Search Results for: investment

June 8, 2016

Cities must lead the way in cutting carbon emissions says IEA ⁰

by Sara Bean • Cities, Environment, Facilities management, News, Technology

With urban areas accounting for up to two-thirds of the potential to reduce global carbon emissions, cities must take the lead in the transition to low-carbon energy, says the International Energy Agency (IEA) in its annual report. Offering long-term pathways that could limit the global temperature increase to no more than 2°C, in line with the goals set at the Paris climate conference (COP21) in December 2015, the report suggests that the most cost-effective approach involves deploying low-carbon options in cities, especially in emerging and developing economies. Because buildings provide useful space to self-generate the electricity they consume: by 2050, rooftop solar could technically meet one-third of electricity demand. Such buildings offer significant demand potential for the roll-out of the most efficient technologies, like energy-efficient windows and appliances. However, international collaboration is essential, claims the report.

(more…)

June 3, 2016

Commercial real estate failing to meet sustainability standards ⁰

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

There is an urgent need for more action and greater leadership in tackling sustainability requirements in commercial real estate. Just a handful of large companies are meeting sustainability challenges, according to Bilfinger GVA’s sixth Green to Gold survey on the risks of rising sustainability pressures and market demands, with the progress being made not as strong as expected. Although 84 percent of respondents acknowledged that they have a sustainability strategy in place, there are still huge gaps that need to be filled in order to meet appropriate standards. Only 50 percent admitted to assessing operational energy efficiency, whilst 63 percent are not assigning specific figures for the costs or benefits of sustainability issues in investment appraisal calculations. Added to this, 43 percent are yet to assess their portfolio’s risk profile with regards to Minimum Energy Efficiency Standards. This means the industry now finds itself with more to achieve in significantly less time.

(more…)

May 25, 2016

Limited budgets greatest challenge to wellness programmes at work ⁰

by Sara Bean • News, Wellbeing, Workplace

Sixty-five per cent of respondents in a new survey across Europe, the Middle East and Africa claim that stress and mental health are the health and wellness issues they are most concerned about. Fifty-three per cent say that employees’ physical health is the biggest issue, while unhealthy lifestyles are judged to be the biggest issue by 49 percent. However, according to the study from Aon, only 32 percent of employers have emotional or psychological health programmes in place and 69 percent say limited budgets are their biggest challenge. While 93 percent of employers see a correlation between health and employee performance, just 13 percent of respondents measure outcomes of health strategies. The findings pinpoint areas for improvement and make recommendations to increase health benefits take-up, improve measurement on the impact of health initiatives and to maximise the return on investment that firms make in employee health.

(more…)

May 17, 2016

Lack of productivity growth continues to impact on UK employment ⁰

by Sara Bean • Flexible working, News, Workplace

The Government to be more interventionist in its support and work in partnership with business to help improve organisations’ productivity to improve salaries and performance, the CIPD has said. This follows the second quarter in a row when the CIPD’s survey of employers has anticipated a pay figure below the Government’s official inflation target of 2 percent. The Labour Market Outlook highlights how low inflation, expanding labour supply and the lack of productivity growth are working in combination to reduce the economic pressure for employers to pay their staff more. The UK is now in its eighth year of a productivity slump, which for employees means that pay growth is likely to remain sluggish until at least the end of the decade and for employers means that low productivity leads to tightened budgets. This ‘jobs-rich, pay-poor’ economy is set to continue as pay awards are expected to only rise by 1.7 percent in the next year.

(more…)

May 17, 2016

Rent rises may help meet shortage of Grade A office space in Belfast ⁰

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

A chronic shortage of Grade A office space, especially those offering floor plates of over 10,000 sq ft in Belfast city means there is a growing acceptance in the market that Grade A rents need to continue to grow to encourage speculative development. This is due to the markets failure to provide suitable options within the City Core, finds the latest Belfast Offices Snapshot from Colliers. This lack of Grade A office stock Belfast has seen two well established Foreign Direct Investment companies (Allstate and Concentrix) bridge the gap from occupier to developer to secure their optimal property solution. However, the Belfast office market experienced a lower level of transactional activity in 2015 than expected. Take-up figures in 2015 totalled c.310,000 sq ft with the inclusion of the new c.100,000 sq ft Belfast City Council headquarters and therefore some way off the 2013 and 2014 take-up figures of 425,000 sq ft and 375,000 sq ft respectively.

(more…)

May 11, 2016

Central London office activity slows as EU uncertainty hits market ⁰

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

Given the level of uncertainty around June’s Referendum on the UK’s membership of the EU, the £11.9bn invested into commercial real estate during the first three months of 2016 appeared robust. However, 50 percent of Q1’s volume was in January, with the data from Lambert Smith Hampton showing that activity tapered off significantly in the following two months. Anecdotal evidence clearly linked the slowdown directly to the approaching vote. As a result there was a significant fall in activity, which translated into a very quiet quarter for Central London Offices, where volume halved quarter-on-quarter to £2.2bn, the lowest quarterly total since the last part of 2011. Given that financial services is widely regarded as the most exposed sector to a possible ‘Brexit’, this sector appears to have suffered most from investor caution.In marked contrast, investment in the rest of UK Offices has remained buoyant at £1.4bn, the highest quarterly total since the middle of 2007.

