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Four-building Hammersmith office development acquired by AXA

Four-building Hammersmith office development acquired by AXA

by • Company news, News, Property

Four building office development acquired by AXAA 193,000 sq ft (17,930 sqm) office property based in Hammersmith West London has been acquired by AXA Real Estate. 77 Fulham Palace Road comprises four buildings: Hamlet, Horatio, Ophelia and Elsinore and is currently let to 19 tenants. It has a wide range of floor sizes across the four buildings and unusually for Central London has 221 parking spaces. Given a current lack in supply of Grade A office space in West London, AXA has indicated that it will increase the current floor space at the property by 18,900 sq ft (1,755 sqm), and transform it into Grade A office space. This expansion would be undertaken alongside a planned refurbishment of some of the buildings, to enhance their overall functionality and design, adding to the current facilities on offer. Huw Stephens, Head of UK Transactions at AXA said: “At 77 Fulham Palace Road we have identified an opportunity, through a number of asset management initiatives, to add value to a core, well located asset in London. By utilising the expertise of our local asset management teams, we will be able to improve the tenant mix, whilst delivering investment performance to our clients.”

Religious leaders have their say on ongoing work-life balance debate

by • Flexible working, Technology, Workplace

chief rabbi work-life balanceThe UK’s Chief Rabbi Ephraim Mirvis has appealed to people to free themselves from digital slavery for at least one day a week. Speaking in The Times, the Chief Rabbi (pictured above) calls on all people to give up their smartphones, tablets and other devices for at least a day a week as part of a campaign to revive adherence to the Jewish custom of the Shabbat in which people do not work between sunset on Friday and Saturday. He has been joined in his call by the Archbishop of Canterbury and The Pope, both of whom have urged people earlier this year to focus less time gazing into the unblinking eye of their devices and instead focussing on the real world, its issues and the people around them as a way of achieving a better work-life balance. The Chief Rabbi claims in the interview that the ceaseless need to respond to electronic messages distracts people from family life, communal living and spiritual reflection.

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Orgatec preview: the next generation workplace is all about settings

by • Comment, Events, Products, Workplace design

There is a well travelled international circuit for those interested in what office design tells us about the way we work that has, for a number of years, taken in London, Milan, Chicago, Stockholm and Cologne as its main stopping off points. This week sees the launch of Orgatec, the longstanding biennial workplace festival in Cologne. One of the interesting features of Orgatec is that, because it takes place every two years, it offers snapshots of key developments in the market. It throws a spotlight on whatever workplace professionals are talking about and whatever product designers are doing in response to the changing world of work. And it does it on a big scale. This year over 600 companies from 40 countries will be presenting across an exhibition area of 105,000 sq. m. This seems big, and is, but is down markedly on the size of the show from 20 years ago when Orgatec was the launch pad for seminal products such as Herman Miller’s Aeron Chair and the Ad Hoc  furniture system from Vitra.

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If you want to reduce the cost of your office, move to a creative area

by • Comment, Facilities management, Property, Technology

If you want to reduce the cost of your office, move to a creative area

Clerkenwell Design Week

“First we shape our buildings, thereafter our buildings shape us.” Winston Churchill, House of Commons opening speech. Buildings do indeed shape us, but what seems to affect us even more is the neighbourhood. It’s the immediate environment as opposed to buildings that is much harder to create. It needs numerous factors to influence it, among them the two most precious components– the right people and enough time. Politicians all over the world dream of creating zones that will draw the most innovative companies. But it seems that most of them grow organically – the Silicon Valley in California, the Silicon Alley in New York and the Silicon Roundabout in London. The combination of low rents, proximity to the centre of a dynamic metropolis and interesting culture made the East London neighbourhood of Shoreditch, Clerkenwell and Aldgate a perfect magnet for some of the world’s most exciting companies. So should you think about relocating there too? Here are some things to consider. (more…)

Ballpools, swings and slides don’t make office design cool, they make it childish

by • Architecture, Comment, Workplace design

Ceci n'est pas un bureau“The brain is a wonderful organ; it starts working the moment you get up in the morning and does not stop until you get into the office.” I don’t believe this famous quote from the poet Robert Frost  is particularly true but it appears to be an assumption that certain people make when it comes to creating those lists of office design that they describe as fun, trendy, cool or quirky or some other inappropriate, tired adjective. Invariably these offices feature such decidedly uncool and untrendy things as slides, swings and treehouses. One of the latest examples of this kind of thing is to be found on the BBC website with a number of pictures submitted by the sorts of adults who are not ashamed to claim that their idea of fun at work is apparently a meeting in a ballpool or on a swing. Of course, they don’t really think that, except in a work context. I’d bet they can easily walk past the ballpool at Ikea without feeling the need to dive in as an alternative to picking out a sofa.

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HS2 will generate £40 billion in economic benefits and a surge of investment in office space, claims new report

by • News, Property, Public Sector

HS2According to a report published today in The Daily Telegraph, the UK’s new HS2 high speed rail network will encourage housebuilding and commercial property development as part of a £40 billion boost to the UK economy. The report, produced by consultants EY, also suggests that  new developments around the main stations along the route, including Birmingham, Manchester and West London would generate some £1 billion  a year before the route’s completion in 2035, including some 850,000 sq ft of new office space. The newspaper claims the full report will be released by the Government this week as part of its campaign to win support for the controversial scheme and that its content will be a major talking point at this week’s MIPIM which takes place for the first time in London. It was revealed recently that the Government now expects the scheme to cost £73 billion, a figure which critics, including Mayor of London Boris Johnson claim could be spent more wisely.

