Search Results for: london

March 21, 2013

$16m revamp of High Commission in London to showcase Canada’s identity

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

As part of the Canadian government’s consolidation of its diplomatic mission in the UK, it has put up for sale MacDonald House in Grosvenor Square in London and will look to develop its other main building Canada House in Trafalgar Square. MacDonald House was formerly the American Embassy until 1961 and the Canadian Government has been looking to consolidate its operations for a number of years. As well as moving its functions under one roof, the Government has earmarked $16 million for a revamp of Canada House which will also be designed to showcase Canadian values and know-how.

March 18, 2013

London’s Fit Cities event explores architecture and wellness

by Sara Bean • Architecture, News, Workplace

London is host this week to an event that brings together architects, planners, designers, developers, and public health professionals to explore how building design and policy decisions can make communities healthier, helping prevent diseases such as obesity, diabetes, heart disease and some cancers. The Greater London Authority is holding the event in the wake of the 2012 Olympic and Paralympic Games to explore how active design principles were applied to the events and their legacy and to hear how plans are developing around major events coming up in Sochi, Glasgow and Rio de Janeiro.

March 13, 2013

London’s West End office market shifting boundaries

by Sara Bean • Facilities management, News, Property

Shifting occupier dynamics, a limited supply pool, and a flurry of west to east relocations is redefining the boundaries of London’s West End office market. Sue Foxley, head of research, Cluttons, explained: “Corporate occupiers recognise the importance of securing high quality space within key markets in order to attract and retain the best possible staff, however, it is inevitable that the increasingly restricted supply pool is continuing to hamper relocation options. Businesses, regardless of sector, certainly are not looking for ‘budget’ rental options, but they are becoming increasingly aware that opportunities to secure quality space is scarce and not limited to prime areas.”

March 11, 2013

Hong Kong and London world’s most expensive cities for start ups

by Mark Eltringham • Knowledge, News, Property

A new report from property consultants Savills based on the total cost of setting up in business in the world’s major cities has today revealed that Hong Kong is the most expensive of the ten cities in which to locate, with London in second place and New York a close third. The total real estate cost of setting up business in all three cities is now almost three times that in the best priced world capitals, Shanghai and Mumbai. The report will be published in full on the 20^th March as The World Cities Review and includes measures of headline rent, tax and other charges.

March 11, 2013

Portland House is London’s latest major offices to homes conversion

by Mark Eltringham • Architecture, Products, Property, Technology

Land Securities is the latest developer to announce a major office to flats conversion in the wake of the Government’s change to the relevant parts of the planning system that make it easier to change the use of buildings. The firm has submitted plans to convert the 29 floors of Portland House in Victoria into 206 flats along with ground floor retail units. Land Securities is one of the first firms to take advantage of the new planning rules which have been the subject of much criticism by organisations such as the Royal Institute of British Architects (RIBA) as well as local authorities throughout London who have almost unanimously sought exemptions.

March 4, 2013

Liverpool and London regeneration projects get green light

by Mark Eltringham • News, Property

Liverpool Waters

Two huge regeneration projects, one in Liverpool and one in London, have been approved today. The Community Secretary Eric Pickles gave the uncontested go-ahead for the £5.5 billion Liverpool Waters scheme at the same time as London Mayor Boris Johnson green lit the £1.5 billion regeneration of the 23 acre Heygate Estate in Elephant and Castle, South London. Both will provide a much need fillip to the UK’s moribund construction sector, creating thousands of new jobs as well as thousands of new homes, offices, shops, restaurants and other buildings in rundown areas of the two cities.

February 25, 2013

Updated: nearly all London boroughs seek exemption from office conversion plan

by Sara Bean • Architecture, News, Property, Public Sector

City-of-London

Earlier, we reported that London’s Mayor Boris Johnson openly believes that London’s key business districts should be exempt from proposals to allow offices to be turned into homes without planning permission. Now a report emerges from CBRE that all but a handful of London’s boroughs are to seek to make themselves exempt from the rules. According to the research, only Barking and Dagenham, Greenwich, Croydon and Kingston are unlikely to seek an exemption. Four other boroughs are discussing plans with the Greater London Authority (GLA) and the remaining 25 are set to apply to make themselves exempt.

February 19, 2013

London’s West End confirmed as world’s most expensive office location

by Mark Eltringham • Knowledge, News, Property

A new report from Cushman and Wakefield has confirmed the results of an earlier study from DTZ that London’s West End is the world’s most expensive office location. According to the property services firm the West End has overtaken Hong Kong’s central business district for the first time since 2008 because of rent increases of 2 per cent fuelled by a shortage of appropriate space. According to the report occupiers now pay as much as £169 per square foot to occupy the best West End office space including rent, service charges and taxes. rents went up around the world by an average of 3 per cent, driven by rapidly growing markets, especially in South America.

February 8, 2013

Consolidation of state properties boosts London economy by £3.5bn

by Mark Eltringham • Property, Public Sector

According to a new report from property consultancy Knight Frank into the impact of the Government’s policy of consolidating and improving the management of the public sector estate in London, the economy has been boosted by as much as £3.5 billion. The study has reviewed the results of the work carried out by the Cabinet Office’s Efficiency and Reform Group at 16 properties in central London including the Department for Business, Innovation and Skills, the Department for International Development, the Land Registry and the Crown Prosecution Service. Many of these sites were seen as dated and have now been redeveloped for use by other organisations. More →

February 7, 2013

Final approval given to scheme for London’s ‘Scalpel’ tower

by Mark Eltringham • Architecture, News, Property

The Greater London Authority (GLA) has published its Stage 2 Report into the building nicknamed ‘The Scalpel’ – but more properly described as the 38-storey headquarters for US insurance business W. R. Berkley Corporation. The Report approves the scheme for the building in Lime Street which was granted planning consent 3 weeks ago and will incorporate over 500,000 sq ft of commercial space. The Tower, designed by Kohn Pedersen Fox will create 7,700 sq ft of new public space at street level, over 1,000 sq ft of retail space and a new 10,000 sq ft restaurant below-ground. The development is funded by W. R. Berkley, who will occupy around a quarter of the intended office space.

January 26, 2013

Tech and media firms drive demand for London offices

by Mark Eltringham • News, Property, Technology, Workplace design

The UK’s thriving technology and media sectors are driving demand for office space in London, creating hotspots of businesses and talent according to a new report published yesterday by property services provider Colliers International. However a shortage of supply means that not only are tech and media firms driving up rents and supplanting traditional businesses, many are adopting more ‘institutional-style’ office spaces then using design and refurbishment to put their own stamp on them.

January 25, 2013

London’s West End now most expensive office location in World

by Mark Eltringham • News, Property

London’s West End has overtaken Hong Kong’s Central district as the world’s costliest office location according to a new report from property consultancy DTZ. The annual occupancy cost per workstation in the West End was stable last year at $23,500 (£14,900) but moved from fifth to gain top spot as costs in Tokyo, Hong Kong, Dubai and Paris fell. Three weeks ago we reported that firms were migrating from the West End to London districts such as Clerkenwell and Shoreditch to take advantage of lower costs and pools of talent in new industries. More →