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Northern Powerhouse office market showing strong performance levels

Northern Powerhouse office market showing strong performance levels 0

Manchester city centre

When the Chancellor of the Exchequer George Osborne announces the Spending Review today, he’s likely to mention the Northern Powerhouse, the programme to rebalance the UK economy by pushing growth in England’s northern cities. His vision of this form of one nation conservatism may have helped to increase occupier and investor confidence across the Northern Powerhouse office markets, as illustrated by the Northern Powerhouse Office Market Report 2015/16, published by Lambert Smith Hampton (LSH). It shows strong performance across the eight key markets so far in 2015 – with combined take-up expected to reach 5.2m sq ft by the end of the year compared with 4.6m sq ft in 2014. Manchester city centre is leading the way and is on track for a record year, with almost 1.4m sq ft of office space expected to be let or sold by the end of 2015 – well above the 10-year annual average of 966,000 sq ft.

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RIBA signs UN Compact as part of an increased focus on ethics

RIBA signs UN Compact as part of an increased focus on ethics 0

RIBARIBA (The Royal Institute of British Architects) has become a signatory to the United Nations Global Compact (UNGC) and has undertaken to support its principles on human rights, labour standards, the environment and corruption. Joining the UNGC is part of the RIBA’s focus on ethics which has recently included co-founding a new coalition to develop a set of globally recognised ethics standards for real estate and related professional organisations. RIBA President Jane Duncan said: “As our profession changes and becomes increasingly international, so must our approach to developing and reinforcing professional ethics. Architecture has a direct impact on societies and economies; it shapes and influences the world we live in. For this reason, we architects have a duty to uphold the highest standards wherever we practice. I am delighted that RIBA has signed the UN Global Compact and undertaken to support and promote its principles.”

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Best tall building in the world winner announced at Chicago event

Best tall building in the world winner announced at Chicago event 0

BoscoVerticale_PaoloRosselliThe Council on Tall Buildings and Urban Habitat (CTBUH) Awards Jury has announced that Bosco Verticale, Milan, is the overall “2015 Best Tall Building Worldwide” at the 14th Annual CTBUH International Best Tall Building Awards Symposium, Ceremony & Dinner, held last week at the Illinois Institute of Technology, Chicago. In July, the CTBUH Awards Jury named a winner from each of the four competing regions in the world: Americas, Asia & Australasia, Europe, and Middle East & Africa. The Regional Winners were One World Trade Center, New York City, United States; CapitaGreen, Singapore; Bosco Verticale, Milan, Italy; Burj Mohammed Bin Rashid Tower, Abu Dhabi, United Arab Emirates. Although the overall winner was primarily a residential tower, offices were well represented in the regional winners thanks to the inclusion of One World Trade Center and Capita Green.

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Record construction of London office space, but supply shortfall remains

Record construction of London office space, but supply shortfall remains 0

Commercial Property LondonDemand for office space in London continues to overwhelm its availability and in spite of record levels of construction, according to two new reports. The latest CBRE Monthly Index claims that rents in Central London’s booming office market grew by 10.3 percent in the year to October 2015, the first time annual growth has hit double digits since April 2008. Despite rapidly rising rents, take-up of offices in Central London continues to outpace the 10 year average. The capital saw 1.1 percent growth in October, with 3.6m sq ft of space snapped up by businesses in the third quarter of 2015, with a further 3.8m sq ft currently under offer and expected to complete before the end of the year. Change could be on the way however as the latest biannnual London crane survey from Deloitte claims that the amount of office space being built in central London has risen by a fifth in six months, the highest level  for seven years.

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Research reveals the main reasons why people still go to work when ill

Research reveals the main reasons why people still go to work when ill 0

High job demands, stress and job insecurity are among the main reasons why people go to work when they are ill and should probably stay home, according to new research from the University of East Anglia. The study sets out to improve understanding of the key causes of employees going to work when sick, which is known as one of the main forms of presenteeism, and to help make managers more aware of the existence of the phenomenon, what triggers the behaviour and what can be done to improve employees’ health and productivity. A key finding of the study, published yesterday in the Journal of Occupational Health Psychology, is that presenteeism not only stems from ill health and stress, but from raised motivation, for example high job satisfaction and a strong sense of commitment to the organisation. This may motivate people to ‘go the extra-mile’, causing them to work more intensively, even when sick.

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Design for performance study looks to improve energy performance

Design for performance study looks to improve energy performance 0

Central Park Perth

Developers, owners and occupiers of buildings might expect that compliance with regulations will produce a building that is energy efficient in operation and well on its way towards the 2020 nearly-zero energy target mandated by a European Directive. In practice, the actual performance of most buildings falls well short of the design intent – the so-called performance gap. In Australia, this chronic problem has been eliminated for new office building projects in which clients and their teams sign up to – and then follow – a “Commitment Agreement” protocol to design, construct and manage their buildings to achieve agreed levels of actual in-use performance. Now with the backing of the Better Buildings Partnership, a four month study to develop a prototype UK scheme which embraces Australia’s ‘design for performance’ approach has been launched by a team led by Verco and including BSRIA, Arup and UBT.

