Search Results for: construction

Lack of regional commercial property could hamper UK growth

by • News, Property

commercial propertyAlthough construction is on an upward trend, the development of commercial property lags behind, and the situation is particularly challenging in the West Midlands. According to JLL and Glenigan’s inaugural Commercial Construction Index, total construction starts by value, year end Q2 of 2014 were 15 per cent down compared to Q2 of 2013 at £2.03 billion. Graham Taylor, director of JLL’s Birmingham Buildings & Construction team, explained that the volume of commercial property being started has not risen substantially since the recession. Birmingham, Leeds and Manchester are already experiencing a shortage of Grade A office space – with much of the shortfall due to a drop in construction activity compared to the early to mid 2000’s. He said: “Rising corporate confidence means that many companies are looking to upgrade their workplaces. The corporate world is increasingly recognising that well-designed modern offices can be a key driver of productivity and staff retention, two major strategic concerns.”

Sustainable buildings are not more costly to construct, finds report

by • Environment, Facilities management, News, Property

Sustainable buildings are not more costly to construct finds reportThe widely held belief that sustainable buildings are more costly to construct is dispelled in a new report which shows that achieving lower BREEAM ratings can in fact, incur little or no additional cost. Researchers from Sweett Group and BRE examined the actual costs and savings associated with a wide range of sustainable building strategies. The research team applied cost data from real construction projects to three case study buildings – an office, secondary school and community healthcare centre – to produce detailed capital and operational cost information. The report; Delivering sustainable buildings: Savings and payback also reveals the associated payback to be gained from reduced utility costs and finds that even where achieving higher BREEAM ratings incurs some additional costs, this can be paid back within two to five years through the reduced costs of operating a more sustainable building. (more…)

There is a moral imperative to meet global standards in workplace performance

by • Comment, Company news, Facilities management

International evolution in global standards of workplace managementMany corporate organisations now operate on a global scale, with operations spread across a number of countries and continents. But while they are geographically diverse, they nevertheless have a requirement to meet measurable standards of performance, delivered on a consistent basis regardless of location. If something works well in one country, companies want to be able to replicate it in all others. Wherever standards relating to compliance, health and safety, sustainability, leadership or management are most rigorous, it makes good business sense to employ those same standards wherever they have a presence. But from the collapse of a building full of factory workers in Bangladesh to the death of hundreds of construction workers in Qatar, the need to promote and adhere to international standards is more than a matter of mere commerciality.

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Three major UK office developments get green light following months of talk

by • Architecture, News, Property

UK office developments

Plans for the new Astra Zeneca facility in Cambridge by Herzog & de Meuron

Three of the most talked about UK office developments have been given the go ahead within the space of a few days. The Government has finally announced that the new construction headquarters for HS2 will be in Birmingham, rather than London. Meanwhile, following all of the wrangling about its proposed takeover by Pfizer, Astra Zeneca has announced that the controversial move of its research facility from Cheshire to a new base in Cambridge will involve the creation of a new £330 million complex designed by Swiss architects Herzog & de Meuron.  Finally, planning consent has been granted for the  4.9 million sq ft Wood Wharf development in docklands including nearly 2 million sq ft of office space which the developer claims will be aimed at the thriving London technology, media and telecommunications (TMT) sector.

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Corporate social reponsibility remains a vital part of the business armoury

by • Comment, Environment, Facilities management, Insight promotion

Corporate Social responsibilityThere is now an unstoppable energy for radical change in the way that companies of all sizes conduct their Corporate Social Responsibility duties. There are compelling economic and social reasons for companies to construct new ways of thinking and practice around CSR that go way beyond just doing something worthy or nice, from building effective partnerships to attracting top employees. Some companies prefer terms like ‘corporate responsibility’, ‘corporate conscience’, ‘corporate citizenship’, ‘social performance’, ‘sustainability’ or even ‘future-proofing’ over CSR. But the core CSR principles are that a business voluntarily commits to embracing responsibility for its actions and to impacting positively on the environment, on society and on consumers, employees and other stakeholders. (more…)

RIBA announce Stirling prize shortlist for best new building 2014

by • Architecture, News

The Shard in the City of London, the Library of Birmingham, the Manchester School of Art, the London School of Economics, the Everyman theatre in Liverpool and the London Aquatics Centre have been named in the shortlist for the 2014 RIBA Stirling Prize for the best new building. The six shortlisted buildings will now go head-to-head for architecture’s highest accolade, to be awarded by the Royal Institute of British Architects (RIBA) on 16 October 2014. The six buildings will be judged by the same criteria: their design excellence and their significance in the evolution of architecture and the built environment. Stephen Hodder, RIBA President said: “The RIBA Stirling Prize is awarded to the building that has made the biggest contribution to the evolution of architecture in a given year. Every one of the six shortlisted buildings shows what great public architecture can do: it can transcend mere construction to something quite poetic.” (more…)

