Search Results for: commercial

March 23, 2015

Property investors favour sustainable buildings, claims report

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

Property owners could make a greater return on their investments if they improved the sustainable credentials of their buildings, according to a new report published by CBRE. According to the study of 280 investors published in the Investor Intentions Survey 2015, a growing number are taking into account environmental considerations which they consider have a direct influence on the returns and value of their assets. Nearly three-quarters (70 percent) believe sustainability is either a critical or desirable criterion when making investment decisions with only 15 percent claiming that “sustainability is not a significant consideration in selecting assets to buy”. The report’s authors claim that while the property industry has been seeking evidence of the financial benefits of sustainable buildings for some time, this has been difficult to define given the complex factors that influence transaction prices.

March 22, 2015

March 20th issue of Insight is now available to view online

by Mark Eltringham • Facilities management, Newsletter, Workplace, Workplace design

In this week’s issue; we highlight six key workplace related issues from this week’s Budget announcement; Alan Williams tells a little tale of how facilities management might bring an organisation’s value to life; Colin Watson considers what our colonisation of tall and floating buildings tells us about how we work; office workers gripe about the problems they experience with the technology that is supposed to help them; Manchester and Edinburgh emerge as the UK’s most dynamic regional property markets; employee benefits policies fail to reflect the needs of family life; and the UK is missing out on a chance to harness the commercial nous and experience of the over 50s. Sign up to the newsletter via the subscription form in the right hand sidebar and follow us on Twitter and join our LinkedIn Group to discuss these and other stories.

March 17, 2015

How facilities management brings organisational values to life. Or not

by Alan Williams • Comment, Environment, Facilities management, Workplace

We have used stories to pass on information for thousands of years and they remain the most powerful way we know to communicate. Indeed, the power of story is magnified in today’s super-connected, transparent world – the truth gets out fast and can be widely communicated – to millions of people all over the world – in such a short space of time. Here is a story which illustrates how employees’ “felt experience” every day strongly shapes their perception of an organisation and how the impact compares to official “corporate messaging”. This, in turn, highlights the critical (often under appreciated) role played by facilities management in reinforcing organisation brand and values. What are the implications for the role of FM and the wider HR agenda?

March 12, 2015

BREEAM consults on new scheme for refurbishment and fit-out projects

by Mark Eltringham • Environment, Facilities management, News, Workplace design

A draft of the part of the BREEAM sustainability assessment schemes which deals with refurbishment and fit-Out, has been published for consultation. Launched this week at MIPIM, the consultation will close on 10 April 2015. The draft document can be downloaded from the BREEAM website here. All interested parties, buildings owners and investors, designers, construction industry professionals, BREEAM assessors and other stakeholders are invited to send their comments to breeam@bre.co.uk with the subject: “Comments on draft BREEAM International RFO 2015”. The draft publication of of the scheme comes four months after the launch of the UK Refurbishment and Fit-Out 2014 scheme. BRE claims that this has been adapted for an international market to take account of a range of local and regional standards, conditions and climates.

February 18, 2015

Record uptake of London office space continues…but at a price

by Mark Eltringham • News, Property, Technology

Take up of leased office space in London has hit its highest level since 2000, claims a new report from BNP Paribas Real Estate. The recorded level of 4.49 million sq. ft. during the final quarter of 2014 was driven by serviced office operators and occupiers in the technology, media and telecoms sectors. TMT firms accounted for just under a third (31 percent) of the market in Q4 and 24 percent for the whole year. However the market is still characterised by a mismatch of supply and demand which means not only low vacancy rates in key business districts but also sustained upward pressure on rents. The average office rent per square metre in the City of London has risen by 17 per cent from £560 to £655. In the prime parts of the West End rents have jumped 8 percent over the year to £1092 per square metre.

February 18, 2015

£16.5m deal for office development at Moorgate Crossrail station confirmed

by Sara Bean • Cities, Company news, News, Property

Land Securities has confirmed it has bought the leasehold to the 1.9 acre site located at the western entrance to the Liverpool Street Crossrail station for £16.5 million. Plans for the site, at 21 Moorfields, EC2, which currently comprises vacated 1970s offices and a Transport for London (TfL) worksite, include two new buildings totalling approximately 500,000 sq ft of predominantly office space, with some retail at ground level and a public realm. The two proposed buildings will provide direct access to the underground and the new Moorgate Crossrail station below – due for completion in 2018. Land Securities entered into a conditional agreement to acquire the site in December 2012 and has since negotiated to own the site on two separate 250 year leases, with TfL having the option of participating in the development.

