Search Results for: financial

HOK releases new workplace benchmarking report for financial services sector

by • Architecture, Briefing, News, Workplace design

HOK Benchmarking reportArchitectural practice HOK has released a new benchmarking report that examines design and work-style trends at leading financial services firms over the past three years, including the finding that space is underutilised across the sector by nearly a half, meaning that growth can easily be accommodated within the existing facilities of many firms. The HOK Benchmarking Report claims to provide information on recent trends affecting the industry, an analysis of how organisations are using office space and metrics for space standards based on recently completed workplace projects for financial services firms in New York, Toronto and London. The authors claim that because ‘companies are eager to understand the link between their work environments and organisational performance, the space standards and findings in this report can provide a baseline to help corporate real estate and facilities professionals identify and respond to opportunities for improvement.’

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Time to admit we were wrong about Canary Wharf and other business districts

Time to admit we were wrong about Canary Wharf and other business districts

by • Features, Flexible working, Property

There was a time during and after the pandemic when it looked like time was up for the world’s major business districts. For a start Canary Wharf looked like it would need to completely reinvent itself as firms started to relocate to smaller more central premises. Instead of housing tenants such as HSBC it would focus on becoming a mixed-use space with more homes and leisure facilities. Hell, we even published a feature setting that all out ourselves. But it’s funny how things turn out. The latest news is JP Morgan’s announcement of a vast new headquarters building in the area. The bank, already one of the largest employers in the UK financial sector, has confirmed plans for a three million sq ft tower on the waterfront that will accommodate 12,000 staff and represent an investment estimated at £3 billion. (more…)

Four built environment projects named the winners of the 2025 ULI Europe Awards for Excellence

Four built environment projects named the winners of the 2025 ULI Europe Awards for Excellence

by • News, Property

This week, four real estate projects were named the overall winners of the 2025 Urban Land Institute (ULI) Europe Awards for Excellence from this year’s ten finalists. The winning projects include a social housing project in Milan situated on an abandoned office development site, a new secondary school in Brussels developed in a former brewery, a new flexible life sciences hub in Stockholm, and an acute healthcare facility in Birmingham which is intended as a catalyst for community regeneration. (more…)

Shift to a low carbon economy could create millions of jobs but risks widening global divides

Shift to a low carbon economy could create millions of jobs but risks widening global divides

by • Environment, News

The shift to a low carbon economy is expected to reshape labour markets across the world over the next five years, with almost 14.4 million jobs set to be affected by 2030The shift to a low carbon economy is expected to reshape labour markets across the world over the next five years, with almost 14.4 million jobs set to be affected by 2030, according to a new report from the World Economic Forum. The research suggests that while 2.4 million roles will be phased out, the emergence of new industries and technologies will generate around 12 million new positions, resulting in a net gain of 9.6 million jobs. Yet the report warns that the scale of disruption, combined with persistent economic and geopolitical pressures, could deepen existing inequalities both within and between countries. (more…)

Most people think work has a positive effect on their overall wellbeing

Most people think work has a positive effect on their overall wellbeing

by • News, Wellbeing, Workplace

A large majority of workers believe that being in employment has a positive effect on their health and wellbeing, according to a new pollA large majority of workers believe that work has an overall positive effect on their health and wellbeing, according to a new poll from Cirencester Friendly. The survey, carried out by Opinium Research in August among 2,420 working adults, found that seven in ten respondents felt that work benefits their health, with just over a third strongly agreeing. The findings suggest a broadly consistent view across generations and genders. Almost seven in ten Gen Z workers said work has a positive impact on their health, a figure only slightly lower than the three quarters of Baby Boomers who expressed the same view. Women were marginally more likely than men to agree, although the difference was slight. (more…)

Creativity improves company performance, claims new academic research

Creativity improves company performance, claims new academic research

by • News, Workplace

The two-year Creative Leap project found that companies with above-average individual creativity and an organisational culture that supports creativity were more likely to perform betterCompanies that prioritise creativity are more successful, claims new research from Aalto University School of Business. The two-year Creative Leap project found that companies with above-average individual creativity and an organisational culture that supports creativity were more likely to perform better financially than the industry average. The project involved researchers from Aalto University School of Business and School of Arts, Design, and Architecture and corporate partners such as the Finnish Post Office, Health food company Raisio Group and Global chemical company Kemira. (more…)

