Search Results for: commercial

September 27, 2013

Balfour Beatty appointed main contractor for St James’s Market scheme

by Sara Bean • Company news, News, Property

The Crown Estate and Oxford Properties have announced the completion of a joint venture agreement to finance the £320 million St James’s Market scheme around London’s Regent Street area. Balfour Beatty has been appointed as the main contractor, with work due to start on site in the next month. The St James’s Market scheme is set to deliver 210,000 ft² of office and 50,000 ft² of retail and restaurant space. Bob Clark, Managing Director of Balfour Beatty’s Major Projects division said: “As a global infrastructure group we will be bringing our experience in delivering high end commercial properties to the scheme and utilising our investment in 4D information modelling technology and modular construction capability to ensure perfect delivery.”

September 19, 2013

Government unveils BIM initiative for SMEs as survey reveals small business concerns

by Mark Eltringham • Architecture, Facilities management, Property

The Cabinet Office has unveiled a new initiative which aims to promote the practice of Business Information Modelling (BIM) amongst smaller businesses in the UK construction industry. At the launch of the Construction Industry Council’s dreadfully named BIM4SME forum, Cabinet Office Minister Chloe Smith reiterated the Government’s commitment to use BIM on all Government construction projects by 2016. However new research from the Institution of Structural Engineers has revealed the problems facing small businesses in using BIM, including the fact that two thirds think the Government stance on BIM makes it harder for them to win work and three quarters believe it presents them with major cost challenges.

September 18, 2013

Winners announced for outstanding leadership in sustainable buildings awards

by Sara Bean • Environment, News, Property

City Green Court building in Prague

British Land, Spanish city Vitoria-Gasteiz and the City Green Court building in Prague, Czech Republic, have clinched the top spots in the inaugural World Green Building Council Leadership Awards – Europe Region. The awards, which were announced to coincide with World Green Building Week 2013 – honour leadership and best practice in green building policy, construction projects and corporate initiatives. British Land won the category for Business Leadership in Sustainability; Vitoria-Gasteiz picked up the award for Leadership in City Policy for Green Building award; and office building City Green Court, topped the Leadership in Building Design and Performance category for its sustainability features. More →

September 16, 2013

Value of offices and property rental income across the UK hit two year high

by Mark Eltringham • News, Property

The value of commercial real estate in the UK rose for the fourth consecutive month during August, led by increases in the average value of offices, according to a report from Investment Property Databank (IPD). The average value of offices, warehouses, retail and industrial rose by a 0.4 percent across the country. Office buildings rose by 0.6 percent during the month while total return, which combines changes in real estate values and rental income, was 0.9 percent, to reach the highest level since March 2011. The report claims the upturn is down to the wider economic upturn and persistent low interest rates which incentivise investors to acquire high income generating assets. The report also notes that investors are looking to acquire more property outside of London as the economic recovery spreads across the UK. More →

September 12, 2013

When it comes to transparency, most businesses might fail The Peacock Test

by Simon Heath • Comment, Workplace

[embedplusvideo height=”180″ width=”220″ editlink=”https://bit.ly/16me1M8″ standard=”https://www.youtube.com/v/TYQvVUDeZEo?fs=1&hd=1″ vars=”ytid=TYQvVUDeZEo&width=220&height=180&start=&stop=&rs=w&hd=1&autoplay=0&react=1&chapters=&notes=” id=”ep1269″ /]

The HR profession took a savaging yesterday in a Daily Telegraph article by Louisa Peacock following what many felt to be a disastrous appearance by the BBC’s head of HR, Lucy Adams in front of the Public Accounts Committee. You can see a brutal excerpt above. A thread of sensationalism runs through the Telegraph piece but some good points are made that have broader lessons for the commercial world. There have been acres of coverage generated by the debacle at the Beeb, but there is a real sense of “there but for the grace of God go I” and schadenfreude about much of the commentary and chatter from the business community.

September 10, 2013

We deserve better than a polarised debate about cellular v open plan offices

by Andrew Mawson • Comment, Facilities management, Workplace design

Jacques Tati’s Playtime

Stimulated by a number of rather unsubtle commercial interests, the ‘in’ workplace discussion seems to have swung from ‘collaboration’ i.e. organisations need more new spaces for formal and informal collaborative interactions, to ‘distraction’ i.e. open plan workplaces are creating a loss of productivity because people whose work requires concentration are impeded by constant interruption. The implication of the latter is that people should keep their ‘cubes’ and open-plan should be avoided at all costs. You can see pretty quickly where the commercial axes are being ground can’t you.

September 9, 2013

Construction sector awarded £60m for development of more energy efficient buildings

by Sara Bean • Environment, News, Property

£60 million to help the UK construction industry design and develop more energy efficient buildings is to be awarded by the Government’s Technology Strategy Board. The projects, which address the challenges of both new and existing buildings, are expected to leverage in an additional £60 million of industry investment and £30 million extra funding from across government and other agencies. The board has already invested £83 million of funding through the Low Impact Buildings Innovation Platform, (LIBIP). It aims to help the UK construction industry deliver buildings with a much lower environmental impact by investing jointly with industry and other funders in projects to bring innovative solutions to a growing market for more environmentally friendly buildings. More →

September 1, 2013

CBI calls on Government to incentivise businesses to invest in energy efficiency

by Mark Eltringham • Environment, Facilities management, Legal news, Property

The Confederation of British Industry (CBI) has published a new report calling on the Government to adopt a more streamlined and integrated approach to energy efficiency policies, including those relevant for the UK’s commercial buildings. The report also addresses a range of related benefits and obligations for companies to help them cut costs, manage risk and open up commercial opportunities. The report argues that energy efficiency has been neglected for too long, despite the fact that Government figures show a domestic industry that is growing at 4 percent a year, is worth £17.6bn in sales and supports 136,000 jobs.

August 27, 2013

Law firm defies sector’s West End exodus with office relocation

by Sara Bean • Company news, Facilities management, Legal news, Property

The relocation by law firm Davenport Lyons from London’s Mayfair to its new offices at 6 Agar Street in the West End next month, means it is one of the last remaining West End-based law firms – most have moved out of the area due to the increasingly exorbitant costs. Davenport Lyons, which has been based in its current Old Burlington Street location for 23 years, says it remains in the area to form a “legal hub bridging the gap between the financial institutions and wealth in Mayfair, and the commercial banking sector in the city and Canary Wharf.” The new office space is also designed to deliver a semi cellular space solution, reflecting the next phase in the law firm’s evolution. More →

August 22, 2013

Work to begin at last on major mixed use development in Leeds City Centre

by Mark Eltringham • News, Property

Work is to begin on the development of the troubled former Lumiere site in the centre of Leeds after it was acquired by new owners. As we reported back in March, planning permission was granted as a way of resurrecting the site for a 195,000 sq. ft. mixed-use scheme including over 130,000 sq. ft. of commercial space, which will at a stroke increase the supply of available office space in Leeds city centre by more than half. The original plans to build Europe’s tallest residential tower on the site fell through in 2008 in the wake of the economic slump. The new Central Square scheme will consist of two new building up to 11 storeys high which will create an initial 130,000 sq. ft. of office space with outline consent for 64,000 sq. ft. for either office or hotel use.