Search Results for: management

New joint venture formed to capitalise on booming London Office market

 New joint venture formed to capitalise on thriving London Office market

A 50:50 joint venture partnership to capitalise on the thriving London office market has been formed by Hermes Real Estate Investment Management Ltd and Canada Pension Plan Investment Board. CPPIB is investing £173.9 million to acquire a 50 per cent interest from Hermes’ BT Pension Scheme’s (BTPS) existing portfolio, which comprises 550,000 sq ft of high quality offices, retail and ancillary accommodation, primarily located in London’s West End. Graeme Eadie, Senior Vice-President and Head of Real Estate Investments for CPPIB, said: “We are pleased to be partnering with BTPS and Hermes on this unique opportunity to invest in a high quality, well-diversified portfolio of office properties in prime Central London locations.”

More →

The challenge in Silicon Alley is providing the right quantity and quality of office space

M4 Silicon AlleyNews emerges from BNP Paribas that the most dynamic occupiers in Western European property markets belong to the technology, media and telecoms (TMT) sector and that the most important market in the region is London. This comes as no surprise given the plans of Google to move to its new home in King’s Cross and the focus on developments in Tech City. But the same hothousing of TMT businesses is also evident in the area Prime Minister David Cameron has referred to as Silicon Alley, a cluster of businesses running alongside the M4 originally clustered between Reading and Swindon but now extending as far as Bristol. Companies that have found a home in the area include the likes of Cisco, Microsoft, Oracle, Ericsson, Vodafone, O2, Citrix, Dell, Huawei, Lexmark, LG, Novell, Nvidia, Panasonic, SAP and Symantec not to mention the countless other smaller businesses, consultants and freelancers that share this hothouse.

More →

Latest edition of Insight newsletter available to view online

Office Insight announces partnership with WorkTech 13

In the latest issue of the Insight newsletter we are pleased to announce a partnership with Worktech 13, which will be held at the British Museum in London on the 19th and 20th November. Over the next few months look out for content from some of the world’s foremost thinkers on office design and management including Frank Duffy, Philip Ross, Dave Coplin and Greg Lindsay. Also this week, according to two new property reports the London office market continues to thrive; why flexible workers may be limiting their career prospects and how desk size can influence behaviour. Regular contributor Simon Heath warns that the BIFM partnership with DWP may prove an ill-advised and short-lived union and Mark Eltringham hails the Design Museum’s move to the long empty Commonwealth Institute building in Kensington. To view this week’s newsletter click here.

BIFM partnership with DWP may prove an ill-advised and short-lived union

Las Vegas WeddingRather like someone who collects friends on Facebook and followers on Twitter with the obsessiveness of the avid lepidopterist completist, news reaches us from the British Institute of Facilities Management concerning yet another partnership. Not content with the recently announced merger with Asset Skills, the Facilities Management Association and the Cleaning and Support Services Association, this time it’s the Department for Work & Pensions (DWP) that is the object of BIFM’s affections. Not that BIFM are considering moving in to Caxton House and a run for Parliament in 2015 (at least not that we are aware of). But while BIFM are, understandably, trumpeting the signing of this joint agreement, the DWP are not. In fact, if one searches on www.gov.uk using the search terms “BIFM” or “British Institute of Facilities Management” no results are returned.

More →

Landmark Lloyd’s building sold to Chinese insurance firm in commercial property deal

Landmark Lloyd's building sold to Chinese insurance firm

The iconic Richard Roger’s-designed Lloyd’s Building at One Lime Street, London EC3, has been sold to Ping An, a Chinese insurance company for £260 million, it’s been confirmed. The Lloyd’s Building will continue to house the world’s leading insurance market as it is let in its entirety to the Society of Lloyd’s on a lease expiring in 2031. Jon Crossfield, director within Savills’ Central London team, says “This is a potentially landmark transaction, given it is the first by a Chinese Insurance company overseas.  It is a high profile and confident entry to the market for them and further illustrates the dominance of overseas investors in London at present.” The commercial property deal, which represents the first purchase by a Chinese insurance company in the UK was managed by Commerz Real and advised by Savills and CBRE.

More →

Many facilities managers not engaging with industry bodies and social media

 Industry bodies and social media are not engaging practising FMs

What were your thoughts on the recent announcement of the British Institute of Facilities Management (BIFM), Asset Skills, the Facilities Management Association and the Cleaning and Support Services Association agreeing to the concept of forming one single and united body to represent facilities management and support services? I suppose the devil is in the detail and clarification of “agreeing to the concept” is required. Is this going to be a quick process, something that drags on for a lengthy period and what consultation will there be? And that is the crux for me – consultation is where this could all break down. But let’s take a step back and ask how many people work in the sector and how many facilities managers do the organisations involved represent?

