Search Results for: investment

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.

Why a ‘listening culture’ could do more harm than good 

Why a ‘listening culture’ could do more harm than good 

by • Business, Comment, Workplace

Over the past few months, we have seen large corporates hit the headlines due to some poor business practices. Leaders from all of those companies have made statements where they accept responsibility and state they are looking to do things differently in the future. Whether it’s the statement by CEO Nick Read in light of the Post Office Horizon scandal, or Boeing CEO David Calhoun answering questions in the US Senate, one word that keeps cropping up is ‘listening’. More →

Nearly all CEOs now say they work across different locations

Nearly all CEOs now say they work across different locations

by • Flexible working, News, Property

CEOs are leading by example when it comes to hybrid working, with nine in 10 (93 percent) saying they have personally adopted flexible working patternsCEOs are leading by example when it comes to hybrid working, with nine in 10 (93 percent) saying they have personally adopted flexible working patterns according to a new poll. The survey of more than 500 CEOs by International Workplace Group suggests that the vast majority now split their working time between locations. Just 7 percent said they spend five days a week working from a central office. More →

Crown estate announces details of latest London commercial property developments

Crown estate announces details of latest London commercial property developments

by • Company news, Property

The Crown Estate has unveiled details of its pipeline of commercial property developments in London’s West End.The Crown Estate has unveiled details of its pipeline of commercial property developments in London’s West End. According to The Crown Estate, the first three projects, which have a Gross Development Value of over £430 million, will deliver 250,000 sq ft of office, leisure and retail space in the heart of the Capital, which it claims will help to stimulate the renewal of the West End, attract global investment and contribute to the wider success of London. More →

Understanding enterprise search software and its importance in the business landscape

Understanding enterprise search software and its importance in the business landscape

by • Company news

Businessman using enterprise search tool and talking on the phoneAs the digital landscape of business continues to expand, the ability to navigate vast repositories of information swiftly and accurately is no longer a luxury—it’s a necessity. In this article, we will explore the span of enterprise search, its central features, and the positive outcomes it ripples through an organization. Keep reading to understand how enterprise search software can transform your business processes. More →

People are increasingly comfortable with – and scared of – AI

People are increasingly comfortable with – and scared of – AI

by • AI, News

The sentiments of employees around the world about AI and GenAI are evolving significantly, but cautious optimism endures, with 42 percent reporting confidence about the technologies’ impact on their work, compared to 26 percent at around this time last year. However, anxiety about the technologies is also on the rise, by 5 percentage points, and 49 percent of regular users believe their job may disappear in the next ten years, a view shared by only 24 percent of workers who do not use them. More →

Office market upheaval means uncertain times for landlords

Office market upheaval means uncertain times for landlords

by • News, Property

The UK office market is facing a period of significant upheaval, according to a new survey commissioned by workspace provider infinitSpaceThe UK office market is facing a period of significant upheaval, according to a new survey commissioned by workspace provider infinitSpace. The research paints what it says is a concerning picture for landlords, with a sizeable portion battling financial strain and even potential closure. Over 14 percent of the 250 surveyed landlords fear their office buildings could shut down within the next five years due to affordability concerns. More →

Europe lacks skills in key technologies such as AI, quantum and space

Europe lacks skills in key technologies such as AI, quantum and space

by • AI, News, Technology

Critical gaps have formed across the technology sector in Europe, with skills, investment and innovation being stunted in vital areas such as AI, quantum computing and space technologyCritical gaps have formed across Europe’s technology sector, with skills, investment and innovation being stunted in vital areas such as AI, quantum computing and space technology, according to a report from DIGITALEUROPE. The study titled ‘The EU’s Critical Gap: Rethinking Economic Security to Put Europe Back on the Map,’ claims that Europe is significantly lagging in key technologies. Among 8 technologies that were analysed, Europe was shown to be lagging behind in 7, only leading in advanced connectivity, with major investments and profits in this sector are being led primarily by the US. More →

Forget Cannes. Commercial property sector hits the North to great effect

Forget Cannes. Commercial property sector hits the North to great effect

by • Cities, Comment, Property, Public Sector

Away from London and Cannes, the commercial property sector is holding meaningful forward looking conversationsAn hour or two on the train from that part of the UK that gets talked about most and much better optics for local authorities to chase private investment than the South of France, little wonder the UK’s Real Estate Investment and Infrastructure Forum (UK REiiF) proved so popular this year. Over 13,000 attendees descended on Leeds for three days in May this year, a figure all the more remarkable when considering the event only started in 2022 with nearly 4000 attendees, which it nearly doubled the following year. Back to 2024 then and housing was a strong focus but that’s not to say some interesting stories from the commercial property sector didn’t also arise. More →

A brief history of the future of work

A brief history of the future of work

by • Features, Flexible working, Technology, Working culture

The future of work has always existed but never arrives. It is best seen as a way of thinking about current and emerging issues The past few years and our current predicaments should serves as a reminder of that tragic, unchangeable feature of the human condition, best expressed by Kierkegaard, that we are doomed to live our lives forwards but only understand them backwards. Retrospect is particularly important when we look back on sudden, large changes that knock us off our normal path. It’s important to remember this as we continue to grapple with the nature of the present and future of work in the wake of the pandemic. More →

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