June 6, 2019

BT to dispose of 90 percent of real estate

BT has announced that it plans to close more than 270 offices as part of a five-year programme to cut costs by around £1.5bn. The firm says it will retain 30 sites in its real estate portfolio, primarily those “containing modern, future-fit buildings, including corporate offices, contact centres and specialist sites”. BT has announced the first eight locations for its new consolidated offices as part of what it calls the “Better Workplace Programme”, which was first announced in May 2018. The offices will be located in London, Belfast, Cardiff, Edinburgh, Bristol, Birmingham, Manchester and Ipswich. (more…)

June 5, 2019

C-suite reskills to face challenge of disruption

by George Eltringham • News, Work&Place

An emerging super-group of employees and consumers in the UK is adding intense pressure to already challenged C-suite leaders who are navigating tough economic, technological and geo-political environments – further threatening company growth, a new Accenture (NYSE: ACN) study finds. With nearly three-quarters (73 percent) of these powerful stakeholders believing they have the potential to destroy company value in the long term, the C-suite understands the need to respond. (more…)

June 4, 2019

Failure to understand employees creates culture of mistrust

by Marie Hillen • News, Workplace

Employees trust their CEOs less than they did seven years ago, although trust in line managers remains the same, new research claims. It also suggests that one of the reasons for mistrust is that CEOs seem unable to understand the role of their employees and the contributions they make to working culture. According to Trust in Leaders, by The Institute of Leadership & Management, workers trust their CEOs considerably less than they did in 2011, as compared to then, the results show trust in CEOs has fallen by 8 percent.

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June 4, 2019

HR managers most concerned about AI job threat

by George Eltringham • News, Technology

A new study suggests that more than 7 in 10 Britons working in production are concerned that their jobs may be made obsolete thanks to developments in Artificial Intelligence in the coming years. What’s more, over two fifths of respondents believe AI could rebel against humans. As technology develops and more money and time is invested into AI, the public’s opinion has been explored, with those working in production, HR and construction uncovered to be the most worried that AI could take their jobs away from them. (more…)

May 30, 2019

Appeal of London as capital of HQs diminishing

by Mark Eltringham • Cities, News

London faces the loss of its status as a global magnet for corporate headquarters unless it addresses a range of factors that are diminishing its attractiveness, according to a new report from the Centre for London. Brexit, dated transport infrastructure and worries about its pool of talent are all risks to the capital’s ability to attract and retain the HQs of multinationals claims the report. (more…)

May 27, 2019

BCO announces winners of North of England property awards

by Neil Franklin • News, Property, Workplace design

Manchester-based businesses dominated the BCO Northern Awards with Hanover, PwC Manchester and No. 1 Spinningfields all being recognised as some of the best workplaces in the North of England at the annual British Council for Offices (BCO) regional property sector awards held at The Principal Hotel in Manchester. In addition to the three winning buildings, 35 Dale Street in the city’s Northern Quarter also received Highly Commended in the Best Refurbished/ Recycled Workplace category. Janet Nash House, Durham and Live Works, Newcastle-upon-Tyne in the North East were recognised as two of the best workplaces in the North. (more…)

May 23, 2019

Wellbeing, a pile of turtles, office culture and some other stuff

by Mark Eltringham • Features, Flexible working, Technology, Wellbeing, Workplace design

This week is Clerkenwell Design Week amongst other things, and as part of it I chaired a discussion on Tuesday about acoustics at work in the showroom of Flokk and their effect on wellbeing. We were fortunate to have a panel that involved the likes of Nigel Oseland, Michelle Wilkie of tp bennett, Joachim Schubert of Offecct and Lee Jones of Wellworking as well as an informed audience, if for no other reason than everybody’s ability to talk about the subject as complex and multi-faceted and, to some extent, hardwired. (more…)

May 23, 2019

Boosting low carbon building renovation across Europe

by George Eltringham • Cities, News

Today, the World Green Building Council’s European network, in collaboration with eight cities and partners announced the launch of Build Upon, the next phase of what it claims is the world’s largest collaborative project on building renovation. With cities across the world declaring climate emergencies and climate action high up on the agenda for the European elections, this European Union (EU) funded project will empower cities across Europe to join forces with national governments and industry to decarbonise their existing building stock by 2050 and so increase the proportion of low carbon building across Europe. (more…)

May 21, 2019

CRE investment highest in cities with strong tech culture

by Marie Hillen • Cities, News, Property, Technology

Cities with tech innovation-oriented cultures have a strong competitive advantage amongst those investing in commercial real estate, claims a new report from JLL (registration). Of 109 cities analysed, the nine leading global markets – Boston, London, New York, Paris, San Francisco, Seattle, San Jose, Sydney and Tokyo, accounted for around 37 percent of total annual real estate investment volumes over the past decade. Like real estate investors, corporate occupiers also search for locations that have advanced innovation ecosystems, the report suggests. These cities sustain highly skilled workforces and are best placed to succeed in the future.

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May 15, 2019

Increase in number of FTSE 100 CEOs from tech backgrounds

by Marie Hillen • Legal news, News, Technology, Workplace

Digital disruption has led to a rise in the number of FTSE 100 CEOs with a background in technology, but age, education and gender diversity remain stagnant, claim the results of the annual Robert Half FTSE 100 CEO Tracker. It shows that the proportion of FTSE 100 CEOs with a background in technology has increased by 27 percent in the last year, with 14 percent of CEOs now having a background in the sector. (more…)

May 10, 2019

A balanced approach to stress has its benefits

by Brendan Street • Comment, Wellbeing

Stress is an unavoidable part of everyday life and our bodies are hard-wired to respond to it. It’s often wrongly labelled as a sign of being unable to cope, but in reality, manageable stress can give us the boost to perform better at work. When we view the demands placed upon us as close to/exceeding the resources we have to cope, a sense of stress occurs. The situation is seen as threatening. When we experience stress, our brains release chemicals and hormones that prepare us for danger. They elevate our heart rate, sharpen our senses and get us ready to act. In the short term, it can boost our ability to perform, giving us more energy and increased concentration. (more…)

May 9, 2019

Property investors cool on issue of climate change

by Mark Eltringham • Environment, News, Property

According to a RICS global survey of Commercial and Construction market professionals, in the UK, 47 percent of respondents reported that climate change risks are not important or irrelevant for investors. In addition, while 25 percent reported that there is more interest in energy efficient buildings than two years ago, 37 percent noted that investment into energy efficient buildings was limited to niche investors. The study concludes that it still appears that other considerations take precedence in the UK for investors, and the UK is lagging behind China and Hong Kong in this area, where 41 percent reported that energy efficient buildings are increasingly seen as an attractive form of investment. The issue of responsible investment, will be being discussed on the 13 and 14 May at the RICS World Built Environment Forum, Summit in New York. (more…)