Search Results for: investment

September 25, 2013

Google is Generation Y’s choice as world’s most attractive employer

Cool offices, generous employee perks and of course being a successful global tech firm may seem the obvious reasons why Google is perceived as the world’s most attractive employer by Generation Y, according to a global poll. However, employer branding company Universum Global’s annual list of the 50 companies business and engineering students would choose as the best to work for, finds the most common characteristics young workers consider most important in a potential employer are pretty much the same applicants of all ages would cite. These are; market success, professional training and development opportunities, supportive leaders and job security. So maybe Millennials aren’t so easily swayed by nap pods after all. More →

September 18, 2013

Winners announced for outstanding leadership in sustainable buildings awards

by Sara Bean • Environment, News, Property

City Green Court building in Prague

British Land, Spanish city Vitoria-Gasteiz and the City Green Court building in Prague, Czech Republic, have clinched the top spots in the inaugural World Green Building Council Leadership Awards – Europe Region. The awards, which were announced to coincide with World Green Building Week 2013 – honour leadership and best practice in green building policy, construction projects and corporate initiatives. British Land won the category for Business Leadership in Sustainability; Vitoria-Gasteiz picked up the award for Leadership in City Policy for Green Building award; and office building City Green Court, topped the Leadership in Building Design and Performance category for its sustainability features. More →

September 16, 2013

Value of offices and property rental income across the UK hit two year high

by Mark Eltringham • News, Property

The value of commercial real estate in the UK rose for the fourth consecutive month during August, led by increases in the average value of offices, according to a report from Investment Property Databank (IPD). The average value of offices, warehouses, retail and industrial rose by a 0.4 percent across the country. Office buildings rose by 0.6 percent during the month while total return, which combines changes in real estate values and rental income, was 0.9 percent, to reach the highest level since March 2011. The report claims the upturn is down to the wider economic upturn and persistent low interest rates which incentivise investors to acquire high income generating assets. The report also notes that investors are looking to acquire more property outside of London as the economic recovery spreads across the UK. More →

September 12, 2013

Growing commercial occupier demand set to price firms out of the City fringe

by Sara Bean • Facilities management, News, Property

A “west-to-east” migration, focussing predominantly on Clerkenwell and the western City core, is continuing amongst media and service sector businesses seeking more affordable London rents. But according to Cluttons’ latest West End Office Market report, many firms seeking the combination of value and idiosyncratic space are set to be priced out of the current City fringe. The area between the City and West End – branded Noho by estate agents – is attracting a new wave of private equity and extraction firms, willing to pay premium rents for new or pipeline space just north of Oxford Street. Meanwhile, prime office rents in Mayfair / St James’s have broken through the £100 per sq ft ceiling once again as a handful of tenants continue to favour location over quality. More →

September 9, 2013

Construction sector awarded £60m for development of more energy efficient buildings

by Sara Bean • Environment, News, Property

£60 million to help the UK construction industry design and develop more energy efficient buildings is to be awarded by the Government’s Technology Strategy Board. The projects, which address the challenges of both new and existing buildings, are expected to leverage in an additional £60 million of industry investment and £30 million extra funding from across government and other agencies. The board has already invested £83 million of funding through the Low Impact Buildings Innovation Platform, (LIBIP). It aims to help the UK construction industry deliver buildings with a much lower environmental impact by investing jointly with industry and other funders in projects to bring innovative solutions to a growing market for more environmentally friendly buildings. More →

September 6, 2013

Mobile apps will dominate workplace communications within next three years

by Sara Bean • Flexible working, News, Technology

The news this week that Microsoft is to purchase Nokia’s mobile phone business for £4.6bn is a reminder of how rapidly app-based communications tools have transformed mobile phones and computer devices. Within the workplace, fragmentation and lack of standardisation of the technologies have resulted in organisations often using multiple tools, including that of employees’ own consumer smartphones and tablets. According to analysts Gartner most collaboration applications will be equally available on desktops, mobile phones, tablets and browsers by 2016. Over the next three to five years it predicts, every business will be using mobile collaboration tools – boosted by BYOD, personal cloud file sharing and the increasing availability of mobile applications. More →

