Search Results for: investment

British Land on track to meet targets on green building efficiency

British Land on track to meet sustainability targets

British Land says it is on track to meet many of its 2015 targets on managing buildings efficiently, developing sustainable buildings and reducing carbon emissions. In its Corporate Responsibility Report for 2013, the real estate investment trust, which owns and manages a portfolio of commercial property worth £16.4 billion reiterates its commitment to sustainable property management: “There are increasing indications to support our view that sustainability, and particularly energy efficiency, grow income and grow value in the longer term. We are convinced this will be proven over time. Green buildings are also less at risk of obsolescence, thus further protecting and growing capital value over the medium to long term.” More →

The future of retail – High Street Bladerunners and Apple in Wonderland

AT&T Flagship Chicago

AT&T’s flagship Chicago store

I was going to write this week on the manifesto from MANTOWNHUMAN – subtitled “TOWARDS A NEW HUMANISM IN ARCHITECTURE” but frankly the dystopian visions it conjured up drove such a bulldozer through any human sensibility as to prove thoroughly depressing. You can find it here if you’re that way inclined. I’d be interested in your views. Instead I’m following up on a faintly hagiographic article in Adweek which recently hailed a new frontier in physical retail spaces, building on the success of Apple’s uber-cool high street playgrounds for bored teenagers and husbands. The store in question and an example of what many are hailing as the future of retail is AT&T’s new flagship on the self-styled Magnificent Mile in Chicago.

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Mayor confirms £1billion China gateway business district in London

Royal DocksLondon mayor Boris Johnson has confirmed the details of a £1bn investment in a new business district that will transform the Royal Docks into a 35 acre gateway project aimed primarily at firms from China and Asia looking to establish a business foothold in the UK and Europe. The site is intended to deliver more than 2.5m sq ft of office as well as retail and leisure facilities under the plans. Chinese owned developer ABP will work with Stanhope and architects Farrells with the first firms taking up occupancy in 2017. The Greater London Authority said the proposed development would create 20,000 full-time jobs, and inject £6bn into the UK economy, with £23m in business rates generated annually. No tenants are confirmed at this stage although the developers claim interest from Chinese banks is said to be high.

Crowds brave the grey weather to enjoy Clerkenwell Design Week

Clerkenwell_Design_WeekIn contrast to last year when the sun shone and temperatures were giddily high, Clerkenwell in late May was distinctly chilly, with a constant stiff breeze, on and off rain, and even a hailstorm. The weather may have been unseasonably cold but that didn’t stop the crowds flocking to the most popular venues and showrooms, and several of the evening parties were so crowded they had to close their doors. The signs had been good, even before the show opened. Advance registrations were over 46,000, compared with last year’s 22,000 visitors and by the end of the show, total registrations had reached 55,000.

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Crown Estate in £320m joint venture to redevelop area around Regent Street

St James Market architect's impression-2

The Crown Estate, which manages the Queen’s property portfolio has announced a joint 50/50 – £320 million venture with Canadian real estate company, Oxford Properties. The Crown Estate, which will retain the freehold and take the lead role in the development says the St James’s scheme will provide 210,000 ft2 of prime office and 50,000 ft2 of flagship retail and restaurant space in two blocks located between London’s Regent Street and Haymarket. The project forms part of the Crown Estate’s ten-year investment strategy for St James’s and will transform a run-down back street service yard and taxi ‘rat-run’ with: “a fantastic new amenity for St James’s, revitalising half and acre of public realm and creating a new 10,000 ft2 pedestrian square for world-class business, shopping and dining.” More →

UK employee engagement and productivity lags behind most of world

UK employee engagement and productivity lags behind most of world

You might regard the concept of employee engagement as just a new way to describe industrial relations, but there is a growing body of research that UK employers need to do more to keep their employees on side. According to the latest missive, low employee engagement and lagging productivity is the greatest employment challenge facing UK business in 2013. Global research by Right Management  found that this was the key concern for one in three (31 per cent ) employers compared to a global average of just one in five (21 per cent ) HR professionals, suggesting that after years of economic uncertainty and doing ‘more with less’, the UK workforce has reached a productivity impasse. More →

