Search Results for: office

January 23, 2014

UK commercial property investment in 2013 hits a six year high

Last year marked a six year high in commercial property investment across the UK according to a new report from property information providers CoStar, driven by increases in regional markets and a sharp upturn of interest in Central London from overseas investors. A total of £52.7 billion of transactions was completed across the UK in 2013, albeit that two-thirds of investments were made in London and the South East of England. It was also a year for record breaking deals, notably the Broadgate office development in the City (above) and More London on the South Bank, each of which were valued at £1.7 billion. London was particularly attractive for Asian investors who CoStar claim see it as a safe haven and invested £9.2bn, up 80.6 percent on 2012.

January 22, 2014

Land Securities to submit application for solution to Walkie Talkie solar glare problem

by Sara Bean • Company news, Facilities management, Property

Land Securities has confirmed it will submit a planning application next month for the solution to the solar glare problem at the ‘Walkie Talkie.’ Last year the skyscraper at 20 Fenchurch EC3 was dubbed the ‘Walkie Scorchie’, after it was found its unusual design was reflecting and magnifying the sun’s rays, which were melting parts of vehicles parked in nearby streets. According to the developer, despite its problems, the building is now 64 per cent pre-let, with a further 23 per cent in solicitors’ hands, and just 42,700 sq feet of space remaining. Land Securities has also announced, that due to increased demand for London office space it is to launch two new central London developments. More →

January 22, 2014

Plans submitted for 19 storey tower in Manchester business district

by Mark Eltringham • News, Property

Developers have submitted plans for the development of a new tower on the site of an existing office building in Manchester city centre. Allied London is looking to create a new 19 storey office in Spinningfields, the city’s troubled £1.5 billion business district which ran into development problems at the height of the recession between 2007 and 2010. The new building a will offer over 340,000 sq. ft. of office space and is designed by Ian Simpson Architects who were responsible for the design of the Beetham Tower. The ground floor is also likely to incorporate retail outlets, cafes and restaurants. A final decision on the application from the local authority is due in April. Quay House, the current building on the site, is argued by the developer to be under-occupied and outdated.

January 21, 2014

Working from Home Week: good idea, but it doesn’t suit everyone

by Sara Bean • Comment, Flexible working, Workplace

Yesterday was hyped as the most depressing day of the year, but it also marked the beginning of Working from Home Week (20-26 January 2014). The idea will resonate with anyone struggling to get out of bed and join the January commute. There are many advantages to home working; but depending on your personality and personal circumstances there are also disadvantages. Yes, you’ll avoid traffic jams/crowded trains, take the dog for a walk when you fancy and can concentrate on a project without annoying interruptions. But working from home has its disadvantages too; including feeling isolated and finding it difficult to remain motivated. Rather like those who decide to move to the country but find it’s too quiet – for some people the buzz of the workplace is vital to their productivity and wellbeing. More →

January 20, 2014

Blue Monday hype obscures the real debate about workplace happiness

by Mark Eltringham • Comment, Facilities management, Workplace, Workplace design

So here it is. Blue Monday. Officially the most depressing day of the year. We say ‘officially’, but like the idea of ‘Body Odour’ its common usage hides the fact that it was originally created as part of a 2005 PR campaign. For Sky’s travel channel. The whole idea of Blue Monday is couched in a pseudo-mathematical equation which includes factors like the weather, levels of debt, time since Christmas, low levels of motivation and, apparently, an unspecified variable known simply as ‘D’. Now, of course, none of this is either easy to define or measure and while we mock the idea, it’s not so far removed from Prime Minister David Cameron’s attempts to measure ‘happiness’ as an alternative to GDP.

January 15, 2014

New study claims vast majority of builders now enjoying advantages of BIM

by Mark Eltringham • News, Property

A new report from McGraw Hill Construction claims that contractors in nine of the world’s top construction markets who use Building Information Modelling (BIM) believe that the technology helps them to improve productivity, efficiency, quality and safety on their projects, as well as their own competitiveness. The Business Value of BIM for Construction in Major Global Markets SmartMarket Report reveals that contractors in markets with well-established BIM use, such as Canada, France, Germany, the UK and US, as well as those in markets that are still in the initial stages of BIM adoption, such as Australia, New Zealand, Brazil, Japan, and South Korea, are seeing a positive return on their investments in BIM, from project benefits like reduced errors and omissions, to process improvements like the ability to enhance collaboration, and internal business benefits such as enhancing their company’s image.

