Search Results for: real estate

The business case for the retrofit of existing buildings keeps getting stronger

The business case for the retrofit of existing buildings keeps getting stronger

by • Environment, Facilities management, Features, Property

The news last year that the M&S flagship Orchard House store on Oxford Street in London was to be demolished to make way for a new mixed-use development of shops, offices, restaurants and a gym sparked a very British sort of debate about the pros and cons of retrofit and refurbishmentThe news last year that the M&S flagship Orchard House store on Oxford Street in London was to be demolished to make way for a new mixed-use development of shops, offices, restaurants and a gym sparked a very British sort of debate about the pros and cons of retrofit and refurbishment. This is M&S after all. It may not be the cultural touchstone it once was but it remains an institution. But the debate was also about some things you might expect right now, including the ongoing deterioration of Oxford Street, the loss of a landmark building (and an art deco one at that) and the suitability of the ten-storey, mixed-use development that was to replace it. (more…)

The Great Relearning about the Great Office Problem

The Great Relearning about the Great Office Problem

by • Comment, Flexible working, Technology, Workplace design

A person using computer in style of edward hopper in an office at nightOne of the latest people to invent activity-based working is sociologist Ana Andjelic, who combines it with the similarly familiar hub and spoke office model on her substack as a solution to the Great Office Problem. She’s not the first and is a less surprising pioneer of a decades old model than some other people who should really know better. That includes an architectural practice who came up with the idea earlier this year and whose name escapes me. (more…)

Office sector net zero targets require significant shift in thinking

Office sector net zero targets require significant shift in thinking

by • Environment, Facilities management, News, Property

An image of the Earth from space to illustrate what is at stake for the office sector, which is one of the main contributors to carbon emissionsA new report, Delivering Net Zero Carbon in the Workplace [BCO members only] produced by University College London Consultants (UCLC) for the British Council for Offices (BCO), claims to identify the barriers that businesses are facing as they strive to drastically reduce the carbon footprint of their offices. The report, informed by over 100 office occupiers and building professionals, outlines the measures that those working in the office sector can take to overcome these barriers at what the report suggests is low or zero cost. (more…)

Lease cycle means West End office market will ‘reset’ by 2025

Lease cycle means West End office market will ‘reset’ by 2025

by • News, Property

An ancient snakes and ladders game board to depict the vicissitudes of the office market in LondonA BNP Paribas Real Estate analysis claims that London’s West End office market is on course to ‘reset’ by 2025 following a major leasing event cycle commencing in 2023, which will see a flurry of renewals, expiries and break clauses executed by both landlord and tenant, which will alter the market as we know it by the milestone year.  According to the firm’s own West End data, 40 percent of the market will have a lease event in 2023 and 2024, with equally large volumes to follow in the two subsequent years. This freedom of tenant movement coupled with a restricted supply line, could drive rents on prime buildings from their current 2022 position of £140 sq ft to £200 sq ft in 2023 and £250 sq ft in 2024, and further into 2025 where the initial cycle ends. (more…)

TRILUX energy efficient lighting proves fit for the flexible, inclusive workplace of the future

TRILUX energy efficient lighting proves fit for the flexible, inclusive workplace of the future

by • Company news, Lighting, Workplace design

The reception area of the new TRILUX installation for JLLA new installation at 20 Water Street in London allows a world leading, real estate services company to create a user-friendly, innovative workspace. The impressive downlight range from TRILUX opened the door to a complementary, tech-smart sustainable workplace lighting scheme – fit for the future of work.  Global real estate advisor JLL’s new Canary Wharf office is in one of the most sustainable buildings in the UK. It recently relocated some of its London-based teams to the second and third floors at 20 Water Street, Wood Wharf. The move is part of its commitment to shaping the workplace for its employees, providing a flexible and inclusive work environment underpinned by a sustainable and technologically advanced workplace that boasts excellent connectivity and amenities. (more…)

Firms should focus on people in the drive for long term growth

Firms should focus on people in the drive for long term growth

by • News, Wellbeing, Workplace

A new report by Economist Impact, sponsored by Kyocera Document Solutions, claims that human-centric strategies are needed for businesses to drive sustainable business growth, focusing on three pillars: productivity and infrastructure, employee engagement and culture. The Magnetic Workplace Barometer claims to gauge confidence both today and in five years’ time across  what the report terms the three main pillars of productivity and infrastructure; employee engagement; and culture. The barometer scores are scaled from 1 to 7, 7 being the most confident. (more…)

