Search Results for: investment

April 4, 2013

Dutch Embassy to move to South Bank development

by Sara Bean • Architecture, News, Property

The Dutch Embassy in London is to move from its current location at Hyde Park Gate to a 50,000 sq ft site as part of the Embassy Gardens development on the South Bank of the Thames. The Embassy, which will move in 2017, will sit adjacent to the new US Embassy, already under construction and due for completion during the same year. Embassy Gardens is part of the Nine Elms development on the South Bank and is masterplanned by architect Sir Terry Farrell to encompass a kilometre-long Linear Park – starting in Vauxhall and moving through Embassy Gardens on the way to Battersea Power Station. More →

April 4, 2013

UK construction activity slips again, but at a slower rate

by Mark Eltringham • Knowledge, News, Property

According to the latest Markit/CIPS monthly survey of purchasing managers in the construction industry, output in the sector decreased once more in March but at the slowest rate since October of last year. The seasonally adjusted Markit/CIPS UK Construction Purchasing Managers’ Index (PMI) which measures overall output in the sector, was calculated at 47.2 during March, up from 46.8 in February. Scores below 50 are deemed to indicate a contraction in the market. The reduced output was put down to a combination of subdued underlying demand and unusually bad weather.

April 4, 2013

UK commercial property investors shift focus to the regions

by Mark Eltringham • Knowledge, News, Property

Investors in the commercial office market are increasingly being drawn towards the UK regions, according to a new report by Deloitte Real Estate. The UK Key Cities publication explores the trend that regional offices are emerging as a focus for savvy investors seeking higher returns. At the same time, individual cities are recognising the need to stand apart from competing locations and bridge the gap between themselves and London. These cities are being bolstered by factors such as improved connectivity through large planned infrastructure projects, devolution of power, and investment into the retail and leisure markets.

March 29, 2013

We shape the world’s cities, then they shape us

by Mark Eltringham • Architecture, Comment, Knowledge, Property

The story of the world’s cities is often told not in words but in numbers. This is especially the case with the megacities – those with a population in excess of 10 million – which obtain enough critical mass not only to produce eye boggling statistics but also to distort the fabric of whole regions and change the way people live and behave. This is true for the established megacities of London, New York and Tokyo as well as the emerging global metropolises in Sao Paolo, Beijing, Mumbai, Shanghai, Cairo and Istanbul. It is also increasingly true for cities many people have never heard of.

March 22, 2013

UK employers failing to measure effectiveness of workplace wellness

by Sara Bean • Knowledge, News, Workplace

Further data from Buck Consultant’s Global Wellness Strategies Report reveals that UK employers know what they want from their workplace wellness strategy, but less than one in 10 (9 per cent) actively measures specific outcomes, and three quarters (74 per cent) of those that don’t say it is due to limited resources. According to the study, increasing employee morale and engagement (73 per cent), improving staff productivity and reducing presenteeism (69 per cent), and reducing absenteeism (66 per cent) are the three top goals for UK businesses; with the top four health risks identified as stress, workplace safety and work-life balance issues and depression.

March 21, 2013

Muted response from built environment sector to Budget 2013

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

There’s been a muted reaction by the building and construction sector to the Budget announcement of a boast to infrastructure investment and relief that revised energy management regulations are likely to be pushed through. CIBSE has welcomed the news that the Government will be giving a detailed response to last year’s Consultation on changes to Part L of the Building Regulations, which covers energy efficiency, by May 2013. The body which represents building services engineers had raised concerns that delays in changes to Part L of Building Regulations in England should not hold up much needed, cost beneficial changes to Part L for the non-domestic market.

March 20, 2013

Rise in jobless figures puts pressure on Chancellor

by Sara Bean • Legal news, News, Property, Public Sector, Workplace

There is more pressure on Chancellor George Osborne ahead of today’s budget with the news that uemployment rose by 7,000 to 2.52 million between November and January. However the overall unemployment rate for November 2012 to January 2013 remained at 7.8 per cent, unchanged from August to October 2012. The latest figures from the Office of National Statistics (ONS) also show that while pay rose by 1.2 per cent during the same period, with inflation measuring 2.7 per cent between January 2012 and January 2013, there continues to be a cut in the real value of pay. More →

March 15, 2013

Call for budget to help construction sector growth

by Sara Bean • News, Property, Public Sector

The Treasury

Leading environmental and building construction bodies are calling on the Government to help grow the built environment in next week’s budget. The UK Green Building Council (UK-GBC) is urging the Chancellor to use the Budget 2013 to demonstrate the Coalition’s commitment to energy efficiency as a key driver of green growth and provide a boost to the construction sector. And in a list of requests, RICS asks the government to visibly promote public sector construction contracts, meaning smaller firms across the UK are aware of projects and able to directly bid for work.

March 13, 2013

London’s West End office market shifting boundaries

by Sara Bean • Facilities management, News, Property

Shifting occupier dynamics, a limited supply pool, and a flurry of west to east relocations is redefining the boundaries of London’s West End office market. Sue Foxley, head of research, Cluttons, explained: “Corporate occupiers recognise the importance of securing high quality space within key markets in order to attract and retain the best possible staff, however, it is inevitable that the increasingly restricted supply pool is continuing to hamper relocation options. Businesses, regardless of sector, certainly are not looking for ‘budget’ rental options, but they are becoming increasingly aware that opportunities to secure quality space is scarce and not limited to prime areas.”

March 12, 2013

‘Internet of everything’ for most firms within 3 years

by Sara Bean • Facilities management, Knowledge, News, Technology, Workplace design

Cisco techwatch

Next generation workspaces will be a reality for three quarters (76 per cent) of businesses by 2016 says a new Cisco report, as organisations pave the way for greater connectivity by investing in IT infrastructure and collaboration technologies. “Whilst cost-cutting and reducing complexity is important, creating an environment where IT can support – or indeed drive – innovation within the business is paramount said Ian Foddering, CTO Cisco UKI. “Three key pillars emerge: ‘Simplify’, ‘Protect’ and ‘Change & Grow’. Get the first two right, and you pave the way for innovation, greater connectivity, next generation workspaces and ultimately a shift towards the ‘Internet of Everything’.”

March 11, 2013

Hong Kong and London world’s most expensive cities for start ups

by Mark Eltringham • Knowledge, News, Property

A new report from property consultants Savills based on the total cost of setting up in business in the world’s major cities has today revealed that Hong Kong is the most expensive of the ten cities in which to locate, with London in second place and New York a close third. The total real estate cost of setting up business in all three cities is now almost three times that in the best priced world capitals, Shanghai and Mumbai. The report will be published in full on the 20^th March as The World Cities Review and includes measures of headline rent, tax and other charges.

March 8, 2013

Women still making slow progress up the corporate ladder

by Sara Bean • Knowledge, News, Workplace

women at work

More women are making it into senior management roles than at any time since 2010, according to new research published today to mark International Women’s Day, but predictably, progress is slow. The Grant Thornton International Business Report (IBR) finds that globally, 24 per cent of senior management roles are now filled by women, up from 21 per cent in 2012 and 20 per cent in 2011. However, in the G7 group of developed economies just 16 per cent of board members are women. Meanwhile, a report published by Calvert Investments finds that corporate American is still failing to put substantial numbers of women and minorities into board rooms.