Search Results for: economic

Consensus in property industry for green agenda

by • Environment, News, Property, Public Sector

UKBC

The UK Green Building Council, backed by a wide range of trade and professional organisations across the construction and property sector, has sent an open letter to the Chancellor of the Exchequer George Osborne demanding a suite of policy changes to make the most of the green growth opportunity. The level of collaboration and consensus from within the industry is unprecedented, and includes, among others, support from the British Property Federation, Construction Products Association, British Council for Offices and Royal Institute of Chartered Surveyors.

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Workplace transformation strategies are an essential element of CSR

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

CNGLogo

Adopting 21st-century workplace practices that meet the needs of employers and employees is an important form of Corporate Social Responsibility (CSR), according to a new corporate real estate (CRE) industry advocacy statement by CoreNet Global. The report finds the nature of work is “changing dramatically, transcending the traditional definitions of productivity to include the concepts of enabling work, employee engagement, employee satisfaction and employee wellness, framed around an emerging ‘work-life support’ business model.” More →

Greater clarity required for UK infrastructure plan

by • News, Property

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The National Audit Office has called on the UK government to provide greater clarity to taxpayers and consumers on how it will meet its national infrastructure plan. The government expects £310 billion to be spent by 2015 and beyond on new infrastructure projects in sectors such as energy, rail, roads, water, waste, flood defences and digital communications. The government is looking to private companies to own and finance around 64 per cent of the £310 billion, with the burden of funding likely to shift towards the public as consumers rather than taxpayers.

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Gulf developments are talking the big numbers

by • News, Property

Following the announcement at the end of last year from the ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, that the emirate was to build what it called a new city within its borders, the Government of neighbouring Abu Dhabi has announced that it plans to spend around £56bn on capital projects over the next five years as it seeks to restructure its economy to reduce its reliance on the oil and gas industry. Abu Dhabi is the largest emirate state and its investment marks a significant shift in the economic focus of the region.  More →

Job fulfilment, not pay, motivates Generation Y talent

by • Knowledge, News, Workplace

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Today’s 20-to-30-something workforce, representing the management class of the future, values job fulfilment over financial reward, according to research by the iOpener Institute, which analysed responses from over 18,000 professionals. The study shows that Generation Y, the digital cohort born after the early 1980s, are motivated to stay with their employer, and to actively recommend their organisation to friends, by the level to which they are fulfilled in their job, rather than their levels of pay. More →

CPA: UK construction activity will fall in 2013

by • Knowledge, News, Property, Public Sector

The UK’s Construction Products Association (CPA) has today reported that it expects overall construction activity in the UK to fall by around 2 per cent this year, with most of the decline attributed to a greater than 5 per cent drop in commercial projects. Particularly concerning is the fact that the Government’s austerity measures with regard to public sector investment have not been offset by an increase in private sector activity. However these figures still represent an improvement on the 9 per cent fall of 2011.  More →

Tall buildings continue to flourish in Gulf and Asia

by • Architecture, Knowledge, News

The ongoing economic downturn hasn’t much dampened enthusiasm for erecting tall buildings according to a review for 2012 carried out by the Chicago based Council on Tall Buildings and Urban Habitats. Although the number completed in the last year fell from 82 in 2011, there were still 66 buildings taller than 200 metres opened in 2012, the third most in history. Because some projects were delayed for one reason or another, activity is expected to pick up again this year and next.  More →

Only one in five FDs see suppliers as strategic partners

by • Knowledge, News

Only one in five finance directors see their suppliers as ‘strategic partners’, according to a survey of finance leaders in the UK and Ireland carried out by Expense Reduction Analysts (ERA). The report also revealed that 77 per cent of companies work on a short term basis when procuring products and services and resort to a defensive cost-cutting mentality when money is tight. More →

Global sustainable real estate securities fund announced

by • News

A global sustainable property fund that invests in Real Estate Investment Trusts (REIT) and other publicly traded property companies that meet environmental and social sustainability criteria, has been launched by US real estate investment firm European Investors Incorporated (EII). The focus will be primarily on global equities of companies involved in the ownership, management, development and financing of commercial and residential properties that strive to meet sustainability requirements.
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It pays to check the green credentials of manufacturers

by • Environment, Furniture, Workplace design

Generation from Knoll

Generation from Knoll

There is a theory that when companies talk about issues such as corporate social responsibility they are doing so because it helps them to achieve their business goals. This is the coldly rational thing to do according to people like free market guru Milton Friedman who argues that companies should not actively pursue altruistic ends unless that pursuit is ultimately in the interest of their shareholders. As Friedman puts it: ‘Hypocrisy is virtuous when it serves the bottom line. Moral virtue is immoral when it does not’.

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Coalition’s mid-term review given green thumbs down

by • Environment, Knowledge, News

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The government may have reiterated its commitment to the green agenda in its Mid Term Review, which was published this week, but green groups remain resolutely unimpressed by its overall environmental record. Summarising the Coalition’s green initiatives so far, including the trebling of support for low carbon energy up to 2020 and the encouragement of green investments through the Green Investment Bank, the review stated: “We promised to be the greenest government ever, and we will fulfil that commitment.” More →

UK construction hits new low as service sector shrinks

by • Knowledge, News, Property

Graph Down ArrowThe three little words nobody wanted to hear at the start of 2013 are triple dip recession. Yet even as the US managed to avoid its own fiscal cliff at the turn of the year, two reports raised fresh fears that the UK’s recovery would be postponed for a while yet. According to the Markit/CIPS Purchasing Managers’ Index, UK construction hit a six-month low as the sector dropped from an index of 49.3 in November to 48.7 in December. This is well below the index of 50 which indicates a contraction in activity. Meanwhile another report from Markit/CIPS reported an unexpected fall in the UK’s service sector. More →

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