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Office fit out and rent rises will hit occupiers worldwide this year

Office fit out and rent rises will hit occupiers worldwide this year

by • News, Property, Workplace design

commercial property and office fit outOccupiers around the world are facing a 10 percent increase in office fit out costs with rental rises also squeezing budgets for those in EMEA, according to a new report from Savills. The firm’s Prime Office Costs (SPOC) analysis for Q3 2022 suggests that fit-out costs in key office markets around the world have continued to climb with inflation, rising an average of 10%, with increased rents in many markets also contributing to higher total net effective costs for office occupiers. Overall, the markets which have seen the largest increases in net effective costs (including fit-out costs, rents and other costs) over the quarter are largely clustered in the EMEA region, including Dublin (+7%), London City (+5%), Dubai (+3%), and Berlin (+3%). More →

Leading UK employers call for flexible working recruitment by default 

Leading UK employers call for flexible working recruitment by default 

by • Flexible working, News

flexible workingA joint letter from 21 leading employers – including several in the FTSE 100 – is calling on employers across the UK to advertise all vacant roles with flexible options by default. The full text is: More →

Gallery: British Council for Offices announces winners of national awards

Gallery: British Council for Offices announces winners of national awards

by • News, Property, Workplace design, Works Magazine

Sunderland City Hall was celebrated as ‘Best of the Best’ at the British Council for Offices’ (BCO) National Awards at the Grosvenor House hotel in London last night, also taking home the ‘Corporate Workplace’ award. The office was joined by six other award winners recognised as leading examples of excellence in office space across the UK. The BCO’s National Awards programme claims to recognises top quality office design and functionality and says it sets the standard for excellence across the office sector. More →

Condeco and iOffice + SpaceIQ announce merger

Condeco and iOffice + SpaceIQ announce merger

by • Company news

Investment firm Thoma Bravo has announced the merger of Condeco, a provider of workspace scheduling software with workplace and asset management firm iOffice + SpaceIQ to create a new business called Eptura. The firm claims that the “strategic combination creates a global worktech leader that provides software solutions to power the modern workplace”. The merger follows previously announced investments in Condeco and iOffice + SpaceIQ by Thoma Bravo and JMI Equity, who will remain the primary investors in Eptura. Terms of the transaction have not been disclosed. More →

Public transport makes commuting easier and boosts the labour market

Public transport makes commuting easier and boosts the labour market

by • Cities, Features, Flexible working

commuters and public transportFollowing losses of £1.5bn in annual fare revenues incurred during the pandemic, Transport for London recently signed a deal with the UK government for emergency funding. The agreement ensures that new train orders, bridge repairs and tube upgrades will continue as planned. It also will lead to public transport fares rising and bus services being cut. While the Elizabeth Line, a £19 billion east-west addition to the London Underground, opened to great fanfare in May 2022, this year has also seen some of the oldest bus routes in the UK axed: including route 144 between Worcester and Birmingham, route 477 between Dartford and Orpington, and route 84 between north London and Hertfordshire. At least 135 bus routes countrywide currently face cutbacks or permanent cancellation. More →

TOG and Fora complete merger to create new flexible workspace giant

TOG and Fora complete merger to create new flexible workspace giant

by • Company news, Property

flexible workspaceFollowing approval from the Competition and Markets Authority (CMA), TOG and Fora are proud to announce the completion of their merger, bringing together two highly complementary businesses with similar cultures and portfolios of high-quality, design-led workspaces. The merged business (the ‘Group’) will operate under a parent company called The Office Group with both the TOG and Fora brands retained until a full brand review is completed. The Group has plans to create the premier flexible workspace group in London and other key European cities and is well positioned to draw on the expertise and scale of both companies. More →

Demand for sustainable commercial property rises modestly, but supply side still falls short

Demand for sustainable commercial property rises modestly, but supply side still falls short

by • Environment, News, Property

sustainable commercial propertyProgress is being seen in some aspects of the built environment on the drive to be more sustainable, according to the latest annual sustainability report produced by RICS, however the rate of advancement needs to accelerate significantly and become more widespread. The 2022 RICS Sustainability Report, which collated sentiment from almost 4,000 chartered surveyor contributors, around 1200 of which are from the UK, across commercial and construction sectors globally, shows that some improvement in the push for sustainability has been made in the past year, notably in the commercial real estate sector as demand for sustainable commercial property continues to rise. More →

Surface Design Show announces its 2023 theme of ‘Shaping Communities’

Surface Design Show announces its 2023 theme of ‘Shaping Communities’

by • Company news

surface design showThe Surface Design Show has announced the theme of its 2023 edition as ‘Shaping Communities’; with an ambition to improve the surroundings for all, through collaboration and meaningful design solutions. The Show once again takes place at London’s Business Design Centre from 7-9 February 2023 allowing architects, designers and specifiers to discover the best in material design for the built environment. More →

Workspace Design Show sets out plans for 2023 event

Workspace Design Show sets out plans for 2023 event

by • Company news, Workplace design

Workspace Design ShowAfter a hugely successful debut edition, Workspace Design Show returns to London’s Business Design Centre on 27-28 February and will once again be the venue where creatives from the UK’s workplace industry gather to discover the latest design innovations in work space design. With the theme of this year’s show being ‘Destination Workplace’ there will be over 3,000 workplace professionals looking to source the latest furniture, lighting, acoustics, surfaces, storage, materials, tech and biophilic products and solutions to transform their office interiors.  More →

Data centre design is entering a new era

Data centre design is entering a new era

by • Environment, Features, Technology

data centre designA new exhibition has shone a light on the often overlooked building typology of the data centre. The show, entitled Power House running to 28 February and curated by design journalist Clare Dowdy looks at the architecture of data centres, showcasing proposals and existing designs by architecture practices around the globe, from vast complexes in remote locations, to retrofitted buildings in urban centres. More →

Government commits to a further £2billion cut in property estate

by • News, Property

More than £2 billion in savings will be realised from the sale of UK public sector real estate and other efficiencies, Minister Jacob Rees-Mogg has announced. The savings are part of the new Government Property Strategy, which has now been published.  As part of the plans, the government will sell £1.5 billion of property assets over the next three years as projects such as the Government Hubs programme sees government staff consolidated into fewer buildings. £500 million of savings will also be made by reducing operating costs, using modern building materials and energy sources, and cutting spend on leases. More →

Established businesses must do more to support local entrepreneurs and startups

Established businesses must do more to support local entrepreneurs and startups

by • Company news

With SME’s accounting for the employment of more than half of the UK’s workforce, supporting these businesses is of benefit to everyone while geopolitical events and the impact of the pandemic continue to cause economic uncertainty.  Entrepreneurs and small businesses are vital for spurring on evolutions in our technology and creating new markets for services and products, therefore bringing about competition which in turn boosts productivity that benefits our own and other economies, helping them withstand and recover faster from financial downturns. More →

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