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Record global temperatures still a threat say Met Office

Global warming

Following media reports that “global warming has stalled” – despite the fact that Australia’s Bureau of Meteorology is predicting temperatures there could reach a record 52C – the Met Office has warned we will continue to see near-record levels of global warming over the next few years. The publication this week of an experimental decadal global temperature prediction showing global temperatures over the next five years are likely to be a little lower than those forecasted in December 2011 was widely reported as “reopening the climate change debate”. More →

All right? Manchester property outperforms other UK regions

The idea that the UK is essentially a closely bound federation of city states, each with their own culture and economy is given added credence by new research from CBRE into regional variations in the commercial property market. London does things  its own way, of course, but the top regional city is Manchester – the only one of eight centres that showed any evidence of rental growth during 2012, even though it was a modest increase from £29.50 per sq ft to £30 per sq ft. The full report can be viewed hereMore →

Contractors to be appointed for defence estates projects

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Some of the UK’s biggest contractors have been invited by the Ministry of Defence to bid for a range of construction projects across its estate as part of the new National Capital Works Framework. The companies will be chosen by the Defence Infrastructure Organisation (DIO) to deliver the design and build of construction projects up to a value of £50m. The framework forms part of the Next Generation Estate Contracts programme which was announced in December. More →

Govt looking to save £600m with shared services

The latest wheeze from the Government as it looks to ‘streamline’ the public sector’s back-office functions including purchasing is to create two Independent Shared Service Centres as part of the Next Generation Shared Service Plan. Pick through the usual gobbledegook and acronyms and what you will find are some significant developments  as The Cabinet Office seeks to save up to £600 million a year in administration costs. More →

London companies heading off to the East

Hello to all this

Hello to all this

…East London that is. According to property consultants Cushman & Wakefield we are seeing a net migration of companies away from their West End heartland towards the supposedly more creative and tech-focussed districts of Clerkenwell, Shoreditch and King’s Cross.  The firm reports that the take-up of West End office space fell by around a quarter to 2.5m sq ft in 2012.

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Commercial property deals on the rise in Yorkshire

Investors have almost doubled the value of commercial property transactions in Yorkshire, according to property consultants Lambert Smith Hampton.However, the level of deals is still slightly below the level at the same time last year. LSH says the total value of Yorkshire investment deals in the third quarter of 2012 rose to £303 million from £172 million in the previous quarter, but was below the £306.5 million total for the third quarter of 2011.

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