Search Results for: investment

October 13, 2014

Huge increase in Glasgow and Edinburgh office leasing activity, as demand grows

by Sara Bean • Facilities management, News, Property

Glasgow and Edinburgh have both seen more than 80 per cent growth in office leasing activity in the past year. A comparison of Scotland’s two major cities to other major cities on the continent at a recent JLL Research Seminar revealed that leasing activity in Glasgow increased by more than 120 per cent between July 2013 and June 2014, in comparison to the same period from 2012-2013. The increase in leasing activity placed Glasgow at the top of the list of forty comparable European cities. Edinburgh is fourth in the list with an increase in activity of around 80 per cent. The office markets of Edinburgh and Glasgow are expected to see continued high levels of occupier demand, an increase in investment activity and a strong performance from business parks. However, Edinburgh’s weakness is a lack of scale, and Glasgow’s is flat population growth; and though leasing markets in both cities are showing very strong recovery, vacancy rates are falling and Grade A space remains scarce. More →

October 8, 2014

New property programme supports co-working between tech businesses

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

Over the next decade, London’s digital tech sector is expected to grow at a rate of 5.1 per cent per annum, creating an additional £12 billion of economic activity and 46,000 new jobs, which in turn is driving change in the commercial property market. Now the rapid rise of the UK property tech market is to get a boost with the announcement of a programme which provides tech companies with access to investment, mentoring and co-working business space. In a strategic partnership with Cushman & Wakefield and Spire Ventures; Pi Labs, Europe’s first property-focused technology accelerator company, will invite start-ups to apply to join the Pi Labs accelerator programme. This will be located within ‘Second Home’, a new iconic 20,000 sq. ft. co-working space in Shoreditch, designed to set new global standards in the provision of stimulating private and social workplace environments supporting collaboration and co-working amongst creative and technology businesses.
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October 6, 2014

We’ve long had ‘overwhelming evidence’ for the link between office design and productivity

by Mark Eltringham • Comment, Facilities management, Workplace, Workplace design

Perhaps the most widely reported news from the world of workplace over the last couple of weeks has been the analysis from the World Green Building Council that links office design with productivity and wellness. And the two words from the report that have featured most commonly in the associated stories’ headlines have been ‘overwhelming evidence’. While this has been repeated as if it’s some kind of revelation, the truth is that we have had compelling and overwhelming evidence for many years, and barely a year goes past without some study or other making the same point in no uncertain terms. Each report merely serves to raise a more interesting question; given the sheer body of work linking the workplace with productivity (and happiness and motivation and so on), why does the argument still need to be made?

October 3, 2014

New innovatively designed West End office development nearly fully let

by Sara Bean • Company news, News, Property, Workplace design

10 Portman Square, an innovatively designed office building based in London’s West End, is nearly fully occupied, following an agreement by Ardagh Glass to lease 10,250 sq ft of office space from British Land. Award-winning architecture and interior design practice Jestico+Whiles led the design of 10 Portman Square, which offers column-free floorplates of 18,500 sq ft, and benefits from natural light on all four sides with views across Portman Square. Ardagh Glass will occupy part of the first floor, to join investment management company Independent Franchise Partners, who agreed terms on the other half of the first floor in July. The building, which provides 113,700 sq ft of Grade A office space over seven floors, is also home to Aspect Capital, Arrowgrass Capital Partners and Aramco Overseas Company. The latest deal brings occupancy across the 2.4 million sq ft West End office portfolio to 96 per cent. More →

September 30, 2014

Occupiers’ expansion plans fuel demand for Central London office space

by Sara Bean • Facilities management, News, Property

Amazon to move to Foster & Partners’ designed development Principal Place

The already intense levels of competition for prime Central London office space look set to increase. New data by JLL reports that leasing figures in the Central London office market are set to top those reached in 2013, with City lettings showing potential to reach over 7 million sq ft for the second year in a row and the West End on track for 3.3 million sq ft by the close of 2014. Strong take-up in these markets, combined with a resurged market in the Docklands, will see Central London take-up figures on track to exceed last year’s total of 11 million sq ft. While consolidation and lease expiries have been main drivers up to now, a buoyant economy means occupiers expansion plans are bringing new requirements to the market. Amazon’s recent decision to take a 400,000 sq ft pre-let at mixed-used development Principal Place at Shoreditch, is an early example of this and it’s expected more occupiers will follow suit.

September 22, 2014

Winners of Design Guild Mark for 2014 announced by The Furniture Makers Company

by Mark Eltringham • Furniture, News, Products, Workplace design

The Furniture Makers’ Company used last week’s 100% Design show to announce the Design Guild Mark award recipients for this year. The Design Guild Mark, now in its seventh year since launching in 2008, rewards excellence in the design of furniture in volume production. According to the organisers, with the award of this Guild Mark for designs which meet The Furniture Makers’ Company criteria, the designers receive due recognition and the industry is made more aware of the importance of investment in design. The Design Guild Mark aims to acknowledge the work of the finest furniture designers working in volume production and the best of British furniture designers working abroad. This year’s winners include Pearson Lloyd’s RIYA task chair for Bene and a posthumous award for the classic Supporto Chair (above), designed by the late Frederick Scott and now manufactured by Zoeftig.

