting to MEMS Power Generation’s new HQ

Zumtobel and Thorn deliver energy efficient lighting to MEMS Power Generation’s new HQ

by • Company news, Environment, Lighting

Zumtobel and its sister brand, Thorn, both lighting brands of the Zumtobel Group, have designed a cutting-edge, energy efficient lighting scheme that supports MEMS Power Generation's operational efficiency, employee wellbeing, and environmental sustainability goals.Zumtobel and its sister brand, Thorn, both lighting brands of the Zumtobel Group, have designed a cutting-edge, energy efficient lighting scheme that supports MEMS Power Generation’s operational efficiency, employee wellbeing, and environmental sustainability goals. MEMS Power Generation, founded in 1978, has evolved into the UK’s premier specialist in temporary power solutions. With one of the country’s largest generator rental fleets, MEMS constructed its new headquarters in Kent, which has been designed to serve its growing workforce for decades. (more…)

Government urged to take bold action on shared parental leave

Government urged to take bold action on shared parental leave

by • News, Workplace

Father and son walk on beach showing need for shared parental leaveA new report from the UK Government’s Women and Equalities Committee (WEC) has highlighted a range of issues with the UK’s current parental leave system and urged the government to address them as part of its proposed review. The report, Equality at Work: Paternity and Shared Parental Leave, argues that the existing system requires substantial reform to better reflect the needs of modern families and working parents. It identifies shortcomings such as low statutory pay, limited leave entitlements for fathers and partners, and the complexity of the Shared Parental Leave (SPL) scheme. (more…)

UK government outlines £86 billion science and technology plan to support regional growth

UK government outlines £86 billion science and technology plan to support regional growth

by • News, Property, Technology

The UK government has announced a package of funding and initiatives aimed at strengthening the country's position in science and technologyThe UK government has announced a package of funding and initiatives aimed at strengthening the country’s position in science and technology, which it believes will offer a particular focus on helping regions capitalise on local research and innovation. The investment, totalling £86 billion, forms part of the government’s broader Science and Technology Framework. It includes targeted support for universities, researchers and businesses outside of the traditional innovation hotspots in the South East of England. (more…)

Resistance to change is holding the UK back, report suggests

Resistance to change is holding the UK back, report suggests

by • News, Workplace

There is a growing culture of resistance to change across the UK workforce, particularly among women, older employees, and public sector professionals.It used to be said that the UK was a nation of lions led by donkeys. Now it would appear that the country has become as stubborn as mules at every level. The new survey from Right Management claims there is a growing culture of resistance to change across the UK workforce, particularly among women, older employees, and public sector professionals. (more…)

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