More →

Office Insight announces partnership with Worktech 13

British MuseumThe publishers of Office Insight are pleased to announce a partnership with Worktech 13, which will be held at the British Museum in London on the 19th and 20th November.  This will be the tenth annual Worktech conference staged by organisers Unwired. The conference looks at the implications of the convergence between the worlds of technology, corporate real estate, work and the workplace making it an ideal partner for Office Insight which is the UK’s most widely read specialist publication on those topics. Over the next few months Worktech and Office Insight will be publishing content from some of the world’s foremost thinkers on office design and management including Frank Duffy, Philip Ross, Dave Coplin and Greg Lindsay. Office Insight readers will also be able to take advantage of a 20 percent discount on delegate tickets. More →

Ergonomics of dishonesty. How desk size influences behaviour

The influence the design and layout of the workplace can have on productivity is widely acknowledged. Now, according to a new scientific study expansive physical settings like having a big desk to stretch out at work can cause individuals to feel more powerful, and in turn these feelings of power can elicit more dishonest behaviour such as stealing, cheating, and traffic violations. This might sound far-fetched but The Ergonomics of Dishonesty was written by a group of researchers at leading business schools, including Harvard, Columbia and Berkeley and is soon to be published in a forthcoming issue of the journal Psychological Science. Co-author Andy Yap, explained: “Our research shows that office managers should pay attention to the ergonomics of their workspaces. The results suggest that these physical spaces have tangible and real-world impact on our behaviours.” More →

Latest edition of Insight newsletter now available to view online

The latest issue of the Insight newsletter is available to view online. This week, what Jeremy Clarkson can’t teach us about workplace productivity; the string of surveys, ideas and terminology that can lead commentators to make grand and daft pronouncements about flexible working and why the latest wellness figures show a disturbing lack of fitness amongst the UK workforce. Our regular contributor Simon Heath ponders the somewhat derivative and cautious designs amongst the RIBA awards winners, while our latest contributor Andrew Brown questions the futility of designing a state-of-the-art office in the first place if it’s the management that make the workplace stink. To view this week’s newsletter – which includes an update on the changing structure of the market for corporate offices in the U.S. – click here.

UK and U.S. workers more likely to experience workplace bullying

The Coalition government has criticised “over-regulated” UK employment law, which it argues makes it difficult for employers to manage employees without risk of being sued for unfair treatment. Yet despite the perception that UK employees are overly-protected by employment regulations, a new global study of white collar bullying has revealed that workers are in fact more likely to experience bullying at the hands of their bosses if they work in the UK or the U.S. The country a company is based in has a direct effect on how much workplace bullying is accepted and the UK and the U.S. were among the countries with a “high performance orientation” valuing accomplishments, a sense of urgency and explicit communication. These countries, say the authors, may tolerate bullying if it is seen as a means to achieve better results. More →

Five essential things to consider before you implement a BYOD policy

BYOD is far more than just allowing your staff to check their email on their personal mobile. It’s about the security of corporate information – we’re all demanding more flexible working to fit our lifestyles, but with flexibility comes personal responsibility. Are we rushing to join the BYOD party without realising some of the more serious considerations. A recent article on OfficeInsight considered a Gartner survey which suggested that BYOD would be prevalent by 2017. The article implied that companies should embrace this as an inevitable change. Before we get too excited, though, let’s explore some of the issues that BYOD should be raising for employers – including the technical demands that these policies make on IT departments and infrastructure, and the compliance IT departments will demand of staff.

More →

Online BIM discussion group created for the built environment

The BIM4FM group, representing institutes, trade associations and professional bodies within the built environment has created an online discussion group to stimulate the conversation around the engagement of facilities managers, owners and occupiers in Building Information Modelling (BIM) and Government Soft Landings (GSL). Geoff Prudence, Chairman of the BIM4FM group explained: “Since our launch many individuals have asked to join the BIFM4FM group. However, the group has been set up as a steering committee of institutes, trade bodies and professional associations, supported by the Cabinet Office Government Property Unit. That said, rather than excluding the enthusiasm of individuals, we thought we should encourage and harness their input from across our communities, as it’s often those who are operating at grassroots level who raise the most valuable insights.”   More →