Search Results for: real estate

New survey reveals risks of cutting costs in corporate real estate

JLL ReportA new report from Jones Lang LaSalle claims to highlight how those firms who see their property as a driver of added value rather than a cost reap rewards in the form of higher revenue, employee performance and shareholder returns. In contrast, those firms who view their facilities as a cost and seek to reduce those costs for short term gain are, in fact, storing up long term problems and risks. JLL’s report – Global Corporate Real Estate Trends – claims to reveal the top five corporate real estate risks, including negative impacts on competitive advantage and profitability from cost cutting, procurement processes, lack of collaboration between functions and failure to drive productivity.

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Winners announced for 2013 real estate thought leadership

CoreNet Global 2013 Awards for Industry Excellence, Economic Development and Sustainable Leadership:

An organisation that helps businesses set up or expand their offices in the San Francisco Bay Area and Google’s campaign to source more sustainable building materials are amongst the initiatives which have been recognized in CoreNet’s awards for Industry Excellence, Economic Development and Sustainable Leadership. Fidelity, Panasonic, Google, the Brick City Development Corporation and the San Francisco Center for Economic Development are all named as winners for three annual best practices awards by the corporate real estate (CRE) and workplace association. The awards are presented each year to industry leaders who demonstrate best-in-class practices in advancing corporate real estate thought leadership. More →

Global sustainable real estate securities fund announced

A global sustainable property fund that invests in Real Estate Investment Trusts (REIT) and other publicly traded property companies that meet environmental and social sustainability criteria, has been launched by US real estate investment firm European Investors Incorporated (EII). The focus will be primarily on global equities of companies involved in the ownership, management, development and financing of commercial and residential properties that strive to meet sustainability requirements.
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TMT & workplace design + Real-estate decision making + Dutch productivity 0

Insight_twitter_logo_2In this week’s Newsletter Andrew Brown explains why the Dutch are regarded as leaders in ideas on productivity; Mark Eltringham says the TMT sector may push the office design boundaries, but much of what they’re doing isn’t unique to them; and Sara Bean reveals just 1 percent of men have so far taken up the opportunity of Shared Parental Leave (SPL). In news; the global economy, workforce strategies and rising costs all influence real estate decision-making; Londoners are unsure and often un-consulted on the proliferation of high rise buildings; HR best practice proved to improve business performance and disturbing evidence that mobile phone users movements are being monitored. Download our Insight Briefing, produced in partnership with Connection, on how the boundless office can be freed from the shackles of time and place and access the latest issue of Work&Place. Visit our new events page, follow us on Twitter and join our LinkedIn Group to discuss these and other stories.

Government commits to a further £2billion cut in property estate

More than £2 billion in savings will be realised from the sale of UK public sector real estate and other efficiencies, Minister Jacob Rees-Mogg has announced. The savings are part of the new Government Property Strategy, which has now been published.  As part of the plans, the government will sell £1.5 billion of property assets over the next three years as projects such as the Government Hubs programme sees government staff consolidated into fewer buildings. £500 million of savings will also be made by reducing operating costs, using modern building materials and energy sources, and cutting spend on leases. More →

What really happens when we start using offices again?

What really happens when we start using offices again?

officesShould I stay or should I go? – we have all faced that dilemma in recent weeks with our offices opened by hopeful employers versus the enticement of a warm kitchen, fresh coffee and swerving a long commute also on offer. It is a decision we are all having to make and, which seems loaded with potential, previously unimagined outcomes. More →

The workplace has reached an inflection point as it adjusts to new realities

The workplace has reached an inflection point as it adjusts to new realities

workplaceWe can confidently say this is a new era for the workplace. Covid-19 has forced a radical rethink about the purpose of the office and its role in reaffirming company culture. Enlightened property directors are resisting knee-jerk responses to predictions that Covid spells the demise of the office including the wholesale migration to home-working. Instead, they are challenging plans to dramatically downsize the workplace and corporate real estate. They are also acutely aware that distancing, transmission and sanitisation are here for the long-haul. This will continue to have a profound impact on occupancy levels and the interactions that are necessary for business success. More →

Government continues with massive reduction in size of public sector estate

Government continues with massive reduction in size of public sector estate

Work to reduce the UK government estate has seen its size fall by 156,000 square metres over the past year. This makes the estate a third smaller than it was in 2010 – creating a saving in real terms of £760 million in running costs, according to the Government. Today’s State of the Estate report also claims that a further £750 million in capital receipts has been generated this year from the sale of over 400 sites, delivering a total of £2.4bn in capital receipts over the past three years. At the same time, vacant space across the government estate is just 1.4 percent, which is significantly lower than in the private sector, according to the report.

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Crown Estate HQ becomes first office in Europe to achieve WELL Platinum Certification

Crown Estate HQ becomes first office in Europe to achieve WELL Platinum Certification

The Crown Estate has announced that it has been awarded WELL Certification at the Platinum Level for its head office at No 1 St James’s Market, London by the International WELL Building Institute. The Crown Estate earned the distinction based on seven categories of building performance—air, water, light, nourishment, fitness, comfort and mind—and achieved a Platinum level rating.

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UK government property agency opens bidding for huge estates framework

UK government property agency opens bidding for huge estates framework 0

The UK government has opened the tendering process the Estates Professional Services framework, the vast public sector property contract that covers all central and local government property and which reports claim is worth up to £430m in fees to the firms appointed. The bid is managed by the Crown Commercial Service, an agency sponsored by the Cabinet Office which has been driving the major overhaul of  public sector property as it seeks to save £8 billion through a programme of rationalisation and divestment. The contract runs for four years with the present framework due to expire this September.

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Government set to extend groundbreaking One Public Sector Estate programme

Government set to extend groundbreaking One Public Sector Estate programme 0

derby-council-offices-public-sector-estateThe UK Government has announced that it is to further extend its groundbreaking One Public Sector Estate scheme which supports local authorities and public sector bodies in the sharing and divestment of underutilised property. The Cabinet Office and Local Government Association have issued a joint announcement that 159 councils will join the next phase of the One Public Estate programme and that £7.5 million has been awarded to 37 partnerships made up of councils and public sector bodies. The funding will support cross public sector partnerships to work collaboratively on land and property initiatives leading to new jobs, new homes, joined up public services and savings for the taxpayer. The programme was initially launched in 2013 and has been extended to a number of local authorities and public sector bodies since

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Crown Estate first national property company to be Living Wage accredited

Crown Estate first national property company to be Living Wage accredited

Living wageThe Crown Estate has become the first national property business to accredit as a Living Wage employer. The Living Wage commitment aims to ensure that everyone working for The Crown Estate, regardless of whether they are permanent employees or contractors, receives a minimum hourly wage of £9.15 per hour in London and £7.85 per hour outside of London, significantly above the national minimum wage of £6.50. The Living Wage is calculated according to the basic cost of living in the UK and is accredited by the national Living Wage Foundation (LWF). A study examining the business benefits of implementing a Living Wage policy in London found that more than 80 per cent of employers believe that the Living Wage had enhanced the quality of the work of their staff, while absenteeism had fallen by approximately 25 per cent.

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