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Commercial property lenders should drive sustainability through financial innovation

Commercial property lenders should drive sustainability through financial innovation 0

by • Environment, News, Property

The commercial real estate finance sector is witnessing a dramatic shift in attitudes towards the issue of sustainability, according to a new report from the Better Buildings Partnership. It claims that major commercial property lenders are already exploring new opportunities that go well beyond traditional risk management through sustainability initiatives that ‘drive new business, strengthen customer relationships and improve the data they hold on the buildings in which they have underwritten’. The report, Beyond Risk Management: How sustainability is driving innovation in commercial real estate finance, is sponsored by CREFC Europe, GeoPhy, ING Bank and Lloyds Bank Commercial Banking, and claims to reveal pioneering examples of how lenders are incorporating sustainability into their core business activities.

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Facebook announces plans for technology that allows people to communicate with their minds

Facebook announces plans for technology that allows people to communicate with their minds 0

by • News, Technology

Anybody who has ever felt any degree of scepticism at the idea of Bond villains maintaining secret lairs employing hundreds of workers that manage to keep their secrets to themselves may have suspended disbelief when news leaked this week of Apple’s plans for driverless cars, something the firm has largely managed to keep to itself for at least two years despite having a 1,000 people working on the project in a dedicated location. Facebook has its own secrets, by all accounts many of them the product of something called Building 8, which is a sinister idea in itself, until you hear what they have just announced. The head of the department that occupies building is a woman called Regina Dugan who has just revealed some details of the department’s work on an interface that will allow people to communicate with computers using only their minds.

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Number of data scientist jobs soars as Big Data moves up the corporate agenda

Number of data scientist jobs soars as Big Data moves up the corporate agenda 0

by • News, Technology

Advances in tech have boosted Data Scientist roles by 57 percent globally in one year, according to a Big Data Analytics and Business Intelligence Observatory run by Politecnico di Milano School of Management. Advances in big data analytics are encouraging increasing numbers of industries – including banking, media and big pharma – to maximise this tool by employing more data scientists. The research, which surveyed 280 international data scientists, revealed the 57 percent annual increase in positions allocated, as well as role availability in nearly a third of companies. The research suggests that international businesses will increasingly be looking to integrate Data Scientist roles into their hiring strategies.

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Rents start to surge in Australia’s thriving high rise commercial property market

Rents start to surge in Australia’s thriving high rise commercial property market 0

by • News, Property

Australia can justifiably claim to lead the world in thinking about office design and management right now, but it may be coming at a cost as rents surge for high rise office space in its major cities. The cost of renting office space in the skyscrapers of Sydney and Melbourne (pictured) is rising faster than in any other major global city, as a lack of space pushes up rates. The costs of space have yet to hit the heights of tall buildings in cities like Hong Kong, but Knight Frank’s Skyscraper Index claims that the cost of renting space in the upper floors of skyscrapers in Melbourne had risen by 11 per cent to £40.98 per square foot per year in the six months to the end of last year, while those in Sydney had risen 10.1 per cent to £78.39 per sq ft.

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Designing space for virtual collaboration in an untethered world

Designing space for virtual collaboration in an untethered world 0

by • Case studies, Premium Content, Technology, Workplace design

collaboration and technologyWorking with colleagues across different geographies and time zones has become the norm since an increasing number of organisations now integrate and seek collaboration at a global level. Interestingly, according to Cisco, 62 percent of workers now regularly collaborate with people in other countries. These globally integrated enterprises (GIE) aim to draw in the best talent from across the world, delivering maximum innovation and efficiency. The rise of global and distributed teams has been further encouraged by the popularity of remote working, with 71 percent of office workers now choosing greater flexibility to work from various locations instead of travelling to the office everyday . And the trend only looks set to gain pace, with 56 percent of senior leaders in large global companies expecting global teams to increase in the next one to three years.

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How to prepare your business for the new Gender Pay Gap regulations

How to prepare your business for the new Gender Pay Gap regulations 0

by • Features, Legal news, Workplace

How to prepare your business for the new Gender Pay Gap requirements

From April 2017, employers with over 250 employees will be required to reveal specific information about the difference in net pay and bonuses between male and female employees explain the legal experts from Berg. The Office for National Statistics revealed that, in the financial industry, male managers and directors are earning on average 32.4% more than women in the same role. Whilst the statistic will vary from industry to industry, it’s important to highlight the divide and work together to accomplish equality in the workplace. The Equality Act 2010 (Gender Pay Gap Information) Regulations 2017 comes into force on 6th April 2017, and will require businesses to be transparent about the gender equality in their workplaces. It is hoped that this important move will encourage any business with less than positive statistics to make the move towards creating an equal workplace. For businesses that will need to report on their net pay, it’s a big task that needs to be executed properly. In fact, a survey by NGA Human Resources found that 20% of respondents won’t be ready to disclose the information by the deadline. With that in mind, here’s a look into what the regulations require you to do, and how these changes could impact your business.