World’s business districts regain strength but face ongoing challenges

World’s business districts regain strength but face ongoing challenges

by • News, Property

The world’s major business districts are recovering their appeal after the disruption of Covid-19, according to new research from EY and the Urban Land Institute (ULI). The 2025 Global Business Districts Attractiveness Report shows that nearly two thirds of surveyed stakeholders now consider these districts more attractive than before the pandemic. The study assesses 30 leading districts across Europe, North America and Asia using 2,400 data points measuring macroeconomic performance, talent, real estate, innovation and sustainability. The findings suggest that long-established hubs retain their dominance, with Midtown Manhattan, the Financial District in New York, Tokyo Marunouchi, Paris La Défense (pictured) and the City of London occupying the top five positions. Collectively, the districts generate USD 4.5 trillion in annual GDP and provide more than seven million jobs. (more…)

Government issues new guidance on managing surplus property

Government issues new guidance on managing surplus property

by • News, Property

The UK Cabinet Office has published updated functional guidance titled Managing Surplus Government Property, setting out how government departments should identify, evaluate and dispose of surplus real estateThe UK Cabinet Office has published updated functional guidance titled Managing Surplus Government Property, setting out how government departments should identify, evaluate and dispose of surplus real estate within the central government estate. The document was released on 10 November 2025. The guidance replaces the earlier Guide for the Disposal of Surplus Land and reflects a broadened scope, placing greater emphasis on reviewing multiple options and combining factors when considering disposal or reuse of property assets. (more…)

Employers increasingly see AI as a way of reducing headcount

Employers increasingly see AI as a way of reducing headcount

by • News, Technology, Workplace

UK firms are bullish about the use of GenAI but their employees are not so certain, according to a new pollOne in six (17 percent) employers expect AI to shrink their workforce over the next year, with junior roles most at risk, according to the CIPD’s latest Labour Market Outlook which surveyed over 2,000 employers on their hiring, redundancy and pay plans.  Of those, almost two thirds (62 percent) believe that clerical, junior managerial, professional or administrative roles are most likely to be lost because of AI. The risk is highest in large private sector firms, where one in four (26 percent) expect headcount to fall, compared with 17 percent in the private sector overall and 20 percent in the public sector. (more…)

People are now more interested in job rewards now rather than at some point in the future

People are now more interested in job rewards now rather than at some point in the future

by • News, Workplace

Employees place far greater importance on being respected, fairly compensated and other job rewards now than on their future career prospectsEmployees place far greater importance on being respected, fairly compensated and other job rewards now than on their future career prospects, according to new international research. The Work Remastered 2025 report from United Culture, which surveyed 1,500 employees in the UK, US and Western Europe, found that respect topped the list of workplace priorities, cited by 36 percent of respondents. This rose to 43 percent among US workers and 45 percent among those aged 18 to 24. Job security followed at 31 percent—rising to 40 percent in the UK—while fair pay ranked third at 29 percent. (more…)

Adoption of workplace AI is inconsistent and riddled with contradictions

Adoption of workplace AI is inconsistent and riddled with contradictions

by • AI, News

New research claims to reveal the significant divides in how organisations are adopting artificial intelligence, with some reporting positive outcomes and others citing fear, risk and job losses.New research claims to reveal the significant divides in how organisations are adopting artificial intelligence, with some reporting positive outcomes and others citing fear, risk and job losses. The study, carried out by The Adaptavist Group as part of its latest Digital Etiquette: Unlocking the AI Gates report, surveyed 900 professionals responsible for introducing and onboarding workplace AI in the UK, US, Canada and Germany. It found a sharp split between the 42 percent of respondents who believe their company’s AI claims are over-inflated and the 36 percent who do not. (more…)

Carbon capture could help turn CO2 into fuels, chemicals and building materials

Carbon capture could help turn CO2 into fuels, chemicals and building materials

by • Environment, News

The report, Defossilizing Industry: Considerations for Scaling-up Carbon Capture and Utilization Pathways, outlines how industries could transform captured carbon dioxide into fuels, chemicals and building materialsA new report from the World Economic Forum warns that current plans for carbon capture and utilisation (CCU) fall well short of what is needed to meet global climate goals. The study, launched today in collaboration with Wood Mackenzie, concludes that planned CCU projects represent only around six percent of the scale required by 2040 to align with international targets. The report, Defossilizing Industry: Considerations for Scaling-up Carbon Capture and Utilization Pathways, outlines how industries could transform captured carbon dioxide into fuels, chemicals and building materials, creating new markets while cutting emissions. It argues that CCU has the potential to convert carbon from a liability into an asset, generating jobs and value chains across multiple sectors. However, it warns that without stronger policy signals and investment, the opportunity will remain unrealised. (more…)

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