Search Results for: london

July 27, 2015

Coworking juggernaut WeWork announces plans to dominate London

by Mark Eltringham • Flexible working, News, Property, Workplace design

Earlier this month, US based coworking juggernaut WeWork announced that it had opened the UK’s largest space of its kind in Moorgate in East London. Now, according to a report in the journal CoStar, the firm is looking to become a major tenant in the commercial property market in London in the same way that it has come to dominate Manhattan. According to the report, WeWork is looking to acquire over 1 million sq. ft. of space in the capital over the next 18 months as it seeks to provide coworking space for its growing customer base of young creative and technology businesses and other start ups. If it succeeds in finding the space it wants, the firm will have quadrupled the commercial property it occupies in London to 1.5 million sq. ft. WeWork is already Manhattan’s largest tenant and is now valued at $10 billion, having started in 2010.

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July 23, 2015

Business start-ups in London grew by nearly a quarter in a year

by Sara Bean • News, Property, Technology

The number of new business start-ups in London has increased by nearly a quarter over the past year, an analysis of Companies House data by Instant Offices’ has revealed. This is driven predominantly by growth in technology firms, but also by retail and creative services’ companies. Key growth sectors include technology services which went up 200 percent year on year, wireless and telecommunications were up by 79 percent and computer facilities companies by 51 percent. Tim Rodber, CEO of Instant Offices, said: “The diversity of the firms behind this increase in demand is interesting – but of particular note is the role technology and creative services industries are playing in driving growth in the Capital and producing space requirements outside traditional business locations. Areas such as Southwark and the City Fringe are benefiting from high demand as start-ups weigh up the need to not only reduce costs, but attract the best staff to great work spaces.”

July 9, 2015

London transport shuts down ….. agile workers unaffected …..

by Paul Carder • Cities, Comment, Flexible working, Wellbeing

London’s Financial Times reported this morning, “The worst London Underground strike in more than a decade saw millions of Londoners struggle to get to work”. It is chaos, here in the UK capital – the top global city in PwC’s Cities of Opportunity ranking. It is a sorry state of affairs, as in a scene reminiscent of 1970s union-crippled Britain, the “workers” representatives couldn’t agree with “the management”. “Workers” and “management”…we thought we had overcome that particular divide in business and society, didn’t we? But, some people have a vested interest in keeping it very much alive. In the large, industrialized, unionized industries such as transport, it lives on. Only last year, UNITE union leader Len McCluskey addressed his supporters in Liverpool as “sisters and brothers” like some mid-20th century socialist (which, of course, he is).

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July 7, 2015

Demand for East London offices rise as occupiers seek cost effective space

by Sara Bean • Facilities management, News, Property

The amount of leased office space in London over the first half of this year is 13 percent ahead of the same time last year, according to new research published by commercial property consultancy Cushman & Wakefield (C&W). Leasing activity totalled just over 6.26 million sq ft from January to June 2015, compared to the same point in 2014 when 5.6 million sq ft was transacted and is the highest Central London first half total since 1998, when 6.7 million sq ft was let. According to C&W, the figures presented in the report suggest that there was a significant upturn in activity in East London, with 1.2 million sq ft let, only marginally behind the City market (1.24 million sq ft) and significantly ahead of West End volumes (915,000 sq ft). East London offices take-up was at its highest level since Q4 2010 as a result of three transactions over 100,000 sq ft.

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June 16, 2015

London cements its status as Europe’s most important tech hub

by Mark Eltringham • News, Property, Technology

A new report launched to coincide with London Technology Week claims that London has cemented its position as the most important tech hub in Europe and will boost the UK economy by £18bn in 2015. According to the event’s organisers, London’s technology sector is growing faster than both the overall economies of London and the whole UK and will continue to do so for the next decade. The figures show that the number of companies in London’s digital technology sector has grown by 46 percent since the launch of the Tech City programme. The sector now employs almost 200,000 people, 17 percent more than in 2010. Other research from EY claims to show London’s dominance of the European tech sector. According to EY more than 1,000 international tech investment projects located in London between 2005–2014, significantly more than the next most attractive city, Paris (381).

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June 15, 2015

‘Tree office’ coworking space opens in an East London Square

by Sara Bean • Environment, Facilities management, Flexible working, News, Workplace design

A new kind of workplace has been opened in London…an office built around a tree. The pop-up office designed as a coworking space is based in Hoxton Square in the first initiative from the Park Hack project, led by Groundwork London and Hackney Council, set up to test new innovative models that sustain and enhance public open spaces. It is designed to operate as a working office and will be available to hire over the next seven months for businesses, creative workers and community groups. It is equipped with a power supply and WiFi and has the capability to also host small meetings or intimate events. Those who hire the space will be directly supporting the local environment, with income generated being reinvested into Hackney’s parks and green spaces. TREExOFFICE is also featured in the London Festival of Architecture that is taking place this month.