February 11, 2015

This isn’t a golden era for small business; it’s more interesting than that

by Mark Eltringham • Comment, Flexible working, Public Sector, Technology

Yesterday, the Prime Minister’s Enterprise Advisor Lord Young produced a report into the key trends experienced by the UK’s small businesses over the past five years. According to the headline figures presented by the report, this is a ‘golden era’ for small businesses in the UK, with a record number of small firms in the country. The reported 5.2 million small firms represents an increase of 760,000 over the five year period covered by the study. The report concludes that the main drivers of this upsurge are the growing belief people have in their own ideas and abilities coupled with the technological wherewithal to make them a commercial reality. Lord Young also claims the Government deserves some credit for providing the business landscape for this to happen. But is it really that simple?

February 9, 2015

The open plan remains an important office design element

by Paul Goodchild • Comment, Facilities management, Workplace design

For half a century the default office design model in large parts of the world has been the open plan. Even though that continues to be the case, a growing number of voices are questioning this hegemony and suggesting there may be better ways of designing offices that balance the advantages of the open plan while eliminating or mitigating drawbacks. On the face of it, the case for working in open plan offices is clear cut. Not only are they believed to be more conducive to collaborative work, open plan workstations take up around half the space of cellular offices. As well as taking up less space, a crucial consideration is that fit-out costs are typically around 25 per cent lower, even in eye wateringly expensive commercial property hotspots such as London.

February 7, 2015

The latest Insight newsletter is now available to read online

by Sara Bean • Facilities management, Flexible working, Newsletter, Technology, Wellbeing, Workplace, Workplace design

In this week’s issue; the UK takes a leading role in the development of the Internet of Things and the government publishes a guide to digital economy clusters; news that Europe’s commercial property market ‘sizzled’ during 2014 while a report suggests city leaders are the main obstacles to the implementation of urban infrastructure. Mark Eltringham derides more attempts to define the workplace of the future; Sara Bean warns that employers need to consider whether their workplace has an inclusive design; and as the winners of the first ever employee engagement awards are announced research reveals the cost of disengaged employees. Sign up to the newsletter via the subscription form in the right hand sidebar and follow us on Twitter and join our LinkedIn Group to discuss these and other stories.

January 9, 2015

O2’s dogmatic approach to flexible working sends the wrong signals

by Mark Eltringham • Comment, Flexible working, Technology, Workplace design

Although we would normally offer the findings of a survey without comment, preferring readers to add their own pinch of salt, it’s sometimes interesting to question the way research is presented. This week a study by O2 claimed that in the six months since nearly all full time UK workers were granted the right to request flexible working, 23 percent of staff have taken advantage of the option. While there is nothing unusual in a mobile tech firm producing a survey about flexible working, what is interesting is that they have chosen to present this as ‘only 23 percent’ and many in the press have gone along with it. Now, unless I’ve missed something, isn’t it actually remarkable that nearly a quarter of UK employees have requested flexible working in a six month period?

December 18, 2014

Revised plans approved for development of iconic BBC Television Centre

by Sara Bean • Facilities management, News, Property

New office space aimed at occupiers in the creative sector is included in Stanhope and Mitsui Fudosan’s planned redevelopment of the former BBC Television Centre in west London. The London Borough of Hammersmith and Fulham have granted planning permission for the revised plans for the mixed use development of the iconic building; to include the demolition of the existing Stage 4 and 5 office buildings and their replacement with a more sustainable and efficient new ten storey office building with improved facades, designed by architects AHMM. A change in use from residential to commercial has also been approved for a new nine storey office building fronting Hammersmith Park on the site of the old BBC restaurant block, with an overall increase in office accommodation across the site from 350,000 sq ft to 519,000 sq ft.

December 16, 2014

Central London office take-up hits highest level since 2010

by Sara Bean • Facilities management, News, Property

Take-up in the central London office market is expected to hit its highest level since 2010, bolstered by a massive increase in demand among firms in the Professional and the tech, creative and new media sectors. These sectors are forecast to employ a further 110,000 people across Westminster, the City of London, Southwark and Tower Hamlets in the next decade, which is expected to further increase demand. According to DTZ’s latest Central London Offices Update overall office take-up is expected to reach 14.5m sq ft in 2014; up by 30 per cent on the five year average and at the highest level recorded since 2010. However , availability has continued to fall, with just 9.5m sq ft of office space currently remaining – the lowest level since 2001. This restricted availability is leading to a higher level of competition for space which is driving up rents. More →