June 20, 2019

EDGE enters UK market with project on South Bank

by Neil Franklin • Company news, Property, Technology

EDGE Technologies, the specialist developer best known for its groundbreaking The Edge building in Amsterdam has announced its entrance into the UK commercial property market with the £50m acquisition of 60 St Thomas Street on London’s South Bank. The acquisition is subject to planning permission, which EDGE will pursue in partnership with the seller. The partners will consult closely with Southwark Council and the local community. After completion of the development – four to five years from now – 60 St Thomas Street will be an optimised office environment and a new workspace fit for the future. (more…)

June 20, 2019

London remains second most expensive office market

by Neil Franklin • News, Property

Hong Kong Central and London’s West End held onto their top spots in a ranking of the most expensive office market locations in the world at $322 and $220.70 per sq. ft. per year respectively according to the latest Global Prime Office Occupancy Costs report from CBRE. The ten most expensive markets were the same markets as last year, though several have changed positions within the top category. The biggest gainer within the top 10 was Midtown Manhattan ($196.89) in New York City, which climbed to the fourth most expensive market this year from the sixth last year. London City retained its number 10 position on the list at $139.75 per sq. ft. (more…)

June 20, 2019

Peace and quiet at work? Here are ten of the best and most far out solutions ⁰

by Neil Franklin • Features, Furniture, Wellbeing, Workplace design

Any survey that sets out to establish what people believe cuts their productivity and annoys them most about their workplace almost invariably throws up the same result; the noise and distractions generated by other people. So it will come as no surprise to learn that the same surveys usually find that employees believe that peace and quiet and freedom from distractions is the most important factor when it comes to getting some decent work done. (more…)

June 20, 2019

Tech workers prefer to work for larger corporations

by Mark Eltringham • News, Technology, Workplace

UK SMEs are losing out to big tech in the battle to recruit top tech talent, according to Robert Half UK’s new report, Recruiting for the future: The challenges for UK SMEs. The white paper, which was based on an independent study of Chief Information Officers (CIOs) across the UK, found that three quarters (75 percent) of CIOs believe that it is more challenging for SMEs to attract tech workers because they prefer to work for larger technology companies. (more…)

June 20, 2019

Technology driving calls for four day week

by Neil Franklin • News, Technology, Wellbeing

A majority of European workers (57 percent) believe that technology will help to bring about a four day week in the near future as it improves their productivity and efficiency, according to new research from Ricoh Europe (registration) which looks at employee attitudes towards the continent’s ongoing productivity challenge. (more…)

June 20, 2019

Area opens new Birmingham office

by Freddie Steele • Company news

Office design and fit-out form Area is expanding its UK operation and opening a new office base in Birmingham to support and grow its existing client base. The move to Birmingham – one of the UK’s most dynamic regions – comes on the back of a series of successful projects in the region and builds on strong relationships with local clients such as Mills & Reeve, Zurich, Legal & General, Jaguar Land Rover, KPMG, Handelsbanken, Aviva, Grant Thornton and Deloitte. Birmingham and the West Midlands are regarded by economists and businesses alike as one of the most promising places in Britain to invest and grow, which creates opportunities for the commercial property market. (more…)

June 19, 2019

Coworking is now the key driver of change in property market

by Daniel Wright • Comment, Property, Workplace design

Having disrupted the property sector over the last decade, coworking continues to impact investors, developers and end users as the concept appears to be the dominant force in the commercial sector. Coworking can trace its roots back as far as the 1980s when Regus (now part of IWG) popularised the idea of a serviced office, by taking on leases of office buildings, subdividing the available space and leasing it out to small business, fully furnished and ready to rent. (more…)

June 19, 2019

Culture clash means one in ten non-native workers leave jobs

by Neil Franklin • News, Workplace

A new report from Jobsite claims that almost one in ten (8 percent) non-native workers in the UK have had to leave a job because of a culture clash or they felt they didn’t fit in, and a quarter (23 percent) of those working in multicultural teams feel their workplace has become less accepting towards their non-UK colleagues since the EU Referendum. The survey claims that over a third (35 percent) of non-native workers believe their career progression has been impacted whilst a further 13 percent think they have been overlooked for a promotion due to their cultural background. (more…)

June 18, 2019

Majority of SMEs lack a health and wellbeing strategy

by Marie Hillen • News, Wellbeing, Workplace

New research from AXA PPP healthcare claims that eight out of ten (82 percent) SME business leaders don’t have a health and wellbeing strategy in place. The same research found two-thirds (24 percent) report experiencing job-related stress or anxiety and just 15 per cent believe their company provides a culture which supports their mental health. The research also claims nearly half (46 percent) of employees working in small and medium sized businesses continue working when they’re feeling unwell and less than a quarter (24 percent) see a GP because they worry about taking time off work. One-fifth (18 percent) feel guilty for taking time away from their desk for lunch and more than a quarter (27 percent) send and receive emails outside of work hours.

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June 18, 2019

Coworking is reshaping office market in London

by Neil Franklin • Coworking, News

The flexible office and coworking markets have grown rapidly over the last five years, with more than 4 million sq ft leased to flexible office providers in Central London, according to a new report from digital office broker Hubble in partnership with JLL. Despite WeWork dominating the headlines and pioneering the uptake of coworking, the London market remains highly fragmented, with more than 150 providers offering some form of flex or coworking space in more than 650 separate locations. Flexible offices are projected to grow to a 11 percent share of overall office stock in London by 2023. At the end of 2018, flexible offices had a 6.3 percent share of the Central London market (14.7 million sq. ft.) and this number is set to keep growing. (more…)

June 18, 2019

Freelancers project economy now larger than creative sector

by Neil Franklin • Flexible working, News

Freelancers working on projects now contribute more to the economy than the creative industries, new research from the CRSE (Centre for Research on Self-Employment) claims. The ‘project economy’, made up of freelancers brought in for individual projects such as new products, innovation and infrastructure, contributes approximately £104bn to the UK economy every year, according to the CRSE’s Freelance Project and Gig Economies report. That is more than the £100bn of the creative industries and close to the £110bn contributed by the construction sector. The ‘project economy’ accounts for 73 per cent of the UK’s skilled freelancers – nearly five times the 15 per cent working in the so-called gig economy. (more…)

June 17, 2019

Worker confidence in the UK jobs market falls

by Neil Franklin • News, Workplace

The Monster Jobs Confidence Index, published for the first time by jobs board Monster.co.uk and the Centre for Economics and Business Research (Cebr), claims that workers and job seekers confidence in the UK labour market has dropped by 10 percent, from 77 percent to 67 percent. The report defines confidence as how an individual feels about their ability to find a suitable job in the short-term, realise their career potential and build a better future for themselves.