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Focus shifts to refurbishment as new office building in London falls by half

Focus shifts to refurbishment as new office building in London falls by half

by • News, Property

office building and constructionThe construction of new offices in central London has declined by half (50 percent) in six months as developers and occupiers shift their focus to refurbishment, according to Deloitte Real Estate’s latest London Office Crane Survey. The crane survey analysed office building data over the six months to 30 September, and included a poll of London’s biggest developers conducted at the end of September. The total office space under construction in central London is now 15.1 million sq ft. This is similar to the level recorded in the previous survey (15.3 million sq ft, the highest since 2002) as developments are now taking longer to complete. More →

Plan submitted for London`s first net-zero carbon commercial property

Plan submitted for London`s first net-zero carbon commercial property

by • Company news, Environment, Property, Workplace design

CarbonClimate change has accelerated the urgency to address the way people live and work. With the UK’s aim to become carbon neutral by 2050, CIT and Foster + Partners want to help realise this ambition sooner, submitting a planning application for London’s first ever net-zero carbon workplace and commercial hub at Colechurch House, on the banks of the Thames. More →

Vitra to move London showroom from Clerkenwell to King`s Cross

Vitra to move London showroom from Clerkenwell to King`s Cross

by • Company news, Workplace design

Vitra Dancing WallAfter 20 years in their Clerkenwell showroom, global design brand Vitra is set to move into a new space in Rolling Stock Yard, Kings Cross, which will open in January 2021. The temporary Kings Cross space will host a working installation looking at new office solutions for more flexible working. Vitra will open a new permanent UK flagship showroom in the Summer of 2021 and will announce the location in the coming months. The move comes as Vitra’s lease on its current Clerkenwell space draws to an end. More →

Unused office space could cost London businesses almost £13 billion

Unused office space could cost London businesses almost £13 billion

by • Business, Facilities management, News, Property

Office spaceUnused office space after coronavirus could cost London-based businesses almost £13 billion according to a new report by Space Three Two, a new office timeshare marketplace born out of lockdown. According to a survey of London office workers, employees want to spend an average of 2.7 days back in the office once all Covid-19 restrictions have been lifted. 1 in 10 workers said didn’t want to go back to the office at all. More →

BCO London Region Awards winners announced

BCO London Region Awards winners announced

by • Company news, News, Property, Workplace design

Five businesses have been recognised in London at the annual British Council for Offices’ (BCO) regional awards. This year, the prestigious event was held virtually as part of the BCO’s Festival Awards Week, which recognises the highest quality developments in the UK and sets the standard for excellence in the regional and national office sector. More →

Project management firm Bruceshaw London rebrands to Concert

Project management firm Bruceshaw London rebrands to Concert

by • Company news

As of today,  15 October 2020, project management firm Bruceshaw London has changed its name to Concert. The company says the change reflects the increasingly vital role of the Project Manager and Cost Consultant in the construction sector. The rebrand is the result of an extensive engagement programme with clients and employees, as well as an investigation of the wider market in which it operates. The firm says new brand capitalises on over 46 years of industry experience and knowledge, whilst focusing the lens firmly on excellence and future growth. More →

The London showroom of KI goes virtual

The London showroom of KI goes virtual

by • Company news

KI’s Central London HQ & showroom has been refreshed with the newest product displays and work settings, which for the first time can be viewed online via a virtual showroom tour. Whilst the space is open and receiving visitors, this new interactive, self-guided tour is particularly helpful in the current climate of restricted travel and social distancing concerns. With a few clicks on the KI Europe website, you can visit the office and showroom anytime and anywhere – you can even walk around the showroom using a VR headset. Whether you are refreshing your memory of a recent visit or viewing the space for the first time, this is a great way to preview KI furniture in situ. More →

Central London office leases fall by over half in second quarter of 2020

Central London office leases fall by over half in second quarter of 2020

by • News, Property

According to research from DeVono Cresa, the second quarter of 2020 saw 1.2 million sq. ft of office space leased across central London – a drop of 57 percent on the previous quarter. With the market feeling the full effects of the COVID-19 lockdown, demand, availability and rents in central London all trended as predicted, but with the pace somewhat subdued. Q1 2009, at the time of the Global Financial Crisis (921,000 sq. ft leased), remains the lowest quarter of take-up. More →

Job market in London hit hardest by coronavirus pandemic

Job market in London hit hardest by coronavirus pandemic

by • News, Workplace

London job marketNew analysis of online vacancy data suggests that parts of London are now the most economically at risk from the coronavirus pandemic. The analysis of the UK job market compares the number of people claiming unemployment-related benefits in each local area with the number of vacancies. It claims that the four areas with the highest number of unemployed per vacancy are London Boroughs – Lambeth, Haringey, Brent, and Barking and Dagenham – with more than forty claimants chasing each available job. More than a third of all areas with thirty or more claimants-per-vacancy are London Boroughs. More →

Londoners` demand for a healthier commute is redefining the office market 

Londoners` demand for a healthier commute is redefining the office market 

by • News, Property

Leo coworking space in North LondonNew statistics released by workspace provider The Argyll Club suggest that the main concern for London’s businesses post lockdown is whether employees can get to and from work safely. Also, in an encouraging sign for the City’s office market, 50 percent of businesses are already making enquiries into larger office space.

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London tops rank of smartest cities in the world

London tops rank of smartest cities in the world

by • Cities, News

London has once again been declared the smartest city in the world, according to the seventh edition of the IESE Cities in Motion Index 2020. New York takes the second spot, followed by Paris. The top 10 list is rounded out by Tokyo, Reykjavik, Copenhagen, Berlin, Amsterdam, Singapore and Hong Kong. More →

Demand for London office space plummets, but will bounce back (to an extent)

Demand for London office space plummets, but will bounce back (to an extent)

by • News, Property

London office spaceThe impact of the measures taken to curtail the spread of COVID-19 have dramatically changed the working landscape, not least of all for the commercial property market, claims a new report from property consultancy DeVono Cresa. Commercial occupier demand for London office space fell by 30 percent across Q1 of 2020, according to the report. However, it also suggests that the market fundamentals at the end of March remain relevant and will dictate heavily on future real estate decisions. More →

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