Search Results for: commercial

May 1, 2013

Global coalition to create universal standard of property measurement

by Sara Bean • Architecture, Facilities management, News, Property

The world’s leading property institutions meet today to create a universal method of measuring property assets. At present, the way property assets – such as an office development is measured, varies widely from country to country. With so many different methods of measurement available, it makes it difficult for those looking to invest in these developments to compare like with like. This confusion can affect property values, lead to errors in financial reporting and, consequentially, undermine market confidence. Headed by RICS, this initial meeting of the International Property Measurement Standards Coalition (IPMSC) is the first step to delivering this consistency.

April 30, 2013

Balfour Beatty profits warning cites challenging construction sector

by Sara Bean • Company news, Property

Building and infrastructure firm Balfour Beatty has issued its second profits warning in six months, with the announcement that its UK construction business is expected to deliver significantly lower profits than expected this year. The company said the UK construction market has been a challenging environment in which to win and execute work, adding: “Market conditions which deteriorated significantly in the second half of 2012 continue to be difficult. Change in procurement trends, which we have previously highlighted have persisted, allowing customers to impose increasingly stringent conditions onto contractors.”

April 22, 2013

Shortlist for green business awards published on Earth Day

by Sara Bean • Environment, Facilities management, News

Green charities, consultancies and a range of businesses that have helped to promote and facilitate environmental progress within the corporate community over the past year have been nominated for a BusinessGreen Leaders’ Award. The shortlist for the green business awards, which celebrate leading businesses and individuals’ contributions to the green economy is published today on Earth Day, when it’s expected that over one billion people in approximately 192 countries will be taking action to protect the environment. The day is being marked in Seattle by the formal opening of the “greenest commercial building in the world,” the Bullitt center by one of Earth’s day’s founders, the environmental activist Denis Hayes. More →

April 19, 2013

Female-friendly employers named as progress of women in boardrooms stalls

by Sara Bean • Comment, Knowledge, News, Workplace

In an interview this week on BBC’s Newsnight, Facebook’s CFO Sheryl Sandberg, revealed how she’d come to notice a growing gender imbalance as she moved up the corporate ladder. As her new book Lean in, points out, 30 years after women became 50 per cent of the college graduates in the United States, men still hold the vast majority of leadership positions. This is just one of many reasons why the publication this week of the Times Top 50 Employers for Women list of the UK organisations that are leading the way in gender equality in the workplace is to be welcomed.

April 17, 2013

Abu Dhabi continues to create new offices, despite current oversupply

by Mark Eltringham • Architecture, Knowledge, Property, Workplace design

A new report from Jones Lang LaSalle into the property market in Abu Dhabi claims that although the Emirate is committed to investing in the development of new commercial property, there is already a serious oversupply of offices in the region. Vacancy rates already stand at over a third (37 per cent) with increases expected as new developments become available. Around 1 million sq. m. of new office space is set to be developed in Abu Dhabi between now and 2015, increasing the total commercial building stock by a quarter. The JLL report claims that this oversupply is suppressing rents. Grade A properties now yield about 40 per cent of what they did at their peak in the final quarter of 20008 while Grade B space also continues to see falls in its yield.

April 16, 2013

Video: how we need to break with the past to optimise what we do now

by Mark Eltringham • Comment, Facilities management, Technology

[embedplusvideo height=”146″ width=”210″ standard=”https://www.youtube.com/v/HUgGo-U2Eig?fs=1″ vars=”ytid=HUgGo-U2Eig&width=210&height=146&start=&stop=&rs=w&hd=0&autoplay=0&react=1&chapters=&notes=” id=”ep3399″ /]

Dave Coplin, the ‘Chief Envisioning Officer’ at Microsoft, explores with the RSA how we might apply technology in new ways to transform the way we work. He starts with a look at how we are constrained by the past, with the example of the QWERTY keyboard which was originally developed to slow typists down to stop keys jamming but is still the de facto input method for typists over a century later. Obviously there are very good commercial reasons why technology companies need to ‘envision’ this new world of flexible working but it’s an engaging presentation and honest enough when he argues against our obsession with specific aspects of work such as email at the expense of others.

April 15, 2013

Report claims empty offices could provide 11,500 homes

by Mark Eltringham • Knowledge, News, Property

According to new research from Lambert Smith Hampton, there is nearly 12m sq. ft of obsolete office space in the UK’s regional markets which the firm estimates could yield as much as 7.4m sq. ft. of space suitable for conversion to residential use under the Government’s controversial new planning rules. The researchers claim that this equates to approximately 11,500 new homes. The government has relaxed the planning systems in the UK to encourage developers to shift the use of space although critics have argued that this may serve to distort the market for property in some areas as residential properties are potentially more lucrative than commercial properties.

April 10, 2013

The latest edition of the Insight newsletter is now online

by Mark Eltringham • Facilities management, Legal news, News, Newsletter, Property, Technology, Workplace, Workplace design

The April 10 edition of the Insight newsletter is now available to view online covering a range of themes from commercial property to ergonomics, human resources to workplace technology, office design to legislation, all done with the usual verve and willingness to tackle issues in a genuinely engaging and unique way. Office Insight is already the most widely read publication in the UK dedicated to workplace design and management with up to 1,000 unique readers daily. The online newsletter is available to read here and it’s quick and easy to subscribe through the main website if you don’t receive a copy already.

April 5, 2013

Employers missing employee health and productivity link

by Sara Bean • Knowledge, News, Workplace

Only a minority of employers understand the productivity benefits of their health and wellbeing initiatives, new research reveals. Towers Watson’s latest Health, Wellbeing and Productivity survey found that 66 per cent of employers thought the link between health and employee performance was a relatively limited part of their health and wellbeing programme, with the main drivers being the desire to be seen as a responsible employer and the need to focus on more preventative health measures to manage rising healthcare and disability costs. More →

April 5, 2013

What Tesco’s move into a Clerkenwell office tells us about how it sees itself

by Mark Eltringham • Comment, Property, Technology

If Tesco ever wants to update its three word strapline from Every Little Helps, it could plump for something more accurate such as We Own You. Unless Facebook or Google register it first, of course. The news this week that the extensively diversified retailer is to set up an office for its digital operations in the heart of one of the UK’s Technology Media and Telecoms (TMT) hothouse in Clerkenwell tells us a great deal about how it sees its operations in this area. The move will not only help Tesco to recruit staff in and around the Tech City area of East London, but sets a marker for how it views its place in the scheme of things.

April 4, 2013

UK construction activity slips again, but at a slower rate

by Mark Eltringham • Knowledge, News, Property

According to the latest Markit/CIPS monthly survey of purchasing managers in the construction industry, output in the sector decreased once more in March but at the slowest rate since October of last year. The seasonally adjusted Markit/CIPS UK Construction Purchasing Managers’ Index (PMI) which measures overall output in the sector, was calculated at 47.2 during March, up from 46.8 in February. Scores below 50 are deemed to indicate a contraction in the market. The reduced output was put down to a combination of subdued underlying demand and unusually bad weather.

March 29, 2013

We shape the world’s cities, then they shape us

by Mark Eltringham • Architecture, Comment, Knowledge, Property

The story of the world’s cities is often told not in words but in numbers. This is especially the case with the megacities – those with a population in excess of 10 million – which obtain enough critical mass not only to produce eye boggling statistics but also to distort the fabric of whole regions and change the way people live and behave. This is true for the established megacities of London, New York and Tokyo as well as the emerging global metropolises in Sao Paolo, Beijing, Mumbai, Shanghai, Cairo and Istanbul. It is also increasingly true for cities many people have never heard of.