Search Results for: office

July 12, 2013

New joint venture formed to capitalise on booming London Office market

by Sara Bean • Company news, News, Property

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.”

July 12, 2013

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

by Charles Marks • Comment, Facilities management, Property, Workplace design

News 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.

July 11, 2013

Personalised design and office plants proven to boost wellness and performance

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

Allowing staff to make design decisions in a workspace enhanced with office plants can increase wellbeing and wellness by as much as 47 per cent, increase creativity by 45 per cent and increase productivity by 38 per cent, new research has revealed. Visitors at this year’s Chelsea Flower Show were challenged to take part in the study which measured their creativity, happiness and productivity as they experienced a range of different workspace designs. The findings, which would be expected to translate to a significant increase in business profitability, confront the popular belief that plants and art are an unnecessary or even wasteful element of the business environment. Results from this and related scientific investigations indicate that across all measures of psychological comfort and business performance, the managerially popular flexible, controlled, lean office, is consistently inferior to a space enriched by the design decisions of people who work there.

July 10, 2013

UK-based office buildings shortlisted for World Architecture award

by Sara Bean • Architecture, News, Workplace design

One Eagle Place – Piccadilly

Two UK-based office buildings, Botanic House in Cambridge designed by Formation Architects and One Eagle Place by Eric Parry Architects have been shortlisted in the “completed office” category of the World Architecture Festival awards, the world’s largest architectural festival and awards competition dedicated to celebrating and sharing architectural excellence from across the globe. The Botanic House scheme, which was completed in June 2012 is contained in a seven storey “lens shaped” building which provides a generous office rental space of 600 m2 (6,460 sqft) floorplates per floor, while One Eagle Place renews an urban block in the heart of Piccadilly. A video of the Botanic House project can be seen on the Formation Architects website and you can read the complete WAF shortlist here.

July 9, 2013

First “green-rise” commercial office building announced for Los Angeles

by Sara Bean • Architecture, Environment, News, Property

High-rise buildings tend to evoke a love-hate response, and being green is usually not a strong feature. However a new high-rise is being planned in California which aims to join the handful of tall buildings in North America to achieve the U.S. Green Buildings Council’s LEED Platinum certification. The 37-storey Century City Center will integrate the best new engineering and technological practices and innovations to deliver the first new build LEED Platinum “green-rise” in Los Angeles and Southern California. It promises, say developers JMB Realty Corporation, to effectively create a new benchmark in sustainable performance for the commercial office market in America’s second-largest urban region.

July 3, 2013

Two separate reports highlight thriving London office market

by Mark Eltringham • Knowledge, News, Property

Holborn Circus

The London office market continues to thrive according to two new reports from property consultancies CBRE and BNP Paribas Real Estate. According to the CBRE survey, take-up of Central London office space in the second quarter of 2013 increased by 32 percent compared with the previous quarter while, according to BNP Paribas, the take up of central London offices in the first half of 2013 rose by nearly a quarter 24 percent to 6.02m sq ft compared with the same period in 2012, while activity rose by around a third (31 percent) to 3.08m sq ft in the second quarter of the year compared with the second quarter of 2012. CBRE report that there were three deals for offices over 100,000 sq ft in the period covered and eight deals over 50,000 sq ft, the highest number since Q4 2010.

July 2, 2013

Video: is this the world’s most sustainable office building?

by Mark Eltringham • Architecture, Environment, Facilities management, Workplace design

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What is claimed to be the world’s most sustainable office building has just achieved a platinum LEED certification. The NuOffice building in Munich was supported by the EU funded Direction project which promotes energy efficient and sustainable building design along with the Fraunhofer Institute for Building Physics (IBP). The focus of the building’s design is on energy efficiency and applies radiant heating and cooling technology, switchable glazing and innovative insulating material to reduce the environmental footprint and running costs of the building. The developers claim that local energy costs have increased by 50 percent over the last decade so the new building which is expected to reduce energy consumption by 90 percent can offer a substantial cost saving over conventional designs.

July 1, 2013

Office Insight announces partnership with Worktech 13

by Mark Eltringham • Company news, News

The 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 →

June 25, 2013

US corporate occupiers changing the size and type of office space they demand

by Mark Eltringham • Facilities management, Flexible working, Knowledge, Property

America’s corporate occupiers are not only reducing the amount of office space they use, they are changing their requirements too according to the latest Office Occupier View report from CBRE. Not only did overall demand for commercial space fall during the first quarter of 2013 compared to the last of 2012, the average amount of space allocated to each worker is falling below 225 sq.ft. (21 sq.m.) , and occupiers are demanding more open, ‘creative’ working environments in Class A buildings with large floor plates. Occupiers are also looking for space that is ideally located in central business districts (CBDs) with easy access to transport links and amenities and offers them flexible terms.

June 20, 2013

Land Securities £260m development confirms City office confidence

by Sara Bean • Architecture, Company news, News, Property

Land Securities announcement today of a £260 million development of 1 & 2 New Ludgate, EC4, a speculative mixed-use development in the City of London confirms a growing confidence in the City office market. The 379,000 sq ft scheme occupies an island site near St Paul’s Cathedral and comprises two distinct buildings united by a new public piazza, which together aim to offer 346,000 sq ft of office accommodation set around open and green spaces. Colette O’Shea, Head of Development, London said: “Our decision to commence the speculative development of 1 & 2 New Ludgate reflects our confidence both in the City office market, where we believe supply of new space will be constrained in 2015, and in the quality of the attractive and highly efficient office space we are creating.” More →

June 17, 2013

It’s sunny side up for office furniture designs at this year’s Neocon

by David Fox • Comment, Events, Facilities management, Flooring, Furniture, Products, Workplace design

Landing “sunny side up” in Chicago is always a pleasure. While we’re here for work, the city has so many additional benefits for the seasoned international business traveller including a deep-rooted jazz culture, a beach, restaurant service to die for and – the reason we were there in the first place – the Neocon expo, amongst other things an exhibition of the finest new American and international office furniture trends which takes place every year at the enormous Merchandise Mart in the centre of Chicago (above). Quite a lot “snapped my celery” this year, and while, under normal circumstances I find the Milan furniture fair is the front-runner in terms of defining trends while the rest of the world slowly catches up, This year it was refreshing to see Neocon marking those trends right on the button.

June 14, 2013

Only one commercial office building in RIBA National and EU Awards

by Sara Bean • Architecture, News, Workplace design

Just one commercial office building – Quadrant 3 on Regent Street in London [pictured] by Dixon Jones with Donald Insall Associates – has received a prize in the 2013 Royal Institute of British Architects (RIBA) National Awards. Many of the winners for the most rigorously-judged awards for architectural excellence are publicly, charity or foundation funded, with fewer medium-scale projects amongst the winners, both public and commercial. The shortlist for the RIBA Stirling Prize for the best building of the year will be drawn from the 52 RIBA National and EU Award winners (43 buildings in the UK and nine buildings elsewhere in the EU).