Search Results for: investment

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 →

May 29, 2014

New tenants reflect strong demand for office accommodation on Regent Street

by Sara Bean • Facilities management, News, Property

In one of the most substantial West End lettings this year, global asset and investment manager, Tudor Capital Europe LLP is to locate its new UK headquarters to Crown Estate’s 10 New Burlington Street development. The firm will move into some 40,000 sq ft across two floors at the £250m redevelopment, which forms part of Regent Street’s £1 billion regeneration. This follows on from a 30,000 sq ft letting to Ares Management at the same building. The addition of Tudor Capital Europe to the line-up at 10 New Burlington Street means the office element (around 100,000 sq ft) is 75 per cent let at completion. The move illustrates strong demand for office accommodation on Regent Street, where office take up rose by 90 per cent in the 12 months prior to March 2014, compared to an increase of 31 per cent over the wider West End in the same time span. More →

May 26, 2014

Flexible working just one factor that can lift the workplace blues

by Mark Eltringham • Flexible working, News, Workplace

New research commissioned by office supplies firm Viking claims that many people working for small businesses are unhappy, stressed and demotivated in the workplace for much of the time but that their misery can be alleviated with flexible working, training, social events and generally a bit more information and attention from their employers. The research found that a third of the employees surveyed, all of whom work for firms with fewer than 50 employees, claim to be unhappy for more than half of their time at work, with 42 per cent saying they are also stressed and unmotivated. The respondents claim that these issues could be resolved with more flexible working, social events, personal development and business updates. With workers rating such displays of affection more highly than a pay rise, a spend of less than £500 per employee each year on the things they cherish could make them more happy and motivated.

May 20, 2014

Design skills cited as one reason why London is the world’s best city

by Mark Eltringham • Environment, Events, News, Workplace design

For the first time, London is the world’s best city for business, culture and finance, according to the latest edition of PWC’s annual Cities of Opportunity report. And the city’s reputation as a global leader in design is cited as one of the main reasons. The index of thirty of the world’s most important cities claims that London’s sheer economic clout, technological infrastructure and its design and development skills are just a few of the factors that led to the city usurping New York for the first time. When the survey was last carried out, it was ranked third. London is ranked one of the top three best places for intellectual capital and innovation alongside Paris and San Francisco and has leapt from eighth place last year to joint first place (with Seoul) in terms of its technological readiness.

May 13, 2014

Employers urged to plan ahead as recruitment prospects rise

by Sara Bean • News, Workplace

Fresh evidence that the recession is over as the CIPD reports employment intentions are at the highest level for six and half years. However, pay continues to perform well below pre-recession levels, and the HR body warns that with the economy picking up, now is the time for employers to consider both the levels of pay and employment conditions they have to offer; and the reputation and branding of their organisation. Although CIPD’s quarterly Labour Market Outlook finds little evidence that the buoyant jobs market is feeding through into recruitment difficulties for the majority of employers in the short term, in some areas; such as engineering and management/executive there is already a struggle to fill high-skilled vacancies. The CIPD is therefore urging employers in all sectors to start planning ahead to mitigate the risk of widespread skills shortages in the longer term. More →

April 30, 2014

BCO’s London workplace design and fit-out award winners revealed

by Mark Eltringham • Architecture, Facilities management, News, Workplace design

Yesterday the British Council for Offices announced what it considers London and the South East’s best recently completed workplaces at an awards dinner. The winners included One Eagle Place, BBC Broadcasting House and Brent Civic Centre, who will now go forward to the national awards which will be announced in October. Earlier this month, the regional finalists for Scotland, the Midlands and East Anglia were announced. Ceremonies will be held to announce the regional winners for the North of England and South West during May. Yesterdays’ event saw PwC’s One Embankment Place designed by t p bennett crowned as Refurbished/Recycled Workplace, Argent’s One Stable Street office win the small office category, while the award for Best Fit Out of a Workplace went to The Walbrook Building designed by Scott Brownrigg. The renovation of BBC Broadcasting House and Brent Civic Centre shared the award for Best Corporate Workplace.

April 29, 2014

Ska rating is shaping the future of sustainable office design

by Ben Murray • Company news, Environment, Insight promotion

We all know the ways in which we can ‘do our bit’ at home – turn off the lights when you leave a room, only boil as much water as you need, recycle as much as you can. At work however, it can be all too easy to forget and ignore the impact we have on our environment. Intelligent and inspired office design can not only increase productivity and employee wellbeing, but also be sustainable and provide financial benefits as a result. Although there were established tools for assessing the environmental impact of whole buildings, such as BREEAM and LEED, the certification of fit-outs, especially on existing buildings, had previously been unsatisfactory. To address this, the Ska Rating method was developed by the Royal Institution of Chartered Surveyors.

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April 28, 2014

New collaborative office design for Petronas HQ in Italy

by Mark Eltringham • Architecture, Company news, Workplace design

Building work has begun on the new 17,000 sq. m. European Research & Development Headquarters for Petronas Lubricants, the global lubricants manufacturing and marketing arm of Petronas, the Malaysian oil and gas company. The building has been designed by architecture, urbanism and design practice Broadway Malyan. The office – located in Santena, just outside Turin, Italy – is part of a major investment into Petronas’ overall research capability and will be home to a community of several hundred scientists, researchers and new product developers. It is expected to play an important role in supporting Petronas’ development and refinement of fuels and lubricants with a particular emphasis on an office design that encourages collaborative work.

April 23, 2014

BIM adoption in UK rises as awareness of competitive advantage grows

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

70 per cent of those using Building Information Management believe it has given them a competitive advantage and (at 95%) awareness of BIM is now almost universal. According to the fourth annual NBS National BIM Survey, adoption rates are accelerating with more than half of respondents (54%) using it and 93 per cent predicting adoption by 2016, the Government’s deadline for BIM use on publicly funded projects. Improvements in productivity, increased efficiencies, better coordination of construction information and higher profitability are among the benefits cited by adopters of BIM, with a mere 4 per cent wishing they hadn’t begun the journey. The construction industry feels more confident in its own knowledge of BIM (up from 35% in 2012 to 46% in 2013), there is still scepticism regarding the wealth of information on the subject, with only 27 per cent of respondents saying they “trusted what they hear about BIM”. More →

April 17, 2014

UK unemployment down & wages up, but regional differences widen

by Sara Bean • News, Workplace

Unemployment dropped below 7 per cent for the first time since the recession, according to figures published yesterday by the Office for National Statistics (ONS). Jobless figures fell by 77,000 to 2.24 million in the three months to February 2014, taking the unemployment rate to 6.9 per cent for the first time since 2009. The figures also show a small growth in regular weekly pay, which, excluding bonuses was up by 1.4 per cent on the year. However, the recovery appears to remain regionally unbalanced, with London and the Greater South East powering ahead of the rest of the country. Said Ian Brinkley, chief economist at The Work Foundation: “Employment levels in the North East are lower today than they were at the end of the recession, measured by the workforce jobs indicator. Gaps in regional employment performance are also widening rather than narrowing.” More →