September 5, 2013

EU lags behind upward trend in the sustainability of global real estate

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

There has been a clear and upward trend in the sustainability performance of global real estate, but despite the continued focus of EU regulators on the built environment, Europe lags behind other regions. According to the results of the GRESB (Global Real Estate Sustainability Benchmark) 2013 Report – based on sustainability data gathered from 543 property companies and funds, providing aggregate information on 49,000 properties across the globe – the real estate sector significantly reduced its environmental impact, decreasing energy consumption by nearly 5 per cent over the 2011-2012 period. Over the same period, greenhouse gas emissions decreased by 2.5 per cent, and water consumption by 1.2 per cent. More →

September 1, 2013

CBI calls on Government to incentivise businesses to invest in energy efficiency

by Mark Eltringham • Environment, Facilities management, Legal news, Property

The Confederation of British Industry (CBI) has published a new report calling on the Government to adopt a more streamlined and integrated approach to energy efficiency policies, including those relevant for the UK’s commercial buildings. The report also addresses a range of related benefits and obligations for companies to help them cut costs, manage risk and open up commercial opportunities. The report argues that energy efficiency has been neglected for too long, despite the fact that Government figures show a domestic industry that is growing at 4 percent a year, is worth £17.6bn in sales and supports 136,000 jobs.

August 23, 2013

More than half of UK firms expecting to increase capital spending over next year

by Mark Eltringham • Knowledge, News

The latest good news for the UK economy comes from a poll conducted by Edison Investment Research of 200 medium sized companies which shows that over half (56 percent) claim they will increase capital expenditure over the next year. In the same poll in January, only a quarter made the same claim, reflecting the sharp upturn in optimism in UK businesses. In the latest EIR poll, 69 percent said they felt positive about the coming year. In the Eurozone things aren’t quite so rosy as confidence has dropped over the course of the year with 17 percent expecting growth, down from 26 percent six months ago.

August 23, 2013

Investor confidence in commercial property highest in five years

by Sara Bean • News, Property

The news this week that work is to begin on the former Lumiere site in Leeds is a clear indicator of how investor confidence in commercial property has reached its highest level since Q2 2008, according to Jones Lang LaSalle. Its latest UK Real Estate Investor Confidence Survey, which canvassed the views of nearly 100 principals and lenders in the UK commercial property investment sector, found investor confidence has jumped by 7 per cent in the second quarter of 2013 compared with Q1, a 63 per cent increase on Q2 last year. The report’s findings also showed even greater competition for assets amongst property investors is anticipated with 61 per cent of respondents expecting more buyers than sellers, up from 42 per cent last quarter. More →

August 22, 2013

Communications gap hampering employee engagement and productivity

by Sara Bean • News, Workplace

Communication gap hampering employee engagement and productivity

A stream of surveys published over the past few weeks have indicated a deep rooted sense of unease and lack of job security amongst UK workers. Now yet another poll reveals that far from being keen to discuss career progression opportunities, many employees are reluctant to bring up personal development and career progression with their bosses because they think it will put them at a disadvantage at work. According to the new research from Badenoch & Clark, this growing communications gap between employees and managers could lead to lack of engagement and lower productivity within the workforce. Meanwhile too many employers are investing in the wrong kinds of personal development for their staff. More →

August 19, 2013

CBI raises growth forecasts, but cautious on sustainable recovery

by Sara Bean • Knowledge, News, Property, Workplace

A pick-up in confidence across a broad range of sectors, including services and construction and a better than expected second quarter has led the CBI to raise its growth forecasts, with GDP growth of 1.2 per cent predicted in 2013, up from 1.0 per cent in the May forecast. In 2014, the business group expects the economy to gather pace, forecasting 2.3 per cent GDP growth, up from 2.0 per cent in May. However, unemployment rates look set to stick at around 7.8 per cent. John Cridland, CBI Director-General said: “The economy has started to gain momentum and confidence is picking up, but it’s still early days. We need to see a full-blown rebalancing of our economy, with stronger business investment and trade before we can call a sustainable recovery.” More →