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Rail fares and grind make London based staff yearn for flexible working, claims survey

London commutersPerhaps one of the least talked about factors driving the uptake of flexible working in the UK is the cost of getting into work. But a new survey commissioned by Citrix of 500 commuters in the capital claims that more than a fifth (22 percent) of London based employees are considering a job outside the city following the latest above-inflation increase in fares although the majority of the want-aways (79 percent) would stay in their current job if they could work from home at least once a week. Just under half (45 percent) would like their employer to offer flexible working, 58 percent feel they would be more productive if they didn’t have to commute, and 62 percent felt that flexible working would improve their quality of life. Ed: For those of us who already work outside London but get the occasional glimpse of the horror of commuting, those numbers are bafflingly low. 

In pictures: plans revealed for East London iCity development

Offices at iCity

Offices at iCity

While Parliament debates the reality or otherwise of the 2012 Olympic legacy, the firms behind iCity on the Queen Elizabeth Olympic Park in East London (above) have submitted detailed planning proposals and launched a new website to promote the development which they claim will become ‘a world-leading centre of innovation, education and enterprise’. The joint venture between property consultancy Delancey and datacentre operator Infinity SDC claims it will offer almost unlimited bandwidth connectivity and provide up to 400,000 sq. ft. of office space, including for digital start-ups, as well as a 250,000 sq. ft. datacentre, studio and production space and a convention centre. The plans have been drawn up Hawkins\Brown architects.

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Boom in London commercial property development, but demand still outstrips supply

London cranesOffice construction in the City of London is higher than it has been for five years, according to a report from Deloitte Real Estate. The London Office Crane Survey found that there are over 5 million sq.ft. of office developments at 23 schemes in the Square Mile including major landmark and well known buildings such as the Walkie Talkie and the Cheesegrater. Elsewhere in London, development is at a 4 year high in the central area which covers the West End, King’s Cross, Midtown, South Bank, Docklands and Paddington, with 71 schemes set to create some 9.7 million sq. ft. of new commercial property.  The report claims that in 2014 alone, some 6.6 million sq ft of office developments will be complete in central London. More →

Chinese banks set to take up to 2m sq. ft of commercial property in London

Bank of China HQ, London

Bank of China HQ, London

According to a new report from commercial property consultancy Savills, the global expansion of Chinese financial institutions may see them take up as much as 2 million sq. ft. in the City of London over the next decade. The report claims that Chinese firms see London as one of the key centres for global finance and will take up the opportunities offered by setting London as a base as part of a $1 trillion investment in the West over the next seven years. With four in ten of the World’s largest banks now Chinese, and the sector expanding rapidly since the 2008 downturn, the investment will not only change the structure of the City but also consolidate its position as a global financial centre.

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Workplace Week announces details of visits to London Government buildings

DfE London HQ

DfE London HQ

For the first time, Workplace Week includes visits to two Government offices, the Department for Education at Sanctuary Buildings in Great Smith Street (pictured) and the Department for International Development on Whitehall. The DfE is just a stone’s throw from the Houses of Parliament and boasts outstanding views of several major landmarks. The building is home to some 2,000 staff who work in a flexible environment with 7 desks for 10 people. The Department for International Development moved to its new London HQ, the oldest purpose-built office in London, at the beginning of the year. The DfID has created a modern, flexible environment which encourages collaborative working, whilst being sympathetic to the historic nature of the building.

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Record breaking quarter for Central London commercial property markets

West EndAccording to a new report from property consultancy Colliers International, the West End of London has enjoyed a record £2.8bn of investment in the third quarter of 2013. Office occupancy increased by over 1m sq ft. in a market driven by activity in the tech and media sectors which accounted for 40 percent of the market. Also prominent are several major deals including the purchase of Paddington Central by British Land. Occupation of grade A office space reached more than 1.1m sq ft across central London. The figures mark the highest level of activity since the start of the downturn and 2013 activity is now only 1 percent lower than that for the whole of 2012.

