Search Results for: commercial

Commercial construction sector grew in first quarter of 2013

Steady growth in the commercial construction sector

There has been a steady growth in the UK commercial construction sector in the first quarter of this year, according to international property recruitment consultancy Judd Farris. The commercial construction sector has experienced steady growth, with a resulting high demand for experienced commercial candidates with knowledge of fit-outs and general build. There is also a strong recent demand for strategic sourcing candidates within Facilities Management. Said Tom Flood, Associate Director,  Judd Farris: “As part of continuing cost-saving measures, companies are keen to appoint procurement specialists to effectively manage their strategic sourcing and supplier contracts.” (more…)

UK commercial property investors shift focus to the regions

Leeds skylineInvestors 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.

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Commercial sector bucks downward UK construction trend

Construction figsConstruction business activity fell by the third month running in January, with new orders at slowest pace since October 2012 according to the latest Markit/CIPS UK Construction Purchasing Managers’ Index (PMI). There were some reports that snowfall had contributed to reduced output volumes, but the majority of respondents cited weak underlying client demand and a lack of new projects.  However commercial activity was the only sub-sector to buck the wider downward trend in output during January with the latest data indicating unchanged volumes of commercial activity, ending five months of contraction. (more…)

Europe’s commercial property investors opt for safe cities

German cities dominate the investment prospects for Europe’s commercial real estate sector as investors favour safe havens according to a new report – Emerging Trends in Real Estate Europe 2013. Munich tops the league table followed closely by Berlin in second place and Hamburg in fifth position, with investors taking comfort from each of the cities’ strong local micro-economic climate and resilient property market conditions. London, which is seen by many as Europe’s safest investment, is the largest riser in this year’s report taking third position.  (more…)

Greenest commercial building in the world opens for business

The Bullitt Center, proclaimed as the greenest, most energy efficient commercial building in the world, is opening in Seattle. The goal of the Bullitt Center is to change the way buildings are designed, built and operated to improve long-term environmental performance and promote broader implementation of energy efficiency, renewable energy and other green building technologies. Tenant are now moving into the six-storey, 50,000 square-foot building located at the intersection of Capitol Hill and the Central District in Seattle, Washington. (more…)

Commercial property deals on the rise in Yorkshire

Investors have almost doubled the value of commercial property transactions in Yorkshire, according to property consultants Lambert Smith Hampton.However, the level of deals is still slightly below the level at the same time last year. LSH says the total value of Yorkshire investment deals in the third quarter of 2012 rose to £303 million from £172 million in the previous quarter, but was below the £306.5 million total for the third quarter of 2011.

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Flokk strengthens North American push with new acquisition

Flokk strengthens North American push with new acquisition

Norwegian furniture manufacturer Flokk has strengthened its push into the North American market with the acquisition of US-based Spec Furniture,Global furniture manufacturer Flokk has strengthened its push into the North American market with the acquisition of US-based Spec Furniture, as part of an ongoing strategy that has seen the company build a significant presence in the US and Canada through a series of deals. The Oslo-headquartered firm said the move forms part of its long-term growth strategy centred on acquisitions, particularly in the fragmented office furniture sector. The company has expanded from a Nordic seating specialist into a broader international business through a combination of organic growth and takeovers. (more…)

London BCO Awards winners highlight shift towards reuse and long term workplace design

London BCO Awards winners highlight shift towards reuse and long term workplace design

The winners of the British Council for Offices London Awards 2026 have been announced, recognising a series of workplace projects that reflect changing priorities in design, sustainability and social value across the capital. Six schemes were selected as regional winners. Deutsche Bank’s headquarters at 21 Moorfields (main image) was named best corporate workplace, while Stonecutter at 1 Stonecutter Street took the award for best commercial workplace. The best refurbished or recycled workplace award went to 76 Southbank, and Rabobank at 60 London Wall was recognised for best fit out of a workplace. The award for projects up to 2,500 square metres was given to 170 Piccadilly, while TBC.London at 224 to 226 Tower Bridge Road received the ESG award. (more…)

A word or two on what people tell you about work and workplaces

A word or two on what people tell you about work and workplaces

All of those surveys about work and workplaces must be telling us something about people and what they do, mustn't they? One of the many criticisms you could make of us as a business is a reliance on company sponsored surveys to generate news stories about workplaces. We don’t publish all of them, you’ll be relieved to hear. The ones we reject are usually too nakedly self-serving. Even the ones that have some degree of statistical cred must be viewed in the right context, distorted as they might be by loaded questions, self-reporting, deliberate lying and other response biases.  Our attitude towards these polls is that they often contain some element of truth, especially if results are repeated over a period of time. When surveys over many years tell you that noise is the biggest gripe about office life, you should believe them.    (more…)

Applying a bit of know-how to the issue of sustainable office design

Applying a bit of know-how to the issue of sustainable office design

Sustainable office design is a constantly evolving, complex, and, at times, contested subject and the perfect subject for a get togetherSustainable office design is a constantly evolving, complex, and, at times, contested subject. It has shifted from a narrow focus to a broader, holistic framework embracing environmental, social, and economic issues – and now further to include governance. Collaboration is critically important – combining knowledge can ensure that environmental goals align with social metrics leading to more comprehensive, high-performance, and adaptable, human-centric spaces. Now in its fourth year, the Sustainable Design Forum returns on 23 April at Crypt on the Green in Clerkenwell, London. Hosted by the SDC – the Sustainable Design Collective, the day is not a trade show or conference. It is specifically focussed on collaboration and knowledge sharing to provide an opportunity for all members of the workplace and hospitality design community to build connections and understanding. (more…)

AI adoption slows in workplaces despite hype and massive investment

AI adoption slows in workplaces despite hype and massive investment

Corporate adoption of artificial intelligence (AI) appears to be slowing, raising questions about the pace at which the technology will deliver economic returnsCorporate adoption of artificial intelligence (AI) appears to be slowing, raising questions about the pace at which the technology will deliver economic returns, according to a new analysis of data in The Economist. Figures quoted from the US Census Bureau suggest that the proportion of employees using AI at work has edged down to around 11 percent in recent weeks. The decline is most notable among larger organisations with more than 250 staff, where uptake had previously been stronger. The findings indicate that, three years into the current wave of generative AI development, business demand may be less robust than anticipated. (more…)

Workplace as a third space: why good coffee and good WiFi still matter

Workplace as a third space: why good coffee and good WiFi still matter

What do people want from their workplace? Good coffee and reliable WiFi are far more important than yoo might thinkThe office is no longer just a default location. Hybrid work has made it one option among many. At home, people have their own desk, their own music, their own kitchen. If the workplace is going to tempt them out, it needs something more than a chair and a meeting room. Fast WiFi and genuinely good coffee can change more about people’s experiences than you might expect. People might not talk about them much, but they notice when they are missing. Both influence how the day flows. When the internet is quick and the coffee is worth getting up for, the office starts to feel different. It becomes somewhere you do not just have to be, but somewhere you don’t mind spending time. (more…)