Search Results for: london

MPs call on BBC to cut ‘staggering’ running costs of its estate

BBC television centre redesign plans confirmedThe body which oversees UK public spending has criticised the way the BBC is running its estate following the publication of a National Audit Office (NAO) report. While the report praises certain aspects of the way the estate is managed, especially its strategy of rationalising space, the Public Accounts Committee (PAC) is heavily critical of the BBC’s failure to meet its target of costs capped at 6 percent of licence fee income and the way the costs of some buildings are unacceptably high, including at the revamped Broadcasting House in London (above). According to the PAC, the running cost of the building is significantly more than others in the same area and around three times higher than a UK average. The BBC defended itself, highlighting progress in many parts of its estate and claiming that such comparisons did not stand up to scrutiny.

More →

Reports highlight the UK economy’s geographical and digital divides

Publication1The divides in the UK economy are not only geographical, but also technological. That is the conclusion of two new reports into the country’s economic makeup and the differences that mark out the North and South of the UK as well as its rural and urban economies. While the Centre for Cities 2015 Outlook report has focused attention on the North South divide with widespread media coverage, the Federation of Small Business (FSB) has also identified a second split between the digital economies of urban and rural areas. The former report paints a picture of a two-speed economy and a widening gap between South-East England and the rest of the UK while the latter highlights the damage done to businesses in rural areas as they struggle to cope with sub-par broadband.

More →

New Hammersmith mixed-use scheme to accommodate 2,000 workers

mixed-use schemeLegal & General has appointed Land Lease Property to develop a £75 million mixed-use scheme on London’s Hammersmith Road. The development, designed by Sheppard Robson, will feature 242,000 sq ft of Grade-A office space over 10-storeys, which can house up to 2,000 workers. The office space has been designed to maximise natural daylight and features outdoor roof terraces. The entire 350,000 sq ft site retail frontage will be stepped back from Hammersmith Road, with a new landscaped plaza at the front that leads through to a podium garden. A business lounge and café will form part of the retail element, which totals 13,000 sq ft, to help enhance the public areas and encourage social interaction for workers. Construction is set to start in early January 2015 with completion expected in summer 2017.

More →

Smart city systems will substantially reduce CO2 emissions, claims report

London trafficA new report from Juniper Research claims that traffic management and parking systems in the new generation of smart cities will reduce global carbon dioxide emissions by some 164 million metric tonnes (MMT) over the next five years, equivalent to the emissions of 35 million vehicles annually. The report also claims that this will transform the lives of those who live and work in cities as it manages the 700 million vehicles that will travel around the world’s cities in 2019. The report, Smart Cities: Strategies, Energy, Emissions & Cost Savings 2014-2019, claims that high levels of city traffic congestion combined with advancements in ‘Internet of Things’ sensors and software solutions has driven plans to reduce high traffic levels through smart initiatives.

More →

Digital infrastructure boost will lead to urban brain drain, claims report

Country_MouseThe tap roots of the digital economy will not spread beneath the concrete of Tech City and other urban enclaves, but in the fertile soil of the UK countryside. That is the finding of a new briefing document from the Department for Environment, Food and Rural Affairs (Defra), which claims that rural areas are set to overtake towns and cities as the main driver of Britain’s digital economy. As a result of improvements in the country’s digital infrastructure and transport links as well as a changing relationship between firms, employees and contractors, there are now more people moving to the countryside from towns and cities than those moving in the opposite direction. The briefing suggests that by 2025, the rural economy will be worth an additional £35 billion and the productivity of rural areas could outstrip urban areas for the first time since the industrial revolution.

More →

Revised plans approved for development of iconic BBC Television Centre

Revised plans for former BBC television centre buildings approvedNew office space aimed at occupiers in the creative sector is included in Stanhope and Mitsui Fudosan’s planned redevelopment of the former BBC Television Centre in west London. The London Borough of Hammersmith and Fulham have granted planning permission for the revised plans for the mixed use development of the iconic building; to include the demolition of the existing Stage 4 and 5 office buildings and their replacement with a more sustainable and efficient new ten storey office building with improved facades, designed by architects AHMM. A change in use from residential to commercial has also been approved for a new nine storey office building fronting Hammersmith Park on the site of the old BBC restaurant block, with an overall increase in office accommodation across the site from 350,000 sq ft to 519,000 sq ft.

More →

New Scotland Yard sold to Emirati investors for £370 million

Illustration: @SimonHeath1

Illustration: @SimonHeath1

The buyer of the Metropolitan Police’s Scotland Yard headquarters building has been confirmed as  Abu Dhabi Financial Group (ADFG). The sale of the home of the Met as part of a huge shake-up of the police’s estate was first announced last year and last month news emerged that a buyer had been found, although details of the sale were withheld. The sale of the site to the Emirati investment group for £370 million is reported to be some £120 million more than the original asking price set by London Mayor Boris Johnson. The current building has been home to the Met since 1967 but the Mayor’s office felt the sale and freeing up of resources could benefit the force’s frontline operations. The sale is part of a wider shake-up of the police estate in London which has already seen the sale of 32 buildings, raising £125 million. The restructuring programme is expected to complete in 2016 and is estimated to save around £60 million each year in running costs.

