November 10, 2022

BDP reports on successful year for the design firm

by Freddie Steele • Company news, Works Magazine

BDP has published its results for the financial year ended 30 June 2022. The practice achieved revenues of £136.6m and an operating profit of £13.2m. The multidisciplinary practice won a number of prestigious projects in the financial year and expanded into new locations by establishing new presences in New York, Lima and Edinburgh to create a network of integrated, collaborative studios with global reach. The organisation’s employee numbers have also returned to pre-pandemic levels as it welcomed talented people back to its workplaces across the globe. More →

November 9, 2022

Cost of living forcing people to seek out sources of extra income

by Neil Franklin • News

Workers are looking for new jobs, asking for extra shifts, or taking on side hustles to make ends meet as everyday expenses eat up a bigger chunk of their pay cheques. A new Qualtrics study claims that 77 percent of workers say it’s harder to pay for their living expenses than it was a year ago. In the UK, inflation recently rose above 10 percent for the second time this year amid soaring food prices. Compounding the impact of the cost of living, many of the work-related expenses that were relieved by remote work, such as commute costs and full-time childcare, are returning as an increasing number of people head back to the office. More →

November 4, 2022

Corporate real estate sector facing up to tough year ahead

by Neil Franklin • News, Property

Corporate real estate business confidence and expectations of profitability have dropped to a low level, reflecting widespread industry concerns across an array of indicators for the business, political and real estate environments. Emerging Trends in Real Estate Europe 2023 is the twentieth annual survey by the Urban Land Institute (ULI) and PwC UK of European real estate sector leaders’ expectations for the year ahead. Based on the views of around 900 real estate leaders from across Europe, the report claims that 91 percent concerned about inflation, closely followed by interest rate movements (89 percent) and European economic growth (88 percent). Political uncertainty at the global, regional and national levels are of high concern as well. More →

October 26, 2022

World Green Building Council launches guide to climate change resilience

by Neil Franklin • Environment, News

The World Green Building Council (WorldGBC) has launched a new industry guide on ‘Climate Change Resilience in the Built Environment’, collating effective and practical steps that can be taken on a building, community and city scale in order to adapt and build resilience to the changing climate. Under the inevitable impacts of climate change, which are affecting at least 85 percent of the world’s population, bringing acute hazards such as droughts, rising sea levels, heat waves and floods increasing frequency and severity, resilience action is essential to build community capacity to survive and thrive in our built environments. More →

October 25, 2022

The underlying problems with the way we think about work

by Mark Eltringham • Features, Wellbeing, Workplace design

An idea that has never really gone away, but which seems to be enjoying a new lease of life is the tabula rasa. The conception of people as a blank slate is something a that has crept back into mainstream political and social thought for a variety of reasons. Arguably, it is also behind many of the most misleading notions about work and workplace design, perhaps most importantly that a change to some single element or characteristic of a working environment will lead to a specific outcome in the behaviour of people. More →

October 14, 2022

Office fit out and rent rises will hit occupiers worldwide this year

by Neil Franklin • News, Property, Workplace design

Occupiers around the world are facing a 10 percent increase in office fit out costs with rental rises also squeezing budgets for those in EMEA, according to a new report from Savills. The firm’s Prime Office Costs (SPOC) analysis for Q3 2022 suggests that fit-out costs in key office markets around the world have continued to climb with inflation, rising an average of 10%, with increased rents in many markets also contributing to higher total net effective costs for office occupiers. Overall, the markets which have seen the largest increases in net effective costs (including fit-out costs, rents and other costs) over the quarter are largely clustered in the EMEA region, including Dublin (+7%), London City (+5%), Dubai (+3%), and Berlin (+3%). More →

October 13, 2022

Office utilisation in US returning to pre-pandemic levels, but structural changes remain

by Jayne Smith • News, Property

A new report from JLL claims that utilisation rates of US offices are returning to something closer to those of the pre-pandemic world, although hybrid working remains a far more widespread working practice than before. In addition, the focus of the market is shifting away from major city centres towards smaller, regional towns and cities. The US Office Outlook Report [registration] also suggests that higher quality office space is essential as lower grade offices are more likely to remain abandoned. More →

October 13, 2022

Transparency and collaboration key to real estate decarbonisation

by Neil Franklin • Environment, News, Property

The Urban Land Institute (ULI) has warned of a ‘carbon bubble’ in the pricing of European real estate and urged the industry to work together to preserve values across the sector as it aims to meet the decarbonisation targets set in the Paris Agreement. To support a more collaborative approach, at the inaugural ULI C Change Summit, the institute has published its Transition Risk Assessment Consultation Guidelines as part of its C Change programme. These guidelines set out a standardised method for assessing the costs of decarbonising buildings and disclosing between owners, investors, potential buyers, and valuers the main transition risks and impact on values. More →

September 23, 2022

TOG and Fora complete merger to create new flexible workspace giant

by Freddie Steele • Company news, Property

Following approval from the Competition and Markets Authority (CMA), TOG and Fora are proud to announce the completion of their merger, bringing together two highly complementary businesses with similar cultures and portfolios of high-quality, design-led workspaces. The merged business (the ‘Group’) will operate under a parent company called The Office Group with both the TOG and Fora brands retained until a full brand review is completed. The Group has plans to create the premier flexible workspace group in London and other key European cities and is well positioned to draw on the expertise and scale of both companies. More →

September 23, 2022

Digital twin in Birmingham will drive innovation and clean energy in the city

by Neil Franklin • Cities, News, Technology

A digital twin that can comprehensively model and test pathways to clean energy and net zero emissions in East Birmingham is being planned in a partnership between the University of Birmingham, Birmingham City Council and Siemens. A feasibility study has been commissioned which demonstrates how a virtual representation of the energy and transport infrastructure within East Birmingham and Tyseley Environmental Enterprise District (TEED) will help to outline pathways for decarbonisation. More →

September 21, 2022

EDGE Valley set to transform Amsterdam business district

by Freddie Steele • Company news, Property

Real estate developer EDGE has announced the official opening of Valley, the high-rise designed by MVRDV, which was recently declared the world’s best new skyscraper by the Emporis Awards. The firm claims that the addition to Amsterdam’s business district will mark a shift in thinking for urban development as a whole, transforming the Zuidas district into a vibrant and lively urban quarter. The fully leased 75.000-square-meter development, was officially opened in the presence of Reinier van Dantzig, Alderman for Housing and Urban Development, Municipality of Amsterdam, the Board of RJB Group of Companies, Winy Maas, Founding Partner at MVRDV, Coen van Oostrom, Founder & CEO of EDGE and all parties involved in the project. More →

September 21, 2022

The twenty-five technologies that can help climate action

by Neil Franklin • Environment, News, Technology

A new report by the World Economic Forum’s Climate Trade Zero initiative calls for scaling up trade in 25 key technologies to support climate action and cut greenhouse gas emissions in half by 2030 to meet targets set out in the Paris Agreement on climate change. As many parts of the world face rising energy bills, reducing trade barriers can cut technology costs, as well as speed up availability, innovation, access and adoption. More →