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Women should sit on third of all FTSE boards by 2020, says Davies report

Women should sit on third of all FTSE boards by 2020, says Davies report 0

Women_at_workAll FTSE 350 boards should have 33 percent female representation by 2020, a five year investigation of gender equality has concluded. The recommendations were made by Lord Davies in his final report on Women on Boards which began looking into the obstacles preventing many women from reaching senior positions back in February 2011. Earlier this year the UK’s FTSE 100 reached a milestone of 25 percent of board positions being filled by women – the target set by Lord Davies in 2011. Although there are more women on FTSE 350 boards than ever before, with representation of women more than doubling since 2011 – the latest report proposes a series of recommendations including the voluntary target of 33 percent representation of women on FSTE 350 boards, and the creation of an independent steering body to help create momentum to ensure a voluntary business-led approach is continued for a further five year period.

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UK firms turn to flexible working and wellbeing to bridge productivity gap

UK firms turn to flexible working and wellbeing to bridge productivity gap 0

flexible working womanIt’s not just larger organisations and governments that are having to grapple with the UK’s persistent ‘productivity puzzle’ but also smaller businesses who are increasingly turning to flexible working and other people centric initiatives to address the problem. That is one of the main findings of a new report from trade association Group Risk Development (GRiD).  According to their survey, nearly a quarter of employers (23 percent) believe productivity is an issue facing their business.  According to the office for National Statistics (ONS) this is a common problem across the entire UK economy as output per hour is stubbornly around 20 percent below the average for all G7 economies. This is the widest gap ever recorded and, according to GRiD is driving employers to seek ways of addressing their own shortfall with flexible working and wellbeing initiatives as well as investment in new equipment and technology.

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Study links green building design to higher cognitive performance

Study links green building design to higher cognitive performance 0

Green building

People who work in well-ventilated offices with below-average levels of indoor pollutants and carbon dioxide have significantly higher cognitive functioning scores in crucial areas such as responding to a crisis or developing strategy than those who work in offices with typical levels. That is the headline finding of a new study from the Harvard T.H. Chan School of Public Health’s Center for Health and the Global Environment, SUNY Upstate Medical University, and Syracuse University published this week in the journal Environmental Health Perspectives.The researchers looked at people’s experiences in “green” vs. “non-green” buildings in a double-blind study. The findings suggest that the indoor environments in which many people work daily could be adversely affecting cognitive function-and that, conversely, improved air quality could greatly increase the cognitive function performance of workers.

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An updated green building standard designed to meet wider business objectives

An updated green building standard designed to meet wider business objectives 0

CaptureThe publication in September 2015 of the revised ISO 14001 Global Environmental Management Standard has been heralded as a move that will “shift business focus on the environment from compliance with regulations and direct operations, to placing the environment at the heart of thinking and strategy.” This will assist businesses around the world to respond to increasing global sustainability challenges and ensure long-term business success. Currently there are over 300,000 organisations worldwide that are certified to the ISO 14001 Standard, first published in 1996. According to the Institute of Environmental Management and Assessment, (IEMA) ISO 14001 is the second most used standard companies employ to manage their performance globally, with 171 countries now represented. Its popularity as a management tool has been linked to both improved financial and environmental performance.

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Workspace shortage as office to residential rights made permanent

Workspace shortage as office to residential rights made permanent 0

workplace designThe British Council for Offices (BCO) has warned that the UK needs to avoid a free-for-all following the government’s announcement it is to make permanent the relaxation of planning rules on the conversion of office to residential properties. According to recent BCO research, changes to the Permitted Development Right for office to residential conversion led to over 6 million sq ft of office space in England being converted to residential use in 2014. Some of the most concentrated commercial property markets have been significantly affected by this. In London, office to residential conversions are now occurring at a faster pace than ever before with 2.7 million sq feet of office space lost to residential conversions since May 2013. London Assembly Member Nicky Gavron questioned the decision to extend the scheme saying that it will reduce the availability of affordable workspace required by start-ups and small businesses in the capital.

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Civic centre named best workplace in the UK by the BCO

Civic centre named best workplace in the UK by the BCO 0

Building: Keynsham Council Offices Location: Keynsham Architect: AHR

Keynsham Civic Centre & One Stop Shop in Keynsham, near Bath, has been named the Best of the Best workplace in the country at the British Council for Offices’ (BCO) annual Awards. The office was recognised as the Best Corporate Workplace in the UK, topping a list of six other award winners recognised for excellence in office space. The building provides an environmentally sustainable, low maintenance and flexible workspace, whilst acting as a catalyst for the regeneration of the town. As a workplace for the local council, the judges praised the building’s impressive use of natural light to create an ‘uplifting workspace’ as well as the design of the office floors which lend themselves toward flexibility and encourage collaborative working. The team behind the building was also commended for conducting a thorough and impressive stakeholder engagement process, from the inception of the project through to completion.

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