Search Results for: workplace

February 6, 2014

London office rents are set to reach historic high by 2018

London office rents are set to reach an historic high by 2018, fuelled by demand from the technology, media and telecoms (TMT) sector. Demand for office space by technology and media firms across central London was more than double of the finance sector in 2013, with major deals signed by Google, Amazon, Facebook, Twitter, News Corp, and Ogilvy & Mather. According to data from Knight Frank, record levels of overseas investment are helping London build its reputation as a global hub. Geographically, it is not just the City and the West End that are seeing a massive surge in demand; take-up in Docklands increased by nearly 20 per cent last year, while completely new districts are emerging which include London Bridge, Battersea and Nine Elms. More →

February 5, 2014

Corruption in procurement perceived as widespread across EU

by Mark Eltringham • Facilities management, News, Public Sector

According to the EU’s newly published Anti Corruption Report, around 15 percent UK firms believe that corruption has prevented them from winning a public contract at at least one point during the past three years. Although this rate compares favourably with an EU average of 32 percent, the report concludes that the total cost to the European economy of corruption is some €120 billion. The most commonly cited practices cited by the firms responding to the survey included specifications and procurement processes tailored for certain firms, conflicts of interest in bid evaluation and collusion between suppliers. Although under a fifth of UK businesses claim to have been directly affected, nearly half (46 percent) feel corruption is widespread compared to an EU average of 75 percent.

February 4, 2014

Arup announces first Manchester office relocation in over 40 years

by Sara Bean • Company news, Property

Arup has announced it is to take 20,000 sq ft of Grade A office space at the Carlyle Group’s Three Piccadilly Place in Manchester. The TSK Group has been appointed to design and deliver the engineering and property consultancy’s first new Manchester office relocation in over 40 years. Three Piccadilly Place comprises 190,000 sq ft of flexible workspace over 11 floors, with 9,300 sq ft of retail space on the ground floor. Keith Rudd, Arup Director and leader of Arup’s Manchester office explained: “The relocation has been a major decision, driven by the growth and breadth of services we now offer across a range of sectors. As an employee owned firm, it’s important we have the right environment to attract and retain the best people, to enable us to continue to deliver great work for our clients.” More →

February 4, 2014

Strongest growth in commercial construction activity since 2007

by Sara Bean • News, Property

The construction industry has had its best month for almost six-and-a-half years; including the largest increase in commercial activity since August 2007. Although the upturn was led by house building, which increased for the twelfth successive month; surging growth was also recorded for commercial construction and civil engineering, due to increased spending by business on infrastructure, office space, industrial units and retail outlets. The Markit/CIPS Construction PMI™ rose from 62.1 in December to 64.6, its highest since August 2007 – one of the strongest growth rates seen since survey data were first collected in 1997. The index shows that while house building has been rising for a full year, commercial building and civil engineering only started recovering in earnest last summer. However, growth of both has now accelerated sharply. More →

February 4, 2014

Oil and gas firm moves in as regeneration of London’s Victoria area continues

by Sara Bean • Company news, Property

The regeneration of London’s Victoria area continues with the news that Land Securities has let a further 18,000 sq ft at its 123 Victoria Street SW1 development. Oil and gas exploration company Ophir Energy PLC is relocating from its Mayfair headquarters to join existing tenants such as US software company Intuit, CDC Group, CPA Global and Jimmy Choo. This latest letting means 123 Victoria Street is now 93 per cent let with just 17,000 sq ft still available. Kaela Fenn-Smith, Head of Leasing at Land Securities, said: “We are delighted to welcome Ophir Energy to 123 Victoria Street. Their decision to move from Mayfair and choose Victoria as their new home reflects the area’s ever-increasing reputation as a vibrant destination for forward-thinking companies.” More →

February 3, 2014

3D printed pizzas – the future of fast food for (very) remote workers

by Mark Eltringham • Comment, Flexible working

The printed word may be on its way out, but how about the printed lunch? Last year, an Indian engineer called Anjan Contractor was commissioned by NASA to develop a working 3D pizza printer and has now announced his first prototype. The machine prints each pizza in layers with dried ingredients from cartridges that Anjan Contractor claims can last up to 30 years and cook in just over a minute. If NASA pushes ahead with the idea, it will mean that astronauts will be able to enjoy at least some semblance of fast food in space, while the rest of us can speculate at the implications for the UK’s growing army of homeworkers and road warriors currently subsisting on biscuits, coffee and Ginsters’ pasties. Video (if you must) below.