January 14, 2014

The BYOD conundrum remains how to strike the right balance about control

by Mark Eltringham • Comment, Technology

We predicted that the practice of Bring Your Own Device would remain an insoluble conundrum for many firms throughout the year and two recent pieces of conflicting advice on the subject make the point point for us. On the one hand, the Information Commissioner’s Office (ICO) in the UK has issued fresh guidance to organisations about the possible perils of BYOD and the need to establish formal policies and procedures, including the ability for the firm to wipe ALL data from lost or stolen devices, determine applications and operating systems and decide on what happens to devices at the end of contracts. On the other hand a Gartner analyst has predicted that the dead hand of organisational control will mean around a fifth of BYOD policies will fail within the next two years, rendering the efforts at control completely counterproductive.

January 9, 2014

Firms and individuals can now offer to buy swathes of Government property

by Mark Eltringham • News, Property, Public Sector

The UK Government’s ongoing attempt to divest itself of large parts of the public sector estate or at least find other ways of using them took a new turn yesterday with the announcement that members of the public and businesses can now challenge central Government to release land for alternative uses. Originally announced in last year’s Spending Review and since developed by the Cabinet Office, it will now be possible to bid to buy up a part of Whitehall’s vast and sometimes underutilised £330bn land and property portfolio under the Treasury-backed Right to Contest scheme – if it can be demonstrated that there is a potentially better use for it. The programme is an extension of the Right to Challenge programme that already operates in local government giving communities, organisations and individuals the power to contest the use of vacant or surplus property owned by local authorities.

January 9, 2014

Rise in employee wellbeing initiatives in 2014, despite little evidence they work

by Sara Bean • News, Workplace

Amidst the plethora of fitness and diet advice which greets the New Year comes discussions on the value of employee wellness programmes in reducing absenteeism and improving staff productivity. A solid link between the two is still to be proved and now a major new piece of US research charting the effects of a seven-year programme on thousands of employees has found that while support for staff with chronic conditions was beneficial, there was no evidence that the fitness and lifestyle component made any difference. This will do little to stem the enthusiasm for wellbeing programmes however, as consultants Towers Watson reports there will be a rise in the uptake of employee wellness programmes over the coming year. More →

January 8, 2014

CBI to embrace open plan working at new London HQ

by Sara Bean • Architecture, Facilities management, News, Workplace design

The CBI is to move its headquarters to new offices in Cannon Street, London, after more than 30 years at its present Centre Point home, which is to be converted into apartments. Staff at the UK’s leading business organisation will make the switch from the multi floor office layouts of the 1960s built tower to an open plan 25,000 sq ft space when they move into the fourth floor of the eight-floored Cannon Place development in the spring. The CBI director-general, John Cridland, said he was looking forward to the move to the new offices, on which the organisation has signed a 15-year lease and invited its members to make use of a dedicated member’s lounge at the new London HQ to meet their clients and CBI staff. More →

January 6, 2014

New SkyCycle route proposed to ease Capital’s transport network congestion

by Sara Bean • Architecture, Environment, News, Property

Demand for London-based workplaces is increasing, but the capital’s transport network is at capacity and ill equipped for a predicted population growth of 12 per cent over the next decade. Despite the Mayor’s efforts to encourage more cycling in the capital, a recent series of accidents has raised concerns about its safety. Architects Foster + Partners together with Exterior Architecture and urban planners Space Syntax have come up with a proposed solution, the SkyCycle network. This consists of a wide, secure deck constructed above the existing suburban railway corridors, to provide over 220 kilometres of safe, car free cycle routes which can be accessed at over 200 entrance points. Each route can accommodate 12,000 cyclists per hour and will improve journey times by up to 29 minutes. More →

January 6, 2014

The nine enduring workplace tensions to keep an eye on in the year ahead

by Mark Eltringham • Comment, Facilities management, Flexible working, Public Sector, Technology, Workplace

There were a number of workplace issues that wouldn’t go away during 2013. And there’s no reason to believe we will resolve many of them during 2014 either. We can try to explain the recalcitrance of such things by referring to the enveloping fog that emanates from the commercial interests who promote problems to their customers so they can provide the solutions, but many are more deep-rooted. Technology and its constant radicalising effects is almost invariably the major driver of change, but it is only one thread in a complex web of social, professional, demographic, cultural and commercial changes. So here, in no particular order, are the issues we expect to spend the most time talking about on Insight over the next year. More →