Search Results for: commercial

October 15, 2013

Demand in UK regional office markets beginning to outstrip supply

The latest report from property consultancy Savill’s looking at trends in the UK’s commercial property market paints a now very familiar picture of an increasingly healthy market driven by a number of sectors in general and the tech and media industries in particular, but also of growing confidence outside of London. It also highlights a marked shift away from public sector to private sector employment. Although the upsurge in demand is putting pressure on the supply of appropriate office space in certain parts of the country, a new report published today by KPMG also highlights the growing order books of UK construction firms and an increase in confidence amongst builders.

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October 8, 2013

Nearly two thirds of SMEs now trust employees to work flexibly

by Sara Bean • Flexible working, News, Workplace

One of the main arguments against flexible working amongst blue chip organisations – which was well documented following the Yahoo furore earlier this year, is that it is detrimental to fostering a collaborative working culture. Amongst small and medium sized companies, the reasons against are more straightforward, in that it demands a level of trust small business managers can ill afford to bestow unwisely. Now a new survey, carried out among over 200 UK-based SME decision-makers, highlights a growing acceptance of flexible working within these businesses. Well over half (63%) of senior executives say they trust their employees to remain productive when working away from the office, the Citrix-commissioned YouGov survey has shown. (more…)

October 7, 2013

Full details of Workplace Week event are announced

by Mark Eltringham • Events, News

PwC More London Offices

More details have been announced about this year’s Workplace Week, which takes place on 5 November at PricewaterhouseCoopers More London building. Our support for the event means that Insight readers are offered discounted tickets. The event is organised by Advanced Workplace Associates in aid of Children in Need. The event includes a chance to visit some of the UK’s most innovative workplaces including RBS, Innocent Drinks and KPMG as well as convention and a series of Fringe events. Speakers include Johnny Dunford, global director of commercial property at RICS; Curtis McLean, founder of Innovation Places; Keith Saxton, director of financial services at IBM Research; Jessica Pryce-Jones, founder of the I-Opener Institute in Oxford; and Mark Sherfield, COO of global accountants BDO.

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September 28, 2013

Two major new London fit-out contracts for ISG

by Mark Eltringham • Company news, Workplace design

Multinational fit-out and construction firm ISG has won a contract for the fit-out of clothing retailer Arcadia’s UK headquarters near Oxford Street in London and is believed to have won a £50 million contract to fit out the ‘Baby Shard’ at London Bridge for Rupert Murdoch’s News UK. The £32 million Arcadia project for the reinvention of Colegreave House, designed by Sheppard Robson, involves the fit-out of four storeys and 155,000 sq. ft. of the existing building. Staff at the firm responsible for High Street brands such as Dorothy Perkins, Top Shop and Burton will remain in situ for the duration of the phased project which includes the installation of glazed roofs over the atria at the heart of the building to provide new community areas for staff.

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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.

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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

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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.

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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.

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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…)