January 31, 2014

Urban designers must take the lead to ensure healthier cities says RIBA

by Sara Bean • Architecture, News

Birmingham had the least physically active adults

The link between design, urbanism, and public health is under renewed scrutiny. Last year, the American Institute of Architects (AIA) launched a collaboration with the Massachusetts Institute of Technology Center for Advanced Urbanism (CAU) and the Clinton Global Initiative to look at ways urban design can address US public health challenges. The Royal Institute of British Architects (RIBA) has now published exclusive research which reveals the clear link between land use and public health in English cities. ‘City Health Check – How Design Can Save Lives and Money’ compared the nine most populated cities in England – Birmingham, Bristol, Leeds, Liverpool, London, Manchester, Newcastle, Nottingham and Sheffield – and Birmingham and Liverpool were found to be the worst cities for health. More →

January 31, 2014

Economic recovery may be constrained by lack of skills and office space

by Mark Eltringham • Property, Technology, Workplace

There are signs that the nascent recovery in the UK economy is already starting to put pressure on the availability of skilled employees and appropriate commercial property for the most rapidly growing sectors. While the Government has announced that the UK’s economy has been growing at its fastest rate since 2007, a new survey published by the UK Commission for Employment and Skills (UKCES ) has claimed that nearly a quarter of vacancies in the UK have gone unfilled because of a shortage of much-needed skills. At the same time, claims a new report from DTZ, demand for commercial property is strengthening with take-up growing across the country while the availability of Grade A office space is declining rapidly.

January 30, 2014

RICS global research charts ways for FMs to prove strategic worth

by Sara Bean • Facilities management, Knowledge, News, Property

Facilities managers across the globe need to prove the value of FM to board level directors and establish their role as a strategic and essential business function. A new global RICS Research report Raising the Bar: City Roundtables (Phase II), launched in Washington DC this week, calls for innovative new dimensions of measurement to prove FM’s effectiveness and its impact on productivity and profitability. Authored by Occupiers Journal Ltd, the report builds on findings from RICS’ 2012 research Raising the Bar: Enhancing the Strategic Role of Facilities Management (Phase I), which provided robust evidence for high-performing organisations to introduce FM as a strategic management discipline. The research also provided recommendations to support leading FM practitioners in becoming more strategic. More →

January 29, 2014

Green Building Council slams PM’s plans to slash environmental guidance

by Sara Bean • Environment, Facilities management, Legal news, Property

The UK Green Building Council has condemned Prime Minister David Cameron’s pledge to scrap realms of environmental guidance. In a speech to the Federation of Small Businesses earlier this week, the Prime Minister said that by March 2015 Defra will have slashed 80,000 pages of environmental guidance, saving businesses around £100 million per year; “to make it vastly easier and cheaper for businesses to meet environmental obligations.” However Paul King, Chief Executive at the UK Green Building Council, branded the move utterly reprehensible. He said: “The Prime Minister’s boasts of ‘slashing 80,000 pages’ of environmental guidance is. It is the same poisonous political rhetoric from Number 10, devaluing environmental regulation in a slash and burn manner. These words are not only damaging and irresponsible, but misrepresent the wishes of so many modern businesses, both large and small.” More →

January 28, 2014

International serviced office provider in first single floor letting for ‘Cheesegrater’

by Sara Bean • Company news, News, Property

British Land and Oxford Properties have announced the Leadenhall Building in the City of London – known as the ‘Cheesegrater’ due to its distinctive tapered profile – has been let to serviced office business Servcorp. The Sydney-based firm already provides businesses with flexible space in some of the world’s most famous buildings, including The Seagram Building, Park Avenue, New York, IFC 2 Hong Kong, Trust Tower Marunouchi, Tokyo and Emirates Towers, Dubai. This, the first single floor letting in the building, is on the 30th floor, which provides 11,851 sq ft of space. Because of the building’s design, floorplates range from 21,000 sq ft on level 5 to 6,200 sq ft on the top floor (level 45). More →