November 7, 2019

BCO issues final call for 2020 Awards

by Freddie Steele • Architecture, Company news, Facilities management, Property, Workplace design

Some things in life come around quickly, the changing of the clocks, birthdays, Christmas music in supermarkets – and the British Council for Offices (BCO) Awards deadline. Just four weeks remain for wannabe winners to submit their applications, with the call for entry closing at 5pm on Friday 29th November 2019. The BCO claims that its National Awards sets the standard for excellence across the office sector in the UK, attracting over 1,300 property professionals on the evening, as they hope to take home the National Award for their category. Entrants will be judged by a regional panel of judges in the Spring, with each local winner going on to compete for the National title in October. (more…)

November 7, 2019

Real estate set to remain an attractive investment despite challenging environment

by Neil Franklin • Cities, News, Property

Europe’s property leaders continue to have faith in real estate as an attractive option for investments, despite a number of significant political and economic challenges, according to the latest Emerging Trends in Real Estate Europe 2020 report. With interest rates set to stay lower for longer and bond yields in many European countries in negative territory, real estate income retains its broad appeal to investors, especially in comparison to other asset classes. Equity and debt are expected to remain plentiful for most real estate sectors. The report, published annually by the Urban Land Institute (ULI) and PwC, is based on the opinions of over 900 real estate professionals across Europe, including investors, developers, lenders, and advisers. (more…)

November 4, 2019

Brexit continues to dampen UK commercial property market

by Neil Franklin • News, Property

The Brexit impasse is contributing to perceptions that the UK Commercial Property Market is in the downturn phase of the property cycle, according to the Q3 2019 RICS UK Commercial Property Market Survey. The latest results suggest that the highest proportion of respondents sensing the overall market is in the downturn phase of the property cycle since the series began in 2015 (+62 percent up from +53 percent in Q2), with anecdotal evidence suggesting that Brexit is having an increasingly detrimental impact on market activity. (more…)

October 30, 2019

UK and Irish law firms lead the way in adoption of agile working

by Neil Franklin • News, Workplace design

UK based law firms lead the way in the adoption of agile working, according to a new report from CBRE which looks at the workplace strategies of major legal practices across EMEA regions. CBRE’s Law in EMEA report offers what it claims is the first ever benchmark analysis of the legal sector internationally. Although the report suggests that agile design principles are shown to be strongly associated with lower rents per person in local markets, there is limited take up of this approach amongst legal firms outside the UK.

(more…)

October 27, 2019

Over 50s account for total five year increase in night working

by Neil Franklin • News, Wellbeing, Workplace

The number of people regularly working night shifts is at its highest level since the Office for National Statistics began collecting records in their current form, according to a new analysis from the TUC. The analysis of official data shows that 3.25 million people (more than 1 in 9 workers) work in Britain’s night-time economy – 100,000 more than five years ago. While the number of over 50s doing night work has accelerated in recent years, fewer young workers are doing night shifts. (more…)

October 25, 2019

How office design trends in different countries feed off each other

by Steve Elliott • Comment, Workplace design

The term Global Village has passed into general use to describe many of the phenomena we associate with the modern globalised world. But it actually dates back to 1962 when coined by Marshall McLuhan to describe an emerging, electronically contracted world in which cultures converge alongside political, business and legislative frameworks. These forces have been instrumental in bringing nations and organisations closer together and yet each nation continues to be shaped by little differences and residual cultures and conditions. (more…)

October 15, 2019

Four in ten people close to breaking point at work, study claims

by Neil Franklin • News, Wellbeing

A new study by CABA, a charity supporting the wellbeing of chartered accountants and their families, claims that 4 in 10 adults in the UK are close to breaking point at work. Research polling 2,000 professionals working across multiple sectors in the UK suggests that the average working adult feels stressed for almost a third of their entire working day. The study also claims that in an average week, employees spend 31 minutes complaining about their boss and 2 hours 45 minutes moaning about their job. Employees lose 5 hours of sleep each week because of the pressures they face at work, while 3 in 5 respondents said that they feel stressed whilst on holiday due to the thought of being behind on work and organising a handover. (more…)

October 14, 2019

Full fibre broadband could boost UK economy by billions

by Neil Franklin • Flexible working, News, Technology

The deployment of full-fibre broadband could boost the UK economy by around £59 billion, according to a new report from the Centre for Economics and Business Research (CEBR), commissioned by Openreach. The Full fibre broadband: A platform for growth report claims that connecting the UK to fibre-to-the-Premises (FTTP) broadband could increase productivity, reduce commuting, enable smarter ways of working and improve public services. (more…)

October 8, 2019

WeWork, false narratives and the superstate of office design

by Mark Eltringham • Features

So, WeWork then. As the dust settles on whatever has happened, some lessons may be emerging. Many of them are presented in this comment in The Economist and this piece in The Intelligencer in which Scott Galloway of NYU Business School claims that the problems have been evident for a long time. He doesn’t hold back. (more…)

October 2, 2019

Best workplaces in UK honoured at BCO Awards

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

London’s 2 Television Centre was celebrated as ‘Best of the Best’ at the British Council for Offices’ (BCO) National Awards in the capital last night, also taking home the ‘Commercial Workplace’ award. The office was joined by six other award winners recognised as leading examples of excellence in office space. (more…)

October 1, 2019

UK organisations falling behind on AI

by Neil Franklin • AI, News, Technology

UK organisations risk falling behind global competitors unless they act now to accelerate their use of AI technology, according to a new report unveiled today by Microsoft UK. The report claims that organisations currently using AI are now outperforming those that are not by 11.5 percent – a boost that, in the face of unprecedented economic and political uncertainty, UK businesses can ill-afford to pass up, the authors suggest. (more…)

October 1, 2019

Tech skills now more important than maths and science say business leaders

by Neil Franklin • News, Technology, Workplace

More than two-thirds (68 percent) of British businesses think that acquiring tech skills such as coding trumps the importance of more classic subjects such as maths and science. The research, from tech job board CWJobs, also claims that 71 percent of businesses urge candidates to learn tech specialisms in order to futureproof their careers. Active jobseekers should take note of skills that can push them to the top of the hiring list, with eight out of 10 (80 percent) business leaders revealing candidates having a tech specialism is an important factor in their future hiring decisions across any job sector. (more…)