June 15, 2015

The London Festival of Architecture explores the workplace of the future

by Mark Eltringham • Architecture, Events, News, Workplace design

The ongoing London Festival of Architecture (LFA) which is running for the entire month of June, continues what the organisers say are the ‘big workplace conversations’ with a week of focussed discussions, debates and contributions from a number of prominent designers, architects and industry commentators on the theme of the workplace of the future. Running in tandem with London Technology Week (15-21 June), week three of the festival will focus on what the organisers claim are several ‘game-changing’ workplaces as well as the smart technologies and architecture already being created by industry leaders shaping where we work, how we work and what the next generation office and employee will need. Exclusive access will also be given into the practices realising the new models of the workplace through the RIBA Open Studios programme.

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June 10, 2015

Flexible hiring out of step with flexible working, especially in London

by Sara Bean • Flexible working, News, Workplace

Only a handful (6.2%) of new jobs offer both decent salaries and the opportunity to work flexibly, according to new research from Timewise. Despite technological advances and significant changes in how and where people work, employers consistently underestimate how precious a benefit is flexibility, and rarely mention it in job ads. The flexible talent pool is massive; with more than 5.4 million people already in flexible roles, yet the number of jobs advertised with flexibility are so scarce that 77 percent of flexible workers feel ‘trapped’ in their current role, leaving those who want flexibility to fit with modern life, locked out of chances to progress. Flexible opportunities are better outside of the Capital, as candidates looking for flexible jobs have comparatively greater opportunities in Scotland, Northern Ireland and in the north of England.

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June 3, 2015

Plans unveiled for England’s tallest office tower outside London

by Mark Eltringham • Cities, News, Property

Plans for what is billed as the tallest office building outside of London have been submitted to Birmingham City Council for approval. The proposed 26 storey tower at 103 Colmore Row is planned to stand 346ft (105m) and house some 2,000 office workers. Birmingham is bound to find the scheme attractive as it vies with Manchester for the crown of England’s second city. Up to now, tall buildings have not enjoyed the same appeal in regional cities as much as they have in London. The new building is planned to replace the former NatWest tower which has lain empty on the development site since 2003 and is set to be demolished once plans are finalised for its replacement. If given a green light, the new scheme will incorporate a rooftop restaurant, green roof, terraces, street level shops and cafes and a winter garden.

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June 1, 2015

London’s buoyant startup scene driven by tech sector success

by Sara Bean • Facilities management, Flexible working, News, Technology

The UK has seen an all-time high of new startups in 2014, with London contributing the majority of new businesses to the mix. According to a new analysis by Instant Offices, London’s startup scene is set to reach record highs in 2015 as it spearheads the UK’s growing entrepreneurial community. The tech industry in particular has skyrocketed, rising 40 percent year-on-year and resulting in a seven year high. Research from the national enterprise campaign Startup Britain shows 581,173 businesses registered with Companies House last year, beating the previous record of 526,446 businesses recorded in 2013, and 484,224 in 2012, indicating a rapid upward trend of the UK’s startup market. Last year alone, London produced 184,671 startups, centering around finance, media, fashion and technology. Investment into England’s capital has also seen rapid growth, with London now the leading venture capital city in Europe.

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May 29, 2015

London firms focus on wellbeing and agile working to attract staff

by Mark Eltringham • Flexible working, News, Property, Wellbeing, Workplace design

An additional 5.1m sq. ft. of office space will be required by 2019 to accommodate the growth of professional services firms in London, claims new research from CBRE. According to the studio, firms will also adopt more pragmatic workplace strategies that focus on agile working and wellbeing to meet their objectives. Nearly all (92 percent) of the respondents to CBRE’s Professional London survey claim they use the workplace to enhance employee satisfaction and 83 percent of firms use it to control costs. Firms are also placing more emphasis on wellbeing and more agile and intensive ways of using space, according to CBRE. Other factors such as technology and the design of the workplace are also increasingly important. The research suggests that staff are increasingly attracted by on-site amenities, connectivity and location and other ‘lifestyle offerings’.

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May 21, 2015

TMT and finance sectors drive demand for London office construction

by Sara Bean • Facilities management, News, Property

The total level of office construction in central London has increased over the past six months, fuelled by the greatest volume of new space to start since 2011, the latest Deloitte London Office Crane Survey has revealed. With a rise of 24 per cent over the past six months, a new wave of office construction in central London is under way across almost all submarkets. This comes at a time when the level of available office space is at its lowest for seven years, with current market conditions still suggesting a short-term supply shortage. However, the ramping up of new developments over the last six months has come too late to significantly alter the delivery of new space in 2015. TMT and the financial sector are driving up demand for more office space.