Workspace Design Show announces inspiring speaker line-up for 2023

Workspace Design Show announces inspiring speaker line-up for 2023

by • Company news, Workplace design, Works Magazine

A photo from the 2021 Workspace Design Show conferenceThe Workspace Design Show returns for the second time, unveiling an exciting speaker line-up as part of its 2023 edition. Taking place once again at London’s Business Design Centre, the show brings together the UK’s workplace interiors community to explore the experience of tomorrow’s workspaces. The show will take place from 27- 28 February 2023, with the theme being Destination Workplace: Places Where People Want To Be. One of the highlights from the inaugural 2022 edition was the Show’s talks programme, which was well received by the workplace design community. (more…)

Retrofitting buildings essential to reduce energy costs and combat the global energy crisis

Retrofitting buildings essential to reduce energy costs and combat the global energy crisis

by • Environment, News, Property

A tree lined street to illustrate the green benefits of retrofitting buildingsA new report from JLL claims that rising energy costs are expediting the move toward more efficient buildings. JLL’s Retrofitting Buildings to be Future-Fit research suggests that net-zero carbon (NZC) intervention measures directly impact a building’s bottom line and that failing to decarbonise leads to significant financial risk. For many buildings, meeting 2050 decarbonization targets put forward in the Paris Climate Agreement is grounded in retrofitting current spaces, which can also garner higher rents, reduce financial risk and generate higher occupancy rates and tenant satisfaction. (more…)

Hybrid working driving demand for areas with easier commutes

Hybrid working driving demand for areas with easier commutes

by • Flexible working, News, Property, Workplace design

An office cafe to illustrate the new wave of hybrid workingA report from Unispace claims that employees’ new preference for hybrid working has created an immediate need for firms to re-think their real estate footprint. Today, with over 60 percent of office-based employees preferring to work remotely or in a more flexible way, rather than commute to city centres five days a week, employers are considering the greater use or addition of satellite offices to their portfolio. According to the study of 3,000 office workers across Europe, 79 percent of the workforce would be happier to return to the office if it was just five to 10 minutes away from their home, suggesting that satellite offices could be a solution to boost collaboration, socialisation, engagement and staff retention. (more…)

Zero carbon tech for building materials gets $12 billion commitment at COP27

Zero carbon tech for building materials gets $12 billion commitment at COP27

by • Architecture, Environment, Facilities management, News

An aluminium clad building facade to illustrate the importance of zero carbon tech in buildingsThe World Economic Forum and US Special Presidential Envoy for Climate announced today at COP27, the expansion of a coalition of global companies, to commit $12 billion in 2030 purchase commitments for zero carbon and green technologies to decarbonise the cement and concrete industry and other hard-to-abate sectors. The latest expansion of the First Movers Coalition – made up of 65 companies with a collective market value of approximately $8 trillion – focuses on cleaning up one of the world’s most carbon-intensive industry sectors through purchasing commitments for low-carbon technology. From construction and engineering to real estate and developers, newly announced First Mover companies have committed to purchasing at least 10 percent near-zero cement and concrete per year by 2030.  (more…)

WELL certification may boost occupant satisfaction, perceived wellbeing and productivity

WELL certification may boost occupant satisfaction, perceived wellbeing and productivity

by • Company news, Environment, Wellbeing

An illustration of three people celebrating to illustrate their wellbeing A new study claims that WELL certification appears to boost levels of satisfaction and perceptions of health, wellbeing and productivity in people. The study claims to show an increase in occupant satisfaction by nearly 30 percent, as well as occupant perceived well-being scores by 26 percent, mental health by 10 percent and productivity by 10 median points in WELL Certified buildings. (more…)

The underlying problems with the way we think about work

The underlying problems with the way we think about work

by • Features, Wellbeing, Workplace design

people and workAn idea that has never really gone away, but which seems to be enjoying a new lease of life is the tabula rasa. The conception of people as a blank slate is something a that has crept back into mainstream political and social thought for a variety of reasons. Arguably, it is also behind many of the most misleading notions about work and workplace design, perhaps most importantly that a change to some single element or characteristic of a working environment will lead to a specific outcome in the behaviour of people. (more…)

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