Search Results for: environment

Investment in real estate upgrades stalls in face of economic and business challenges

Investment in real estate upgrades stalls in face of economic and business challenges

by • News, Property

An image of some offices to illustrate the challenges facing real estate investors Research by ULI and PwC claims that nearly half of Europe’s real estate leaders are concerned about buildings becoming obsolete in the next five years in the face of long-term upheavals in demographics, climate change, technology and lifestyles. Most of the 900 or so industry leaders that participated are making long-term resources available to address the fit-for-purpose agenda. However, the challenging business environment has reshuffled priorities to financing and high construction costs, and scarcity of resources has made real estate renewal more expensive to achieve, consequently delaying much needed investment. (more…)

Retrofitting buildings essential to reduce energy costs and combat the global energy crisis

Retrofitting buildings essential to reduce energy costs and combat the global energy crisis

by • Environment, News, Property

A tree lined street to illustrate the green benefits of retrofitting buildingsA new report from JLL claims that rising energy costs are expediting the move toward more efficient buildings. JLL’s Retrofitting Buildings to be Future-Fit research suggests that net-zero carbon (NZC) intervention measures directly impact a building’s bottom line and that failing to decarbonise leads to significant financial risk. For many buildings, meeting 2050 decarbonization targets put forward in the Paris Climate Agreement is grounded in retrofitting current spaces, which can also garner higher rents, reduce financial risk and generate higher occupancy rates and tenant satisfaction. (more…)

BDP reports on successful year for the design firm

BDP reports on successful year for the design firm

by • Company news, Works Magazine

BDP installation at Astra ZenecaBDP has published its results for the financial year ended 30 June 2022. The practice achieved revenues of £136.6m and an operating profit of £13.2m. The multidisciplinary practice won a number of prestigious projects in the financial year and expanded into new locations by establishing new presences in New York, Lima and Edinburgh to create a network of integrated, collaborative studios with global reach. The organisation’s employee numbers have also returned to pre-pandemic levels as it welcomed talented people back to its workplaces across the globe. (more…)

Responsible capitalism, and space as a service will shape real estate industry over next 20 years

Responsible capitalism, and space as a service will shape real estate industry over next 20 years

by • Environment, News, Property

A flexible office space from Instant Offices, a pioneer of space as a serviceEurope’s real estate leaders have set out a long-term vision for the industry. In this scenario the most successful firms have adopted ‘responsible capitalism,’ the user is the centre of attention, the cycle of demolition and development has been broken, mixed-use is the norm and multi-disciplinary and in-house teams deliver space as a service across a range of sectors. Emerging Trends in Real Estate Europe 2023, the twentieth annual survey of European real estate sector leaders’ expectations by the Urban Land Institute (ULI) and PwC, has looked beyond the year ahead at the trends shaping the industry over the next two decades. This report captures the views of over 900 sector leaders from across Europe. (more…)

Corporate real estate sector facing up to tough year ahead

Corporate real estate sector facing up to tough year ahead

by • News, Property

A person walks down an empty street in a central business district to reflect concerns about corporate real estateCorporate real estate business confidence and expectations of profitability have dropped to a low level, reflecting widespread industry concerns across an array of indicators for the business, political and real estate environments. Emerging Trends in Real Estate Europe 2023 is the twentieth annual survey by the Urban Land Institute (ULI) and PwC UK of European real estate sector leaders’ expectations for the year ahead. Based on the views of around 900 real estate leaders from across Europe, the report claims that 91 percent concerned about inflation, closely followed by interest rate movements (89 percent) and European economic growth (88 percent). Political uncertainty at the global, regional and national levels are of high concern as well. (more…)

Net zero carbon buildings standards coalition launches call for evidence

Net zero carbon buildings standards coalition launches call for evidence

by • Environment, Facilities management, News, Property

An image of the Earth from space to illustrate net zero carbon buildingsThe team developing the UK’s Net Zero Carbon Buildings Standard (the NZCBS) has launched a call for evidence, to help inform and guide the development of the Standard. Once developed, the UK Net Zero Carbon Buildings Standard aims to provide a single agreed definition and methodology for the industry to determine what constitutes a net zero carbon building. The cross-industry group developing the Standard and championing this initiative includes representatives from the following organisations: Better Buildings Partnership (BBP), Building Research Establishment (BRE), the Carbon Trust, Chartered Institution of Building Services Engineers (CIBSE), Institution of Structural Engineers (IStructE), Low Energy Transformation Initiative (LETI), Royal Institute of British Architects (RIBA), Royal Institute of Chartered Surveyors (RICS), and UK Green Building Council (UKGBC). (more…)