(more…)

May 9, 2016

Public neither knows nor cares about the coming era of smart cities ⁰

by Mark Eltringham • Cities, News, Technology

The smart city is the poster child for the new era of immersive digital living, but the British public remains ‘clueless or indifferent’ about the nature of smart cities and what they will mean for their lives, according to a new report entitled: Smart Cities – Time to involve the people published by the Institution of Engineering and Technology. The report claims that only 18 per cent of the British public has heard of a ‘smart city’ and many are unaware that city-wide technologies could improve the quality of life in urban areas. One third of respondents were unable to select the correct definition of a smart city from a list of options. Eight per cent of respondents opted for “a city that has a higher than average proportion of universities and colleges and aims to attract the most intellectual”. And a further five per cent saw it as “a city that has a strict cleaning regime for its buildings, roads and public places”.

(more…)

May 5, 2016

The problems that come with London’s success need better solutions ⁰

by Mark Eltringham • Architecture, Cities, Comment

We might all welcome London’s success as a thriving centre of commerce and culture, but this comes at a price and we need to look for a better balance than we currently see between London and the rest of the UK. Of course London is often the main victim of its own success. Its thriving tech and creative firms continue to spill out of the incubator districts created for them to find cheaper and more appropriate spaces in which to grow. In doing so they are pushing up rents in such unlikely nearby places as Croydon. In the traditional business districts in the City and Docklands, the capital’s tech giants are now able to compete for the first time for some of the most expensive real estate on the planet. To cope with demand, the Mayor is rubberstamping tall buildings like never before, many of them bloody awful, unloved by Londoners and heritage organisations alike, transforming the skyline and creating windswept, arid tundra at their feet.

(more…)

May 3, 2016

Remote working may be the answer to the housing crisis, claims report ⁰

by Mark Eltringham • Cities, Flexible working, News, Technology

A new report from techUK and Citrix claims that the UK’s housing crisis is exacerbated by the majority of workers (59 percent) working on the basis that there is greater potential for securing employment by living and working in large cities. The Housing Crisis: a Digital Solution (download) is based on data from YouGov research into the expectations of 1,243 UK knowledge workers with the potential to enjoy remote working. The report claims that the burden that location-dependent work places on large cities could be significantly reduced by allowing workers to work remotely, as over half of British workers (54 per cent) stated they would be likely to relocate to a rural area if they could still perform their role to the same level. However, while many workers would relocate if they could, connectivity, transport and corporate culture were all cited as challenges to achieving this especially when 48 per cent of rural premises don’t have access to high-speed broadband internet.

(more…)

April 28, 2016

UK, Germany, Switzerland and Poland lag Europe in flexible working ⁰

by Sara Bean • Facilities management, Flexible working, News, Workplace

A new report has verified the value of flexible working by showing a positive correlation between employee happiness and the adoption of flexible working practices. Yet, the research conducted by IDC and sponsored by Cornerstone OnDemand also reveals that flexible working practices have been taken up at different speeds across Europe, where the lowest flexible working maturity appears to be clustered in Central and Eastern Europe, as well as the UK. Business managers and HR respondents stated a low level of flexible working adoption in Poland, the UK, Switzerland and Germany – surprising, given the competitive labour market in these regions. The Nordics, Spain, Benelux and Austria were perceived to be the most mature when it came to flexible working options. Among the respondents from Poland, less than 50 percent of those surveyed were allowed to work from home, while the figure for the Nordic countries was 87 percent.

(more…)

April 28, 2016

London’s office occupiers likely to move out to regions over next decade ⁰

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

The high costs associated with accommodating staff in London will lead to a trend over the next decade of office occupiers moving away from the capital to the major cities around the UK. This is according to the 2016 edition of property consultancy Lambert Smith Hampton’s annual Office Market Report, which highlights the significant and growing difference in premises, staff and housing costs between Central London and the UK’s other key cities. For cities such as Bristol, Manchester and Birmingham, staff and premises costs (including rent, business rates, day-to-day running costs etc) for a new-build office collectively amount to just over £50,000 per workstation. Measured on the same basis, a workstation in London’s Midtown area carries an annual cost of well over £80,000. In practice, this means that the overall cost of occupying a new-build office in a location such as Bristol for 500 staff stands at £27m per annum; in Midtown, the total cost would be over £13m higher each year.

(more…)

April 27, 2016

Digital divide in businesses is holding back the British economy ⁰

by Mark Eltringham • News, Technology

A digital divide is opening up across the British economy, with just over half (55 percent) of “pioneer” firms adopting digital technologies and processes, while the other half (45 percent) are falling behind, according to new research by the CBI and IBM. Despite the UK taking top place globally for e-commerce and fifth place for the availability of technology, it ranks only fourteenth in the world for company-level adoption of digital technology, with many companies struggling to digitise their businesses at the rate of peers in other countries. Companies cite a mix of connectivity challenges and security concerns as barriers to digital adoption, but predominantly they are hindered by a lack of appropriate skills inside their business (42 percent of firms) and an unclear return on investment (33 percent). The report’s findings for the UK echo those of a global study carried out by Cognizant.