Search Results for: investment

July 8, 2014

Mental health friendly workplaces will lead to a state of wellbeing says report

by Sara Bean • News, Public Sector, Workplace

Making places of work mental health friendly with government leading the way as an employer is one of the key recommendations of a landmark study on the state of mental health in England published today. Concluding the 12 month study on the state of wellbeing in England the CentreForum Mental Health Commission report reveals that mental health related sickness absence and lost productivity costs business up to £23.5 billion annually, and says that government must take the lead in tackling this problem by ensuring all public sector enterprises become mental health friendly employers. It also urges organisations with more than 500 employees to work towards that status. The Commission says the “pursuit of happiness” must become an explicit and measurable goal of government if the £105 billion annual cost of mental illness in England is to be reduced and identifies five key priorities between now and 2020. More →

July 2, 2014

RIBA calls on next Government to put built environment centre stage

by Sara Bean • Architecture, News, Property, Public Sector

A new report from The Royal Institute of British Architects (RIBA) sets out a number of recommendations for the next UK Government and calls for greater economic leadership from English cities to rebalance the UK economy and take some of the pressure off London and the South East. RIBA’s report, Building Better Britain: A vision for the next Government, advises that by focusing on architecture and the built environment, the next Government will be better placed to address a sluggish economy, a shortage of new homes, an aging population and the effects of climate change. Building on the findings of the Farrell Review, the report is intended to provide policy makers with a greater understanding of the impact of how places are designed, planned and built and how they affect our day to day lives.

June 24, 2014

Acquisition of Dublin office site marks strengthening demand in Ireland’s capital

by Sara Bean • Company news, News, Property

A 1.7-acre office development site in Dublin has been acquired for €40.5 million by Development Securities in a joint venture with Colony Capital and two leading Irish commercial developers. The site already has existing planning consent for the development of a 166,000 sq. ft. grade A office building which would replace an existing five storey, vacant office building that currently occupies the site. Located on Burlington Road, within Dublin’s prime commercial core, the office development will be marketed for pre-lets over the near-term, with initial site works expected to commence within the next 6 months and the building’s completion by in mid to late 2016. The move reflects a wave of office development in the Irish capital, where, according to a report by CBRE Ireland, a complete lack of office development over the last three years has manifested itself in supply shortages of Grade A office accommodation in core locations.

June 23, 2014

Breathing space? Why our office air could be harming us

by Richard Saint • Comment, Facilities management, Workplace design

As reported last week, the vast majority of office workers might prefer to work outdoors; but the office is where we spend most of our working lives. Indeed, for an average of eight hours a day, five days a week, office workers can reliably be found in the same surroundings – at a familiar desk, with familiar colleagues, within a familiar building. Perhaps as a result of this, too few of us stop to consider the risks of working indoors, assuming that the danger of serious harm is the sole preserve of outdoor working sites. Nonetheless, office work contains risks which are entirely its own. For example, while outdoor workers benefit from physical exercise, sunshine (occasionally), and fresh air, office workers perform their daily duties in a space where air is continuously recirculated, posing numerous dangers. Indeed, indoor air pollution is actually a major public health problem, posing a myriad of risks as dangerous particles accumulate in office air.

June 18, 2014

Lack of joined up thinking hampers efforts to reduce commercial property energy consumption

by Mark Eltringham • Environment, Facilities management, News, Property

A new report commissioned by the Green Construction Board, Property Industry Alliance and UK Government claims that efforts to tackle energy consumption in commercial property and reduce the associated emissions of greenhouse gases needs a new approach to the way policies are understood, monitored and enforced. The warnings come in a paper produced by Deloitte which suggests that while the associated potential for savings and a wide range of environmental and economic benefits are beyond question and the Government has the will to make them happen, there is a lack of cohesive thinking in current policies and legislation coupled with a shortfall in innovation and investment. When the report was commissioned last year, it was done so on the basis that buildings remain the UK’s largest contributor to carbon emissions, with energy use in non-domestic buildings accounting for 17 per cent of the total.

