March 12, 2024

Real estate sector is at a pivot point worldwide, report claims

Despite continued economic uncertainty around the world, there is a strong belief that the global real estate industry is at a ‘pivot point’, with improving prospects ahead for renewed investment activity, according to the latest Emerging Trends in Real Estate Global Outlook 2024 from PwC and the Urban Land Institute (ULI). The report amalgamates three regional reports, which canvassed thousands of real estate leaders across Europe, the United States and Asia Pacific, and is a key indicator of sentiment towards the global real estate investment and development outlook across the globe. More →

March 12, 2024

UK and other countries sign international pledge to cut carbon emissions from buildings

by Marvin Gort • Environment, News

The inaugural Buildings and Climate Global Forum, organised by the French Government and the UN Environment Programme (UNEP) concluded last week. Representatives from 70 countries adopted the Declaration de Chaillot, a foundational document for international cooperation. This declaration aims to facilitate a swift, equitable, and effective transition within the sector to lower carbon emissions from buildings. More →

March 4, 2024

Major built environment institutes renew joint pledge to tackle global instability as cities boom

by Neil Franklin • Cities, Company news, Environment

With almost 70 percent of the world’s population predicted to live in cities by 2050, major built environment professional institutes, including architects, planners, structural engineers and landscape practitioners, have renewed their joint pledge to collaborate to tackle urgent global challenges. Members of the UK Built Environment Advisory Group (UKBEAG), a group first launched in 2016 comprising the Royal Institute of British Architects (RIBA), the Royal Town Planning Institute (RTPI), the Institution of Structural Engineers (IStructE) and the Landscape Institute (LI), have committed to work together for at least another 5 years. More →

March 4, 2024

A quarter of projects don’t meet their stated goals – but that’s not because of remote working

by Neil Franklin • Business, Flexible working, News

A quarter of all projects do not meet the business goals that their organisations set for them, according to research published by the Project Management Institute (PMI) in the 15th edition of its Pulse of the Profession report – The Future of Project Work. The newly released report, based on the responses of over 2,000 project professionals and 300+ senior leaders around the world, paints what the report says is a concerning picture of project outcomes across various industries globally. The report also highlights the reasons for this and excludes remote working as a major factor. More →

February 16, 2024

State-of-the-art European weather centre headquarters in Reading given go-ahead

by Freddie Steele • Company news, Property

The UK Government has been granted planning permission to develop a new cutting-edge headquarters for the European Centre for Medium-Range Weather Forecasts (ECMWF) at the University of Reading. Construction of ECMWF’s modern, accessible, and highly sustainable headquarters is scheduled to start towards the end of this year and completion is expected in Autumn 2026, after Wokingham Borough Council approved the development at its February 2024 Planning Committee. More →

February 7, 2024

London must take better decisions on whether to retrofit its buildings

by Neil Franklin • Environment, Facilities management, News, Property

The London Assembly Planning and Regeneration Committee has published a new report called Retrofit vs Rebuild? which asks how decisions are made to either retrofit or rebuild properties and the carbon implications for both. In London, buildings account for an estimated 68 per cent of the city’s carbon emissions. These emissions arise from the construction, operation, and demolition of buildings. The report claims that, if London is to meet the Mayor’s 2030 net zero target, there is an urgent need to reduce emissions from buildings and to retrofit both housing and commercial stock. More →

January 17, 2024

CEOs remain optimistic about short term growth, quarter are planning to replace people with AI

by Neil Franklin • AI, Business, News, Technology

The proportion of CEOs who believe global economic growth will improve over the next 12-months has more than doubled. At the same time, the proportion of CEOs concerned about their long-term business viability has risen to 45 percent as tech and climate pressures accelerate, according to PwC’s 27th Annual Global CEO Survey. However the survey, published to coincide with the annual World Economic Forum jamboree in Davos, also reports that artificial intelligence will result in dramatic job losses in 2024 and beyond. A quarter intend to cut their headcounts by at least five percent “due to generative AI. More →

December 18, 2023

For all its flaws, COP28 still gives us a route to a greener future

by Anna King • Company news, Environment

As COP28 drew to a close, it gave those attending or observing from around the world the chance to reflect on the global commitments towards building a greener future. The UAE played host to two weeks of debate over climate change as COP28 recently rolled into town. While some questioned this region’s suitability – it being a centre of the fossil fuel industry – perhaps there is an argument to be made that this is exactly where you should hold it – to bring the issues into sharp relief. More →

December 13, 2023

It will take more than government funding for the world to reach net zero

by Jayne Smith • Environment, News

Climate finance was central to discussions at COP28 in Dubai and funding to reach net zero and restore biodiversity is still falling short. A new report from the World Economic Forum highlights the priorities for action and sets out how partnerships between organisations from the philanthropic, private and public sectors can create what it refers to as a positive domino effect, cut emissions at speed. More →

November 28, 2023

Unpicking the retrofit enigma

by Mark Eltringham • Briefing, News, Property, Workplace design

Earlier this year, a report from building consultancy Mace advocated for a retrofit first principle for buildings. The report highlighted how non-domestic buildings in the UK make up about an eighth of the country’s building stock but account for around a quarter of the country’s carbon emissions. The solution argued for in the report was to look at how best to retrofit around 3.5 million such buildings over the next ten years. We explore many of the issues around this crucial subject in this supplement produced in partnership with BVN. It represents both a snapshot of the current conversations about retrofit while pointing a way ahead. This one will run and run, but we need to get it right. More →

October 16, 2023

London Real Estate Forum makes the right noises, but will be judged on action

by Helen Parton • Comment, Events, Property

This year’s London Real Estate Forum (LREF), held from 27-28 September at the Barbican, had a general air of optimism but tempered with the uncertainty of a general election in the next twelve months and elements of political and economic uncertainty globally. The day began with a state of the market discussion chaired by dRMM’s Sadie Morgan, with challenges facing the industry identified as the current valuation of the office market, the rate of housebuilding and the government’s lack of investment in infrastructure – the event coinciding with the furore over the cancelling of the northern part of HS2. More →

October 2, 2023

Sustainability and skills at heart of RICS’ new manifesto for the built environment

by Jayne Smith • Environment, Facilities management, News

The Royal Institution of Chartered Surveyors (RICS) is launching its manifesto for the built environment in the lead-up to the next UK General Election, titled Empowering a Sustainable Future. The UK’s built and natural environments face large-scale challenges ranging from climate change to a cost-of-living crisis. According to the manifesto, endemic skills shortages undermine development in the industry while the workplace has become more fluid post-pandemic, with the built environment needing to reflect the change in workforce behaviour and its approach to sustainability. More →