Is workplace management now a core capability for knowledge businesses?

by • Events, Facilities management, News, Workplace design

workplace managementThat’s the key question for delegates coming to this year’s Workplace Week Convention at PWC’s More London office on the 6th November. Entitled ‘The Work/place revolution….taking human performance to new levels’ the convention aims to explore what organisations need to do to get ‘personal best’ performance from every worker on the payroll.For years, the management of Facilities has been viewed by many leaders as ‘non core’, but recent research by AWA (Advanced Workplace Associates),the organisers of Workplace Week, suggests that this may no longer be true for knowledge based businesses. ‘It’s becoming clear that the way the workplace is designed and managed can have a really dramatic impact on the performance of knowledge workers in ways that have not previously considered. Knowledge workers think for a living it’s critical that everything is created to give them the best chance of delivering a great performance.

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Winner and shortlist announced for UK Prime Minister’s Better Public Building Award

by • Environment, News, Property, Public Sector

public building awards

Wiltshire County Council Offices

The (rather long) shortlist of nominees for the Prime Minister’s Better Public Building Award 2014 has been announced by the UK Cabinet Office. Hosted as part of The British Construction Industry Awards which aim to ‘recognise all-round excellence in construction, including the overall design, and delivery of buildings and civil engineering projects’ the award’s original nominees were assessed on a range of standards including economic and social value. As well as the rather impressive new headquarters for Wiltshire County Council (above), the Government claims the shortlist includes a college building that is engineered to be one of the quietest buildings in the country as well as a building that will almost entirely be powered by fish oil. Previous winners include Tate Modern and the Velodrome at the Queen Elizabeth Olympic Park. The Government, ever keen to be down with the kids, has produced a Buzzfeed feature on the nominated projects.

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Details released of 510,000 sq ft office development at Moorgate Crossrail station

by • Cities, Company news, News, Property

Moorgate Crossrail station developmentProperty developer Land Securities has released details of its 510,000 sq. ft. commercial property scheme on the site of the new Moorgate Crossrail station in the City of London. The mixed use scheme consists of two buildings providing 410,000 sq. ft and 100,000 sq. ft. of office space, a landscaped courtyard and a high level walkway linking the station site with the Barbican. Retail space will also be incorporated alongside the walkway.  The scheme is part of a programme of development by Land Securities linked to the new line, which will provide a total of 1.1m sq ft around various Crossrail stations. The firms is expected to submit a planning application for the site later this year with work on the site expected to start in 2018 in parallel with the construction of the Crossrail station on site. As well as improving Greater London’s transport links, the £15 bn Crossrail project is seen as an important catalyst for property development in the capital.

BCO announces winners of national awards for Britain’s best workplaces

by • Facilities management, News, Property, Workplace design

Britain's best workplaces - One RiversideThe BCO has announced the winners of its prestigious annual National Awards to honour what it considers Britain’s best workplaces. The overall winner was Number One Riverside in Rochdale (above). The office, home to Rochdale Metropolitan Borough Council, was also recognised as the Best Corporate Workplace in the UK, and topped a list of six other award winners recognised for excellence in office space.  Number One Riverside was singled out by the judges for its consolidation of the Council’s estate from 33 buildings into one. The project is also the centrepiece for the first phase of a major regeneration in the borough of Rochdale, ‘providing a new civic office that promotes new ways of working and creates a sense of community, engagement and social transparency.’ The building was commended by the judges for its incorporation of a range of public space alongside the workplace, including a library and cafe and customer service facilities.

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New property programme supports co-working between tech businesses

by • Facilities management, News, Property, Technology

co-workingOver the next decade, London’s digital tech sector is expected to grow at a rate of 5.1 per cent per annum, creating an additional £12 billion of economic activity and 46,000 new jobs, which in turn is driving change in the commercial property market. Now the rapid rise of the UK property tech market is to get a boost with the announcement of a programme which provides tech companies with access to investment, mentoring and co-working business space. In a strategic partnership with Cushman & Wakefield and Spire Ventures; Pi Labs, Europe’s first property-focused technology accelerator company, will invite start-ups to apply to join the Pi Labs accelerator programme. This will be located within ‘Second Home’, a new iconic 20,000 sq. ft. co-working space in Shoreditch, designed to set new global standards in the provision of stimulating private and social workplace environments supporting collaboration and co-working amongst creative and technology businesses.
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Two thirds of the world’s workers would move to another country to find a better job

by • Knowledge, News, Workplace

Publication1Almost two thirds of job seekers worldwide say they would be willing to move abroad for work, a ‘startlingly high proportion’ that says a lot about the evolving marketplace for talent, according to a new study by The Boston Consulting Group (BCG) and The Network, a global alliance of more than 50 recruitment websites. The report claims that the proportion of people willing to seek a better job abroad is particularly (and unsurprisingly) high in developing and politically unstable countries. But there is also a very high willingness to work abroad for workers in countries that don’t face such challenges. For example, more than 75 percent of survey respondents in Switzerland, more than 80 percent of respondents in Australia, and more than 90 percent of respondents in the Netherlands say they would consider moving to another country for work, according to the report, Decoding Global Talent: 200,000 Survey Responses on Global Mobility and Employment Preferences, and their preferred destinations are London, New York and Paris.

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