January 31, 2013
New York state of mind to increase building energy efficiency by 20percent
In one of the most ambitious green initiatives in the United States, New York Governor Andrew Cuomo has issued an Executive Order directing state agencies to increase energy efficiency in state buildings by 20 percent in seven years. He also announced Build Smart NY, a plan to strategically implement the Executive Order by accelerating priority improvements in energy performance. The largest and most inefficient buildings will be addressed first and undergo comprehensive whole-building improvements, including new lighting fixtures and controls, heating, ventilating and air-conditioning systems and automated energy management systems. (more…)
German cities dominate the investment prospects for Europe’s commercial real estate sector as investors favour safe havens according to a new report – 
Westminster Council has granted Legal and General Property (LGP) planning consent for a new West End office in London’s Hanover Square, expected to become one of Mayfair’s most sought after squares following the completion of Crossrail. The redevelopment will comprise a 56,000 sq ft high office-based scheme, arranged over two basements, ground and seven upper floors. The office element will provide typical floors of 8,200 sq ft, whilst there will also be two retail/restaurant units on the ground floor, totalling 9,300 sq ft and fronting Hanover Square.
Business spending will grow tentatively over the next two years, according to a new report from the 