More →

Focus on the wellbeing of the occupants of the office, not that of the building

The design of the office has a big impact on health and wellbeingIf you ask a typical corporation about their real estate strategy you will most probably hear a lot about rationalisation, minimising cost and synergy. Real estate strategy should include all these but a cost-cutting approach can be very short-sighted. Staff costs usually account to about 90 per cent of the business operating cost, while any improvement in staff’s productivity will have a stronger and more positive outcome than any cost saving on a building. The recently released World Green Building Council (WGBC) report Health, Wellbeing & Productivity in Offices developed with the support of JLL, Lend Lease and Skanska, clearly shows that the design of an office has a strong impact on the health, wellbeing and productivity of its occupants. It describes the impact of acoustics, interior layout, look & feel, amenities, air quality, thermal comfort, location, daylight and user control on occupants. But it doesn’t stop there.

More →

Iconic office chair designer to open its first UK office in Clerkenwell

ClerkenwellThe furniture design company behind the iconic 40/4 chair [pictured] is to open its first UK HQ in London’s Clerkenwell district. HOWE, which specialises in contract, bespoke furniture design, will rent the 2,640 sq ft ground and lower ground unit at 82 Clerkenwell Road, London EC1, on a 10 year lease. Lars Bruntse, marketing manager at HOWE, commented: “HOWE develops, produces and sells dynamic design furniture solutions worldwide. London is a centre for global accounts and the UK is an extremely important market for us, so it is the right time to establish ourselves here.” Richard Reid, from Clutton’s commercial agency team said: “Clerkenwell is one of the most important design hubs in the world and we were delighted to be instructed by HOWE, designer of the iconic 40/4 chair, to find them new premises in this popular area. 82 Clerkenwell Road, with its period features, high volume space and prominent location met the requirement perfectly.”

Fold7 drops in to its new Mary Poppins inspired Farringdon offices

Fold7 has moved into new offices in Farringdon to house the expanding agency business and talent. The agency, which counts Go Compare, Gumtree, Ted Baker, Nike and Orange as its clients, has unveiled its news offices designed by Paul Crofts Studio with a Mary Poppins-inspired installation of people floating away on umbrellas and two ‘dry’ jacuzzis. On the upper level, the agency has dedicated an entire floor to an informal working area, more akin to a restaurant and bar. A wall of curiosities screens the meeting room wall, with each individual item representing a story from our history and our experiences. A mid floor raised platform with two ‘dry Jacuzzis’ provides additional break out spaces. The ‘formal’ boardroom at the Farringdon offices is fitted with a collection of cuckoo clocks to serve as a reminder that ‘it’s not the time that matters, but what you do with it that counts’ according to Fold 7 founder Ryan Newey.

More →

UK business centres market continues to flourish, claims BCA and IPD report

Regus business centresA new report has revealed just how important the growing business centres market is to the UK economy. According to the report from the Business Centre Association and Investment Property Databank the market is now comparable to the City of London both in terms of the number of people employed and the amount of office space it occupies. The report also outlines both the market’s robust health during the recent economic downturn and ongoing growth in response to increasing customer demand and the changing market for office space. The sector now boasts that it provides a home to some 80,000 businesses employing more than 400,000 people who occupy around 70 million sq. ft. of space including landmark developments such as the Regus No 1 Poultry centre in the City of London (above) and generate around £2 billion of income for the economy. The report, produced in conjunction with Snapdragon Consulting, found that the serviced office sector in the UK now represents around one third of the global market.

More →

Arup and UCL report offers up lessons from smart cities pioneers

smart citiesA new report published by engineering and design consultancy Arup and University College London claims that the pioneers of the smart cities movement need to take a more strategic approach to ensure that their spending on IT infrastructure is effective in meeting their objectives. The report Delivering the Smart City: Governing Cities in the Digital Age is based on research of eight cities including London and Bristol in the UK alongside a number of other prominent global cities such as Chicago, Barcelona, Stockholm and Hong Kong. The report found that the cities spend an average of 6 percent of their expenditure on IT services and technology, which amounts to approximately £23 million per city across the study and is roughly equivalent to the amount budgeted in the financial services sector worldwide. While the authors welcome this as a sign that tech spending is taken seriously, they also claim that more could be done to target this spending effectively and tailored to the specific needs of each city depending on factors such as its ‘ecosystem’, culture and governance. It believes that the lessons from this are appropriate to all cities, not just those already pursuing a smart agenda.

More →