Two major new London fit-out contracts for ISG

Colegreave HouseMultinational fit-out and construction firm ISG has won a contract for the fit-out of clothing retailer Arcadia’s UK headquarters near Oxford Street in London and is believed to have won a £50 million contract to fit out the ‘Baby Shard’ at London Bridge for Rupert Murdoch’s News UK. The £32 million Arcadia project for the reinvention of Colegreave House, designed by Sheppard Robson, involves the fit-out of four storeys and 155,000 sq. ft. of the existing building. Staff at the firm responsible for High Street brands such as Dorothy Perkins, Top Shop and Burton will remain in situ for the duration of the phased project which includes the installation of glazed roofs over the atria at the heart of the building to provide new community areas for staff.

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Planning permission granted for development at East London Crossrail site

Poplar Business ParkPlanning permission has been granted for a mixed use scheme including 58,000 sq. ft. of office space at the Poplar Business Park next to the new Crossrail station just North of Canary Wharf in East London. Crossrail is the South East’s most important infrastructure project linking commuters in the Home Counties and Essex with central London and will complete in 2018. Jamie Hopkins, the CEO of developers Workspace claimed, “It is a significant redevelopment in an area that will be experiencing a lot of change over the coming years with the arrival of Crossrail at Canary Wharf.  Poplar Business Park will be a thriving residential and business location in the heart of one of London’s future hotspots.”

Plans for a new high rise office development in City of London unveiled

Plans for a new high rise office development in City of London unveiled

DBOX for Henderson Global Investors and MAKE

Plans for a new high rise office development in the City of London have been unveiled by Henderson Global Investors. Designed by Make architectural practice, the high buildings at 40 Leadenhall Street, EC3 will vary in height between 7 and 34 office storeys, with two additional basement levels, a roof level plant, and café and restaurant uses at ground floor level.  The total size of the building is 910,000 sq ft, split between 890,000 sq ft office and c. 20,000 sq ft retail. A grade II listed building at 19-21 Billiter Street, built in 1865, will be restored and integrated in the proposed scheme, which it is estimated will create 390 construction jobs, with around 7,000 people expected to work in the completed building. More →

New City of London skyscraper melts parked car

Walkie TalkieIn Philip Kerr’s 1995 novel Gridiron, a smart building which is programmed to function as its own facilities manager goes rogue and starts bumping off its occupants in a number of interesting and spectacularly violent ways. This might sound like the perfect wish fulfilment fantasy of your average FM, but looks prescient with the news that one of the new tranche of landmark buildings in London has become its own death ray. The Walkie Talkie in Fenchurch Street has been blamed for reflecting and magnifying light from the sun, (literally) glaring at the neighbours and melting parts of a car parked in a nearby street.

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London’s living wall designed to reduce flood risk and improve air quality

London's living wall designed to reduce flood risk and improve breathing

The UK’s largest living wall, designed to reduce urban flooding, has been unveiled in London’s Victoria district. Standing at 350 square metres with over 10,000 ferns, herbaceous plants and 16 tons of soil, the wall, at the Rubens at the Palace Hotel near Buckingham Palace reaches over 21 metres high. The wall’s unique design enables it to capture rainwater from the roof of the building in dedicated storage tanks. Flooding is a key environmental challenge in Victoria during periods of heavy rain, due to the low absorbency of urban surfaces. According to the Environment Agency, there are now around 534,000 properties in London on the Thames floodplain, and one in four in London are at risk of flooding. More →

Fewer London firms plan to expand within the capital reports CBI

Fewer London firms plan to expand within the capital reports CBI

As we’ve reported previously London is enjoying a booming office rental market, but according to the latest CBI/KPMG London Business Survey, high operating costs are making the capital less of an attractive prospect. While more of London’s businesses plan to expand during the next year, fewer are planning to do so in the capital, with high operating costs and housing shortages cited as the biggest concerns. London’s firms also plan to spend relatively more on recruitment and training; product and process innovation; and IT plant and machinery, but less on land and buildings. More →