Search Results for: commercial

Communal workspace model making inroads in US offices

by • Facilities management, Knowledge, News, Technology, Workplace design

Costar

There is a growing trend in the United States to downsize office space, particularly amongst larger public firms, as they increasingly adopt policies for sharing non-dedicated offices and implement technology to support their employees’ ability to work anywhere and anytime. In a webinar presented to subscribers of commercial real estate intelligence group CoStar, Norm G. Miller, PhD, a professor at the University of San Diego, Burnham-Moores Center for Real Estate examined what would happen if office tenants used 20 per cent less of the US’ current office space, which has a total valuation of $1.25 trillion.

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Hong Kong and London world’s most expensive cities for start ups

by • Knowledge, News, Property

Hong KongA new report from property consultants Savills based on the total cost of setting up in business in the world’s major cities has today revealed that Hong Kong is the most expensive of the ten cities in which to locate, with London in second place and New York a close third. The total real estate cost of setting up business in all three cities is now almost three times that in the best priced world capitals, Shanghai and Mumbai. The report will be published in full on the 20th March as The World Cities Review and includes measures of headline rent, tax and other charges.

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Challenge for Ecobuild is reducing greenwash and white noise

by • Architecture, Comment, Environment, Facilities management, Workplace design

White noiseToday is the first day of Ecobuild, which claims to be the world’s largest exhibition dedicated to sustainable construction and fit-out. Some 1,500 organisations are taking part in the event in East London which last year attracted 58,000 visitors from around the world. While undoubtedly successful, influential, with great intellectual content and a showcase for some truly innovative and effective products, the approach of Ecobuild invariably begs the question: in a world in which every supplier claims to be environmentally friendly, how are their customers expected to make the right choices?

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Liverpool and London regeneration projects get green light

by • News, Property

Liverpool Waters

Liverpool Waters

Two huge regeneration projects, one in Liverpool and one in London, have been approved today. The Community Secretary Eric Pickles gave the uncontested go-ahead for the £5.5 billion Liverpool Waters scheme at the same time as London Mayor Boris Johnson green lit the £1.5 billion regeneration of the 23 acre Heygate Estate in Elephant and Castle, South London. Both will provide a much need fillip to the UK’s moribund construction sector, creating thousands of new jobs as well as thousands of new homes, offices, shops, restaurants and other buildings in rundown areas of the two cities.

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UK building sector contracts again but there may be light at end of tunnel

by • Knowledge, News, Property

Canary Wharf buildingsThe UK’s construction sector has continued its recent pattern of contraction according to the latest survey of the Purchasing Managers’ Index (PMI) from Markit/CIPS UK. The last month’s index, published earlier today, showed at 46.8, where a figure below 50 indicates a decline in activity, marking the most significant monthly downturn since October 2009. The fall is the fourth consecutive monthly fall although there was a contrast between the commercial sector which endured the biggest drop and residential building which rose slightly.

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Updated: nearly all London boroughs seek exemption from office conversion plan

by • Architecture, News, Property, Public Sector

City-of-London

Earlier, we reported that London’s Mayor Boris Johnson openly believes that London’s key business districts should be exempt from proposals to allow offices to be turned into homes without planning permission. Now a report emerges from CBRE that all but a handful of London’s boroughs are to seek to make themselves exempt from the rules.  According to the research, only Barking and Dagenham, Greenwich, Croydon and Kingston are unlikely to seek an exemption. Four other boroughs are discussing plans with the Greater London Authority (GLA) and the remaining 25 are set to apply to make themselves exempt.

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Long awaited plans submitted for Smithfield development

by • Architecture, Flooring, Furniture, News, Property, Workplace design

SmithfieldThe controversial and long-awaited plans for the redevelopment of the derelict sections of Smithfield in London have been submitted by Henederson Global Investors.  While the existing meat market will remain untouched, the £160m plan for the rest of the site includes the refurbishment of the former General Market, Fish Market and Red House Buildings, as well as the original engine house.  Originally built between 1886 and 1883 by the architect of Tower Bridge Horace Jones, the historic site has been the subject of previous proposals including a controversial scheme by architects KPF which was thrown out after a 4 year battle in 2008. (more…)

Net-Zero buildings top measure of sustainability success

by • Architecture, Environment, News, Property, Workplace design

the Crystal

Net-zero commercial buildings, i.e. those that produce at least as much energy as they consume should be the long-term aim of corporate energy strategies, says a CoreNet Global statement. “Smart and responsible energy policies and practices reduce corporate carbon footprints and greenhouse gas emissions, (and) we encourage our members’ companies to drive energy efficiency to optimal levels with net-zero buildings as a top measure of long-term success.” The global real estate association calls on governments around the world to incentivise building owners, investors and occupiers who proactively reduce their carbon footprints. (more…)

Plenty of innovation in Stockholm. Just ignore the price of beer.

by • Comment, Events, Facilities management, Furniture, Lighting, Products, Workplace design

Nendo Stockholm

They say first impressions count so after landing in Stockholm it was a shame that mine veered towards a personal negative rather than a positive when I discovered that my hotel room interior was purer in design than a polar bear’s coat. To a problem solving mind like mine, this didn’t add up. Surely the cold climate would venture towards a more luxurious, cosy and comforting aesthetic. My second impression inevitably arrived courtesy of a local bar. I could have sworn I’d ordered a 40cl beer rather than the bottle of Bolly the bill suggested. So with those problems dismissed from my mind, it was heartening that the rest of the trip to the Stockholm Furniture and Light Fair was roundly positive.

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British Land named Carbon Champion at CIBSE awards

by • Environment, Facilities management, Lighting, News, Property, Technology

British Land

British Land has been named Carbon Champion of Year in the Chartered Institution of Building Services Engineers (CIBSE) Building Performance Awards 2013. The awards recognise building performance excellence in 12 categories, with other winners including Max Fordham, Norland, Atkins and London 2012 Olympic and Paralympic Games. The CIBSE awards recognise and celebrate the best performance, innovation and practice in design, commissioning, construction, installation and operation of sustainable buildings and the manufacturers whose technologies enable energy efficiency. (more…)

Final approval given to scheme for London’s ‘Scalpel’ tower

by • Architecture, News, Property

ScalpelThe Greater London Authority (GLA) has published its Stage 2 Report into the building nicknamed ‘The Scalpel’ – but more properly described as the 38-storey headquarters for US insurance business W. R. Berkley Corporation. The Report approves the scheme for the building in Lime Street which was granted planning consent 3 weeks ago and will incorporate over 500,000 sq ft of commercial space. The Tower, designed by Kohn Pedersen Fox will create 7,700 sq ft of new public space at street level, over 1,000 sq ft of retail space and a new 10,000 sq ft restaurant below-ground. The development is funded by W. R. Berkley, who will occupy around a quarter of the intended office space.

New property market research highlights UK’s regional differences

by • Knowledge, News, Property

A new report from Knight Frank has highlighted the marked regional differences in the UK’s commercial property market. On a positive note, there is a clear indication that while market conditions remain undoubtedly tough, the level of activity for 2012 indicates a level of resilience.  Overall take-up for 2012 totalled 4,930,430 sq ft, around 4 per cent down on 2011 and 11 per cent down over the last decade. However, a number of markets enjoyed stronger conditions including Edinburgh (+47%), Glasgow (+15%), Aberdeen (+14%), Manchester (+10%) and Leeds (+3%). (more…)

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