Search Results for: investment

April 30, 2013

New survey reveals risks of cutting costs in corporate real estate

by Mark Eltringham • Facilities management, Knowledge, News, Property

A 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.

April 29, 2013

Lack of skills hampering business growth say UK CEOs

by Sara Bean • News, Property, Workplace

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 →

April 26, 2013

Corporate culture of presenteeism leads to inequality

by Sara Bean • News, Workplace

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 →

April 8, 2013

Winners announced for 2013 real estate thought leadership

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

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 →

April 5, 2013

Rigid attachment to best practice “killing” talent management

by Sara Bean • Knowledge, News, Workplace

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 →

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 →