Strong demand for Edinburgh office space likely to slow until referendum result

by • Facilities management, News, Property

Office occupier take up in Edinburgh continues to show strong demand, with total occupier take up over 470,000 sq ft, significantly ahead of the same period last year (301,000 sq ft) according to new research by JLL. Over 225,000 sq ft was transacted in Q2 (April – June), slightly less than the Q1’s figure of 245,000 sq ft. However JLL anticipates a slow down over the summer period in the run up to the Scottish referendum, a result of the holiday period and companies delaying decisions until the outcome is clear. Despite this, JLL predicts that year end take up will remain above the five and 10 year average. Activity was characterised by a greater number of smaller deals, with only 4 transactions over 10,000 sq ft.  Enquiries continue to focus on offices which are well connected into the public transport network and offer good facilities for staff.

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EU sustainable building proposals will raise green credentials of property

by • Environment, Facilities management, News

sustainable buildingEU proposals to raise the sustainability of new and renovated buildings by increasing resource efficiency and improving information on their environmental performance have been welcomed by the World Green Building Council. Under the proposals, set out in Communication “Resource efficiency opportunities in the building sector”, builders, architects, product manufacturers, or anyone wanting to rent or buy a building will have access to better information about its environmental performance. The Commission will develop a framework for assessing environmental performance with the aim of providing a tool which can be used across Europe, by both private actors and public authorities in the development of sustainable building stock. The first set of indicators should be available in two to three years. Efforts to recycle construction and demolition waste, and to re-use it when constructing new buildings or renovating existing ones, will also be made easier under the plans.

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First female President in RICS’ history will focus on diversity

by • Company news, Facilities management, News, Property

RICS' first female president in 146-history to focus on diversityThe Royal Institution of Chartered Surveyors (RICS) has confirmed the first female President in the Institution’s 146 year history. New President of RICS Louise Brooke-Smith will give her inaugural speech today (1 July) during RICS’ Governing Council meeting in London. Alongside her presidency of RICS, Brooke-Smith will continue to be involved with the Birmingham based planning and development consultancy, Brooke Smith Planning. RICS accredits over 118,000 qualified professionals across the globe in land, real estate, construction and infrastructure. She succeeds outgoing RICS President, Michael Newey and during her year-long presidency, will focus on three core areas; diversity, Africa and her professional specialisms, planning and land economics. Commenting on her diversity plans for the year Louise Brooke-Smith, RICS President said: “Chartered Surveying is a globally recognised profession, and we must ensure that it is open to all, whatever their background, or gender. (more…)

Acquisition of Dublin office site marks strengthening demand in Ireland’s capital

by • Company news, News, Property

Dublin acquisition marks strengthening demand for office spaceA 1.7-acre office development site in Dublin has been acquired for €40.5 million by Development Securities in a joint venture with Colony Capital and two leading Irish commercial developers. The site already has existing planning consent for the development of a 166,000 sq. ft. grade A office building which would replace an existing five storey, vacant office building that currently occupies the site. Located on Burlington Road, within Dublin’s prime commercial core, the office development will be marketed for pre-lets over the near-term, with initial site works expected to commence within the next 6 months and the building’s completion by in mid to late 2016. The move reflects a wave of office development in the Irish capital, where, according to a report by CBRE Ireland, a complete lack of office development over the last three years has manifested itself in supply shortages of Grade A office accommodation in core locations.

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Lack of joined up thinking hampers efforts to reduce commercial property energy consumption

by • Environment, Facilities management, News, Property

SunriseA new report commissioned by the Green Construction Board, Property Industry Alliance and UK Government claims that efforts to tackle energy consumption in commercial property and reduce the associated emissions of greenhouse gases needs a new approach to the way policies are understood, monitored and enforced. The warnings come in a paper produced by Deloitte which suggests that while the associated potential for savings and a wide range of environmental and economic benefits are beyond question and the Government has the will to make them happen, there is a lack of cohesive thinking in current policies and legislation coupled with a shortfall in innovation and investment. When the report was commissioned last year, it was done so on the basis that buildings remain the UK’s largest contributor to carbon emissions, with energy use in non-domestic buildings accounting for 17 per cent of the total.

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Skills body to fund UK employers to improve management capability

by • News, Workplace

Staff-trainingThe UK trails behind its international competitors in management skills, says the UK Commission for Employment and Skills (UKCES). To help tackle the problem it is offering businesses across the UK co-investment to help develop ways of boosting management skills in their sector. A total of £4 million is being made available through the UKCES, as part of an ongoing government-backed programme to encourage employer-led solutions to persistent skills problems. Nigel Whitehead, Group Managing Director of BAE Systems and a Commissioner at UKCES explained: “Our research shows that the UK lags behind its international competitors when it comes to management skills. That matters. Good management practices boost productivity, staff engagement and ultimately drive economic growth. And while the UK’s best firms may be world-leading, the sad truth is that, generally, management capability in the UK isn’t as good as many other countries, particularly the US.” (more…)

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