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Brexit should be a chance for the UK to enshrine employment rights

Brexit should be a chance for the UK to enshrine employment rights 0

by • Comment, Legal news, Workplace

Exploitative employment contracts continue to receive widespread media attention – from shaming the businesses who use them, to prompting questions regarding workers’ rights in Parliament. In light of the Prime Minister officially signing Article 50, to trigger the formal start of the Brexit negotiation period, now is a good time to consider how this will affect the UK’s tarnished relationship with zero-hours contracts? Zero-hours contracts, and their equivalents, are demeaning policies, often backed-up by capricious management practices. They are non-negotiable, offering draconian flexibility in numerical, temporal and spatial terms and conditions.  But would continuing with EU membership have made a difference? The evidence reveals otherwise.

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AHMM completes work on New Scotland Yard for Metropolitan Police

AHMM completes work on New Scotland Yard for Metropolitan Police 0

by • Case studies, Company news, Workplace design

Architects Allford Hall Monaghan Morris (AHMM) have completed design work on the new headquarters for the Metropolitan Police Service (MPS) in London. The practice claims that the design ‘supports cultural organisational and conveys a new image for the MPS by creating a building that looks to engage with public and media alike’. The £60m new headquarters is a re-modelling and extension of the Curtis Green Building, a 1930s riverside site in Westminster, central London currently owned by the MPS. AHMM’s design includes the addition of new entrance and rooftop pavilions and a reworking of the existing accommodation. The new entrance is designed ‘to create a welcoming and non-institutional yet secure front door’ and reinstates the iconic revolving sign. The project has been completed as part of a major rethink of the organisation’s corporate real estate strategy.

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Social technology has the power to make the workplace more humane

Social technology has the power to make the workplace more humane

by • Comment, Technology, Workplace

Coloured-Social-Media-Icons-RoundSocial technology can, and should, make the workplace more humane. That’s because it has the potential and ability to shift the power dynamic from the few to the many. It gives more people a voice: one that they’re not afraid to use. You’ve only got to look at the uprisings, and the overthrowing of governments, in Egypt and Tunisia, to see the power of greater connectivity enabled by platforms such as Facebook. What was dubbed the Arab Spring was change on a grand scale. But, as Seth Godin points out in his book Tribes, it’s “tribes, not money, not factories,” that will change the world. The consequences of this are not lost on the people and cultural practices within organisations. The functions of how we recruit, how we learn, and how we communicate are all under pressure to bring greater humanity into the approach.

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Post Brexit UK sets out its case at MIPIM 2017

Post Brexit UK sets out its case at MIPIM 2017 0

by • Cities, Features, Property

Cannes-based international real estate fair MIPIM has always been a magnet for cities, determined to extoll their virtues to investors, developers and occupiers, but this year the UK was in charm overdrive. Buoyed no doubt in part by the presence of the UK government’s Department of International Trade (DIT), waving its ‘open for business’ flag for UK PLC, many of the towns and cities that would normally have ploughed their own furrow, instead came together to leverage critical mass. So Bradford and Leeds combined, conurbations across the central belt conjoined on a Midlands pavilion, and so on. Whether it was panic or confidence, the net result was an unusually prominent UK presence, up a quarter on last year. Of course the UK is just one nationality among the 24,200 real estate and city professionals from 100 countries who come together in Cannes every March.

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1.3m people mainly choose to work in gig economy, but want basic employment rights

1.3m people mainly choose to work in gig economy, but want basic employment rights 0

by • Flexible working, Legal news, News, Workplace

Gig economy workers want basic employment rightsGig economy workers are as likely to be satisfied with their work as workers in traditional employment, according to a major new survey published today by the CIPD which provides the first robust estimate of the size of the gig economy. Currently, 4 percent of UK working adults aged between 18 and 70 are working in the ‘gig economy’, which means approximately 1.3 million people are engaged in ‘gig work’ according to ‘To gig or not to gig: Stories from the modern. The report, which is based on a survey of 400 gig economy workers and more than 2,000 other workers, as well as 15 in-depth interviews with gig economy workers found that nearly two-thirds (63 percent) believe the Government should regulate to guarantee them basic employment rights and benefits such as holiday pay. But the research also found that, contrary to much of the rhetoric, just 14 percent of respondents said they did gig work because they could not find alternative employment.

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White paper sets out challenges of Brexit for UK’s built environment sector

White paper sets out challenges of Brexit for UK’s built environment sector 0

by • News, Property

BSRIA has published a new white paper to explore how issues related to Brexit will impact the UK’s built environment sector. The report highlights the ways in which the industry that supports the built environment has a major impact on the overall UK economy and plays a positive role in supporting the government’s climate change and emissions reduction objectives. According to the white paper, the sector is particularly sensitive to the uncertainties surrounding Brexit because it is technology intensive, requires a highly-skilled workforce, and is very dependent on international trade.

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