September 4, 2014

London ranked the best city to invest in major office refurbishment

by Sara Bean • Facilities management, News, Property, Workplace design

London offers the best returns on office refurbishment of any city in the world, according to a new report from ARCACDIS. The firm’s survey of buildings more than 20 years old in thirteen cities found that returns on capital invested in major refurbs (which extend the life of the office by up to 20 years) in London were nearly ten percent, significantly higher than second placed Warsaw (7.5%) and Milan (6%). However, London was only ranked second for return on investment in minor office refurbishment, defined as a refurbs that aims to extend the life of the building by up to 5 years. Top place in this instance went to Madrid (9.6%), followed by London (8.5%) and Shanghai (7.9%). The least attractive market for office refurbishment was found to be Dubai, which the report claims is due to the large supply of new office space.

August 28, 2014

Business leaders seem powerless to stem tide of always on working, claims report

by Mark Eltringham • News, Technology, Workplace

Amongst the reported findings in the latest edition of the annual Deloitte Global Human Capital Trends survey is a growing belief amongst business leaders that information overload and the always on working culture are significantly undermining personal wellbeing, engagement and productivity. This challenge has been identified before in the same report, but the latest edition perhaps signals that despite the high level of awareness of the issue at both a personal and general level, little is being achieved in terms of stemming the inexorable erosion of personal time. The report is based on a survey of more than 2,500 business leaders. It found that over a third think that constant access to work is undermining employee productivity and engagement and fewer than one in ten feel they are dealing with the problem adequately. More →

August 18, 2014

The CIPD is right to focus on the multi-generational workplace

by Justin Miller • Comment, Workplace, Workplace design

Amongst all the talk about Generation Y and its impact on the world of work, it can be easy to miss the fact that the modern workplace is not defined by one particular generation, but a number of them. The multi-generational workplace has significant implications for the way we design and manage offices. While we must avoid the more obvious stereotypes about the needs of different age groups, we must still offer spaces that can meet a wide range of cultural, physical and technological needs if we are to create productive workplaces.The latest organisation to bang the drum for the multi-generational workplace is the Chartered Institute of Personnel and Development. It has published new research together with the Scottish Centre for Healthy Working Lives into the experiences and attitudes of SMEs towards age diversity at work.

July 22, 2014

BIFM survey reveals lukewarm approach to sustainable facilities management

by Mark Eltringham • Environment, Facilities management, News

Sustainable facilities management A new report from the British Institute of Facilities Management reveals the lukewarm approach many UK organisations have to sustainable business practices generally and sustainable FM in particular. The study, based on online research carried out in the Spring with the University of Reading found that, while an overall majority (60 percent) of facilities managers think sustainability is effectively integrated in to their businesses, most operate on the ‘border of compliancy’. The report makes this conclusion based on the fact that its survey showed that over three quarters of respondents (78 percent) claimed that the main driver for the development of sustainability policies is corporate image and a similar proportion (77 percent). The report concludes that this ‘suggests a ‘box-ticking’ approach to sustainability instead of businesses embracing and investing in longer-term practices and the advantages of spending to save’.

July 22, 2014

BCO study finds office remains the best place to do business

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

The challenge for the typical office is that it is meant to satisfy a broad range of individuals and a variety of working practices; which means what some may describe as a distracting open-plan layout, others would view as a busy collaborative workspace. These conflicts are highlighted in a new study by the British Council for Offices (BCO), Morgan Lovell and Hatch, which surveyed 2,000 UK office workers’ working conditions, attitudes and expectations. For example while over two thirds were critical of the distractions of the open-plan office, nine out of ten employees believe that support from colleagues enhances their wellbeing. Putting aside the open-plan debate, the study espouses the continued importance of the office as the best place to do business and comes up with three key starting points to help employers create a culture of wellbeing: care; control and collaboration. More →

July 16, 2014

Three ways in which politicians display their ignorance of the workplace

by Mark Eltringham • Comment, Facilities management, Flexible working, Technology, Workplace, Workplace design

The recent Cabinet reshuffle in the UK Government won’t alter one fact; politicians simply don’t get it when it comes to technology, the workplace, the way people work and the needs of small businesses. Once you dismiss the paranoid idea that they DO get it but don’t care because they’re too busy looking out for The Man, you have to conclude that one of the big problems they have (this won’t go where you think) is that they don’t understand anything about technology and work, especially when it comes to emerging technology, the working lives of individuals, the needs and functions of small businesses and the fact the self-employed exist at all. These things exist outside the bubble. This is obviously a problem because they are implementing policies and making big, uninformed and anachronistic decisions about the things that shape every aspect of our lives, help to define us as people and determine how companies and individuals function. Here are just three examples.