WELL certification may boost occupant satisfaction, perceived wellbeing and productivity

WELL certification may boost occupant satisfaction, perceived wellbeing and productivity

by • Company news, Environment, Wellbeing

An illustration of three people celebrating to illustrate their wellbeing A new study claims that WELL certification appears to boost levels of satisfaction and perceptions of health, wellbeing and productivity in people. The study claims to show an increase in occupant satisfaction by nearly 30 percent, as well as occupant perceived well-being scores by 26 percent, mental health by 10 percent and productivity by 10 median points in WELL Certified buildings. (more…)

Who’s driving this bus, anyway? A critical review of Leading People in Change by Jennifer Bryan

Who’s driving this bus, anyway? A critical review of Leading People in Change by Jennifer Bryan

by • Comment, Workplace

A caterpillar sits on a dew dropped leaf to serve as a metaphor for changeWriting about change isn’t easy, but too many people try it. I tried it with Elemental Change (LID, 2020). Jennifer Bryan succeeded where I didn’t, and managed a short book about change. Her book Leading People in Change also succeeds where I didn’t by focussing on one aspect of change, leadership. So far so good, despite my initial uncomfortable reaction to the title suspecting it might be a handbook for ensuring people did what we wanted them to do, regardless. Fortunately, not so. (more…)

Quiet quitting is not a thing, but employers do need to offer more fulfilling work

Quiet quitting is not a thing, but employers do need to offer more fulfilling work

by • Flexible working, News, Wellbeing, Workplace

A drawing of a male worker looking like he is overworked and unfulfilled to illustrate the idea of quiet quittingA new survey from Ricoh Europe claims that the majority of workers seek more stimulation and creativity in their job, suggesting that employers need to do more to provide fulfilling work. The research, conducted by Opinium for Ricoh Europe, polled 6,000 workers and 1,500 decision makers across the UK, Ireland, France, Germany, Italy, the Netherlands and Spain. It claims to contradict the idea of quiet quitting with 82 percent of workers describing themselves as ‘engaged’ at work, while 65 percent say they are enthusiastic about what they do. Yet while workers feel content to a degree, there remain frictions and roadblocks to them becoming more productive and creative. (more…)

World Green Building Council launches guide to climate change resilience

World Green Building Council launches guide to climate change resilience

by • Environment, News

climate changeThe World Green Building Council (WorldGBC) has launched a new industry guide on ‘Climate Change Resilience in the Built Environment’, collating effective and practical steps that can be taken on a building, community and city scale in order to adapt and build resilience to the changing climate. Under the inevitable impacts of climate change, which are affecting at least 85 percent of the world’s population, bringing acute hazards such as droughts, rising sea levels, heat waves and floods increasing frequency and severity, resilience action is essential to build community capacity to survive and thrive in our built environments. (more…)

The underlying problems with the way we think about work

The underlying problems with the way we think about work

by • Features, Wellbeing, Workplace design

people and workAn idea that has never really gone away, but which seems to be enjoying a new lease of life is the tabula rasa. The conception of people as a blank slate is something a that has crept back into mainstream political and social thought for a variety of reasons. Arguably, it is also behind many of the most misleading notions about work and workplace design, perhaps most importantly that a change to some single element or characteristic of a working environment will lead to a specific outcome in the behaviour of people. (more…)

BCO recommends more space per person for the new era of flexible working

BCO recommends more space per person for the new era of flexible working

by • News, Property, Workplace design

A worker in an office as part of flexible working cultureA report by the British Council for Offices (BCO) recommends a new method for calculating the amount of space needed per person in the post-pandemic world of flexible working. The research claims to identify a ‘sweet spot’ of 10-12 sq. m. per person. This will account for the rise in people working from home and hot-desking when in the office, while simultaneously ensuring the workspace meets modern employers’ requirements to promote productivity and wellbeing, as well as targets to minimise carbon emissions. (more…)

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