April 17, 2019

London leads Siemens Atlas of Digitalization as most digitally ready global city

by Neil Franklin • Cities, News, Technology

Siemens has launched a new web-based application which reveals the readiness and potential of six major cities to embrace digitalization and develop new ways of living, working and interacting. The Atlas of Digitalization is based around the interconnected themes of Expo 2020 Dubai – Mobility, Sustainability and Opportunity – and assesses how the fourth industrial revolution has already impacted urban life around the world, and the potential it could have in the future. (more…)

April 17, 2019

Bristol has lowest Grade A office vacancy rate among UK largest cities

by Mark Eltringham • News, Property

Bristol has the lowest vacancy rate for Grade A offices amongst the UK’s leading Big 6 cities, reflecting strong demand combined with a shortage of high quality commercial space, according to new figures published by property consultants JLL. Although the city and region’s reputation for talent and innovation has so far countered the shortage of space, with inward investors citing access to a highly skilled, graduate workforce as one of the main reasons for relocation, JLL is warning that more needs to be done to ensure Bristol continues to attract investment. (more…)

April 16, 2019

UK architectural firm claims global sustainability first

by George Eltringham • Environment, News

UK-based Bennetts Associates is the first architecture practice in the world to achieve approved Science Based Targets and commit to the UN’s Climate Neutral Now campaign. This commitment builds on the practice’s track record of sustainability within the built environment by taking a leadership position on climate change.

Climate Neutral Now is an initiative launched by the UN Climate Change in 2015 to encourage and support all levels of society to take climate action to achieve a climate neutral world by mid-century, as enshrined in the Paris Agreement. The scheme requires companies to measure and offset carbon footprints across three elements of the business. (more…)

April 8, 2019

Commercial property investors underestimate risks of climate change

by Neil Franklin • Environment, News

Investors in commercial property are underestimating the risks associated with climate change, including more frequent and intense extreme weather events, and need to rethink their assessment of asset vulnerabilities, according to a new report from the BlackRock Investment Institute.

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April 5, 2019

Brexit, Brits and blending: what MIPIM told us about the state of corporate real estate

by Anna King • Comment, Property

MIPIM celebrated its 30th anniversary during uncertain political and economic times, yet the mood was positive and even the backdrop of an impending Brexit decision failed to derail the UK contingent. However, the one thing missing from MIPIM in 2019 was British politicians. They were all back home, participating in decisive votes in the House of Commons as Parliament continued to kick the Brexit can down the road.

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April 5, 2019

Digital inclusion empowers women but does not lead to better jobs

by Neil Franklin • News, Technology, Workplace

All European regulatory frameworks cite technology as a key factor in promoting competitiveness and innovation, and right alongside it is its greatest tool, the population’s digital inclusion. Digital inclusion makes it possible to develop human capital able to adapt to labour market challenges and contributes to ensuring equal opportunities in terms of accessing online resources related to work, education and social participation. Is this inclusion, however, sufficient in itself to ensure improved economic status and equality? According to the results of a study produced by Lídia Arroyo, a researcher at the Universitat Oberta de Catalunya IN3 GenTIC research group, the answer is no. (more…)

April 4, 2019

People, not cost now most important factor behind corporate real estate decisions

by Marie Hillen • Facilities management, News, Property

The corporate appetite for flexible space continues to grow as around two-thirds of occupiers rank employee engagement (68 percent) and talent attraction & development (65 percent) as two of the three most important drivers of corporate real estate (CRE) strategy. According to the 2019 EMEA Occupier Survey by CBRE over a third of companies see labour and skills shortages as a key strategic challenge, double last year’s result. In line with last year’s survey, technology disruption (36 percent) economic uncertainty (43 percent) and cost escalation (31 percent) all feature highly as key challenges for occupiers.

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April 3, 2019

London, Paris and Stockholm lead ranks of European coworking hotspots

by Neil Franklin • Coworking, News, Property

London, Paris and Stockholm are among the major cities featured in a new research report from Cushman & Wakefield (registration) into the coworking and flexible office sectors, which pinpoints future demand and the next likely growth hotspots across Europe. According to the report, coworking’s rapid expansion in recent years has quickly disrupted global office markets. The report charts the current state of the sector, the emergence of flexible working space across continental Europe and where future growth will occur. (more…)

April 3, 2019

Government needs to sort Brexit deadlock as construction sector falls

by Neil Franklin • News, Property

The Government and Parliament must break the Brexit deadlock and find a way forward warns the Federation of Master Builders (FMB), in response to the latest Construction PMI data, which shows another drop in construction output. The March 2019 PMI data revealed an Index score of 49.7, up slightly from 49.5 in February, against the no change threshold of 50.0. This points to a sustained decline in construction output, representing the first back-to-back fall in construction output since 2016. While the residential building sector enjoyed an upturn, commercial construction was the worst performing area.

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April 2, 2019

The flat white economy is now the most important sector in the UK

by Mark Eltringham • News

According to a new study from the Centre for Economics and Business Research (CEBR) think tank, the so-called ‘flat white sector’ is now the most important driver of the UK economy. Consisting of the digital and creative businesses that cluster around areas like Silicon Roundabout in north-east London, the term has been coined by Douglas McWilliams, deputy chairman at the CEBR to reflect the way startups can apparently save on property costs by working out of coffee shops. McWilliams claims that the flat white economy contributed 14.4 per cent of gross value added (GVA) to the UK in 2018, making it more important than traditional sectors such as manufacturing, mining and utilities on that measure. (more…)

April 1, 2019

Against metrics: how measuring performance by numbers backfires

by Jerry Z Muller • Features, Workplace

More and more companies, government agencies, educational institutions and philanthropic organisations are today in the grip of a new phenomenon. I’ve termed it ‘metric fixation’. The key components of metric fixation are the belief that it is possible – and desirable – to replace professional judgment (acquired through personal experience and talent) with numerical indicators of comparative performance based upon standardised data (metrics); and that the best way to motivate people within these organisations is by attaching rewards and penalties to their measured performance. (more…)

April 1, 2019

Green Building Council releases guidance on social value for local authorities

by Neil Franklin • Environment, News, Property, Public Sector

The UK Green Building Council (UKGBC) has released its latest guidance document, detailing how local authorities can help ensure that new construction and property development in their area positively impacts people and communities by delivering social value. (more…)