June 18, 2014

Skills body to fund UK employers to improve management capability

by Sara Bean • News, Workplace

The UK trails behind its international competitors in management skills, says the UK Commission for Employment and Skills (UKCES). To help tackle the problem it is offering businesses across the UK co-investment to help develop ways of boosting management skills in their sector. A total of £4 million is being made available through the UKCES, as part of an ongoing government-backed programme to encourage employer-led solutions to persistent skills problems. Nigel Whitehead, Group Managing Director of BAE Systems and a Commissioner at UKCES explained: “Our research shows that the UK lags behind its international competitors when it comes to management skills. That matters. Good management practices boost productivity, staff engagement and ultimately drive economic growth. And while the UK’s best firms may be world-leading, the sad truth is that, generally, management capability in the UK isn’t as good as many other countries, particularly the US.” More →

June 16, 2014

Demand for London commercial property pushing occupiers into earlier relocations

by Sara Bean • Facilities management, News, Property

The revival of London’s financial, professional and business sectors, along with sustained demand from the TMT (Technology, Media and Telecoms) market is resulting in increasing demand for commercial property across Central London. This along, with a restricted supply of existing stock, due to conversion of office to residential usage is prompting many occupiers into making relocation decisions well in advance of a lease break or expiry. Cluttons’ London Property outlook for the second quarter of this year shows that rental costs are increasing in response to sustained demand, with a west to east migration by occupiers in evidence. Many tenants are also relocating from London’s West End to the Southbank area; while further out, ‘fringe’ areas such as Stratford are drawing tenants. More →

June 10, 2014

Physiotherapists warn that poor work habits are damaging staff health

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

Physiotherapists are warning employers that bad working habits are damaging workers’ health. A survey by the Chartered Society of Physiotherapy (CSP) found that one in five people (21%) worked through their lunch every day. Of those who do manage to take a break, 48 per cent said they ate at their desk. Only 19 per cent leave their workplace to go outside for a break, and only three per cent go to the gym, meaning most miss out on any kind of physical activity during the day. Investment in staff health and wellbeing makes good business sense for employers says the CSP, which is calling on them to find ways to support staff to be more physically active during the working day in order to reduce their risk of developing musculoskeletal problems like back and neck pain and more serious illnesses such as cancer, heart disease and stroke. More →

June 9, 2014

The boardroom knows tech is important but leaves IT decisions to others, claims report

by Mark Eltringham • News

There is a recognition within the boardroom of the importance of information and communications technology (ICT), but business leaders see tech as something for technology managers to worry about and many are unable to make effective decisions anyway because they are digitally illiterate (and some are proud of the fact). Those are some of the findings of a new report from Sunguard Availability Services, published in partnership with Professor Joe Peppard of the European School of Management and Technology in Berlin. The study claims that the growing strategic role of technology offers chief information officers (CIOs) a chance to elevate their position and drive the wider business agenda. But also that this can be held back by a lack of engagement, or even the boardroom taking no account of ICT whatsoever, with strategic IT alignment remaining an afterthought for many organisations.

June 6, 2014

Audit commission urges UK councils to make better use of property

by Mark Eltringham • News, Property, Public Sector

UK local authorities should make better use of their £170 billion estate, including divesting or reusing around £2.5 billion worth of surplus assets, according to a new report from the Audit Commission. The report acknowledges that the estate has already shrunk by a third over the last decade but says there is still scope for councils to be more proactive in the way they manage property, not least when it comes to decisions about the use of idle or underused buildings and land. As the local government estate continues to shrink due to spending cuts and a range of Central Government initiatives such as the One Public Sector estate scheme, it was vital councils understood the properties in their portfolio and regularly reviewed them, according to the report’s authors.

June 5, 2014

The Shard evacuated after smoke spotted in basement of EU’s tallest building

by Sara Bean • Facilities management, News

Around 900 people were evacuated from the Shard this morning, following reports that smoke was coming from the basement of the 1,004ft-high building. Seven fire engines and around 50 firefighters were sent to the building, following the alert at around 10.30. The smoke had begun to dissipate by around 11.45, and this afternoon London Fire Brigade announced it was set to allow tenants to re-enter the premises. No injuries have been reported at the tallest building in Western Europe, winner of the European Award in the Council on Tall Buildings and Urban Habitats (CTBUH) Best Tall Building Worldwide competition; however there were complaints that office workers had to walk down hundreds of steps during the evacuation. Along with retail and hospitality tenants, the Shard has a number of office occupants, including investment bank Duff & Phelps and the venture capital group Foresight. More →

June 4, 2014

Property sector calls for introduction of mandatory energy standards

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

Ahead of the Queen’s Speech today, business leaders from some of the UK’s biggest property owners, developers and occupiers are urging the Government to end the “prevarication” around the introduction of mandatory energy standards for privately rented commercial buildings, amid concerns there is “significant opposition” to them within the Coalition. The UK Green Building Council has released the text of a letter sent to Prime Minister David Cameron by the heads of major companies including Legal and General, Whitbread, Land Securities and Marks & Spencer on the Government’s proposed minimum energy performance standards (MEPS). It argues that commercial buildings are responsible for around one fifth of the UK’s total carbon dioxide emissions. More →