HS2 – still a train that symbolises the clash of old and new ways of working

HS2 – still a train that symbolises the clash of old and new ways of working

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We’ve said this before but given the recent round of agonising over HS2 and today’s news that it will already cost £10 bn more than planned, there is no end yet to us hearing more and more about the plans for the Government’s flagship construction project and all-round Keynesian boot in the pants for the UK economy. Most of what passes for debate involves some light class warfare about the route through Tory constituencies, seasoned with a dash of NIMBYism, some chest beating from Labour who started the whole thing but can’t be seen to support it fully and various other bits of pointless to-ing and fro-ing. But what is most remarkable about the scheme as far as we are concerned, has always been how its business case completely and deliberately ignores the way we now work. Something bleedin’ obvious that the NAO has now pointed out.

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New survey reveals risks of cutting costs in corporate real estate

JLL ReportA new report from Jones Lang LaSalle claims to highlight how those firms who see their property as a driver of added value rather than a cost reap rewards in the form of higher revenue, employee performance and shareholder returns. In contrast, those firms who view their facilities as a cost and seek to reduce those costs for short term gain are, in fact, storing up long term problems and risks. JLL’s report – Global Corporate Real Estate Trends – claims to reveal the top five corporate real estate risks, including negative impacts on competitive advantage and profitability from cost cutting, procurement processes, lack of collaboration between functions and failure to drive productivity.

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Lack of skills hampering business growth say UK CEOs

Lack of skills training is hampering growth say business leaders

Nearly two thirds (65 per cent) of UK employers say a lack of key skills is hampering their growth prospects – with construction, mining, engineering and energy companies reporting the most chronic shortage of skilled employees. Yet, according to a PwC global survey, while three out of four UK CEOs said creating a skilled workforce should be the Government’s highest priority only a third intended to do anything about it for the coming year. Instead, they see it as a longer-term goal; with 70 per cent of respondents saying they plan to increase investment in their workforce over the next three years. More →

Corporate culture of presenteeism leads to inequality

 

Corporate cultures celebrate presenteeism

Over half (60 per cent) of senior executives say their productivity would be increased if their organisations played a more active role in helping them balance their work and non-work lives; the majority by 10 to 25 per cent. The research by the Inspire board network and executive search firm Harvey Nash also reveals that male dominated corporate cultures are the biggest barrier to women reaching the board, with over half (52 per cent) believing that today’s corporate cultures which celebrate presenteeism, dramatically reduce the length of time women are prepared stay and develop their career with their employer. More →

Winners announced for 2013 real estate thought leadership

CoreNet Global 2013 Awards for Industry Excellence, Economic Development and Sustainable Leadership:

An organisation that helps businesses set up or expand their offices in the San Francisco Bay Area and Google’s campaign to source more sustainable building materials are amongst the initiatives which have been recognized in CoreNet’s awards for Industry Excellence, Economic Development and Sustainable Leadership. Fidelity, Panasonic, Google, the Brick City Development Corporation and the San Francisco Center for Economic Development are all named as winners for three annual best practices awards by the corporate real estate (CRE) and workplace association. The awards are presented each year to industry leaders who demonstrate best-in-class practices in advancing corporate real estate thought leadership. More →

Rigid attachment to best practice “killing” talent management

KPMG talent management white paper

A rigid attachment to ‘best practice’, rather than a focus on business needs, is preventing many organisations from unearthing and nurturing staff to drive their business forward and the danger of such an inflexible approach is killing organisations’ ability to properly manage talent. According to Anna Marie Detert, KPMG’s UK Lead for Talent – a tendency to copy or adopt the latest fad or fancy must be challenged if employers are to understand the talent they truly need to succeed, and plan effectively to find and keep it.  More →