Search Results for: commercial

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

by • Company news, News, Property

St James scheme appoints Balfour Beatty as main contractorThe 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.”

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

by • Architecture, Facilities management, Property

BIM1The 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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Winners announced for outstanding leadership in sustainable buildings awards

by • Environment, News, Property

City Green Court

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…)

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

by • News, Property

Manchester Media CityThe 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…)

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

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

by • Comment, Facilities management, Workplace design

Jacques Tati's Playtime

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

by • Environment, News, Property

New Government funding announced to develop more energy efficient buildings£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…)

Latest issue of Insight newsletter is now available to view online

by • News, Newsletter

2.Insight_twitter_logo smIn the latest issue of our weekly newsletter, Insight, available to view online: the news that one of the new tranche of landmark buildings in London has become its own death ray; why open-plan offices need to include places of sanctuary; challenging the common misperception that facilities management is a tactical and responsive profession; poll finds UK workers would rather work for a tyrant than a fool; the CBI argues for a more integrated Government approach to energy efficiency policies, including those relevant for the UK’s commercial buildings; new guidance from the BIFM on legislative and regulatory changes for achieving reasonable access for all; and a major new report warns EU countries urgently need to address the particular issues associated with employing older workers.

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

by • Environment, Facilities management, Legal news, Property

carrot incentiveThe 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.

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Latest issue of Insight newsletter is now available to view online

by • News, Newsletter

2.Insight_twitter_logo smThe latest issue of our weekly newsletter, Insight, is now available to view online. This week:  with more over 50s in the workforce than ever before, forget Gen Y, the workplace is and will remain multigenerational; the challenge for larger organisations in creating a productive “buzz” in the office; why we propose a version of the Darwin Awards for health and safety; advice on improving the performance of low energy designed buildings; the BIFM bows out of negotiations to merge with fellow trade associations; investor confidence in commercial property reaches the highest level in five years; and we list the seven ways in which flexible working has actually made our lives more rigid.

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

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

Davenport Lyons AtriumThe 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…)

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

by • News, Property

Leeds Central SquareWork 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.

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