Search Results for: real estate

HOK releases new workplace benchmarking report for financial services sector

by • Architecture, Briefing, News, Workplace design

HOK Benchmarking reportArchitectural practice HOK has released a new benchmarking report that examines design and work-style trends at leading financial services firms over the past three years, including the finding that space is underutilised across the sector by nearly a half, meaning that growth can easily be accommodated within the existing facilities of many firms. The HOK Benchmarking Report claims to provide information on recent trends affecting the industry, an analysis of how organisations are using office space and metrics for space standards based on recently completed workplace projects for financial services firms in New York, Toronto and London. The authors claim that because ‘companies are eager to understand the link between their work environments and organisational performance, the space standards and findings in this report can provide a baseline to help corporate real estate and facilities professionals identify and respond to opportunities for improvement.’

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The latest Workplace Insight newsletter is available to view online

by • Facilities management, Newsletter, Work&Place, Workplace design

Workplace InsightIn the latest copy of the Workplace Insight newsletter available to view online; Chris Kane argues that people and place are a company’s most valuable assets and only by developing them both in tandem will you unlock their true value. We reveal that far from improving their work/life balance, flexible working means nearly half of managers work an extra day each week; the Dutch beat the Germans in workplace happiness and productivity levels, and the UK’s public sector spends almost twice as much on outsourced services as the country’s private sector. The BBC announces plans to move more staff out of its central London offices as part of its strategy to reduce property costs, and news of a transformation in the way the US corporate real estate market approaches the environmental performance of buildings. We also include a link to the new issue of Work&Place, the journal we publish in partnership with Occupiers Journal.

6 Bevis Marks, the Gherkin’s new neighbour, is ready for tenants

by • Company news, Facilities management, Property, Workplace design

6 Bevis marks ready for tenants6 Bevis Marks – next to the Gherkin in the City of London – has been completed, with the first two tenants expected to take occupation in August. The mixed use building comprises 160,000 sqft (14,864 sqm) of office and retail space over 15 floors, and has been developed in a joint venture between AXA Real Estate and BlackRock. Located close to Liverpool Street, where the new Crossrail station is due to open in 2018, the building features a rooftop garden square, a ground floor business lounge, full on-site cyclist facilities and a private landscaped courtyard with access to the public realm surrounding the Gherkin. The development also features a 26-screen media wall in the reception, which is being used to host the Vivid Digital arts programme – a commission of young filmmaking talent supported by the developer. The building is BREEAM Excellent rated, with a range of sustainability features. More →

Smithfield mixed use development plans thrown out by Communities Secretary

by • Architecture, News, Property, Workplace design

SmithfieldThe UK’s Communities secretary Eric Pickles has – in no uncertain terms – thrown out the controversial £160m plans to redevelop London’s historic Smithfield Market. The development, which would have been located in the heart of London’s creative and office design communities, was rejected with a strongly worded statement that concluded: ‘the extent of damage that the application would cause to the important heritage assets at Smithfield runs entirely counter to national and policy objectives intended to protect such assets from harm and that this would seriously undermine any economic, social or environmental benefits otherwise arising from the development, such that the proposal would not represent sustainable development.’ Objections to  the plans had been led by the Victorian Society and Save Britain’s Heritage and enjoyed the backing of high profile public figures such as Alan Bennett, Kristin Scott Thomas and RIBA Journal editor Hugh Pearman.

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Green building design ‘goes mainstream’ in major US cities

Green building design ‘goes mainstream’ in major US cities

by • Architecture, Environment, News, Property, Workplace design

Green building design

Minneapolis – the home of US green building design

It’s not just Europe that is experiencing an explosion of interest in green building design. According to a new report from CBRE and Maastricht University, the past ten years have seen a transformation in the way the US corporate real estate market approaches the environmental performance of buildings. According to the National Green Building Adoption Index for 2014, produced by CBRE there has been a remarkable increase in the  application of green building standards in the thirty most important regional commercial property markets in the US. Based on data from the US Green Building Council,  the number of office buildings which are LEED* or Energy Star** certified has surged since 2005. The proportion of LEED certified buildings in America now stands at 5 percent, up from under 0.5 percent over the course of the survey period. The total proportion  of office space which now has some form of green accreditation is just under a fifth.

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First female President in RICS’ history will focus on diversity

by • Company news, Facilities management, News, Property

RICS' first female president in 146-history to focus on diversityThe Royal Institution of Chartered Surveyors (RICS) has confirmed the first female President in the Institution’s 146 year history. New President of RICS Louise Brooke-Smith will give her inaugural speech today (1 July) during RICS’ Governing Council meeting in London. Alongside her presidency of RICS, Brooke-Smith will continue to be involved with the Birmingham based planning and development consultancy, Brooke Smith Planning. RICS accredits over 118,000 qualified professionals across the globe in land, real estate, construction and infrastructure. She succeeds outgoing RICS President, Michael Newey and during her year-long presidency, will focus on three core areas; diversity, Africa and her professional specialisms, planning and land economics. Commenting on her diversity plans for the year Louise Brooke-Smith, RICS President said: “Chartered Surveying is a globally recognised profession, and we must ensure that it is open to all, whatever their background, or gender. More →

Government must solve problem of London’s wasted commercial property

by • Comment, Facilities management, Property

London commercial propertyThe UK Government needs to act on the growing issue of wasted commercial property space in Greater London, and it needs to do so as a matter of some urgency. Statistics from the Department for Communities & Local Government (DCLG) show that since 1998, a worrying 58 per cent of London boroughs have seen vacancy rates either increase or stay the same. What is most concerning for businesses in the London region is that this rising figure, coming at a time when commercial rents are soaring, has gone unchecked since 2006, the time at which the DCLG stopped collating the data because of budgetary cuts. One of the worst performing boroughs is the City of London, which has seen a 100 per cent increase in vacant commercial properties during the period from 1998 up until the point at which the DCLG stopped publishing data.

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Acquisition of Dublin office site marks strengthening demand in Ireland’s capital

by • Company news, News, Property

Dublin acquisition marks strengthening demand for office spaceA 1.7-acre office development site in Dublin has been acquired for €40.5 million by Development Securities in a joint venture with Colony Capital and two leading Irish commercial developers. The site already has existing planning consent for the development of a 166,000 sq. ft. grade A office building which would replace an existing five storey, vacant office building that currently occupies the site. Located on Burlington Road, within Dublin’s prime commercial core, the office development will be marketed for pre-lets over the near-term, with initial site works expected to commence within the next 6 months and the building’s completion by in mid to late 2016. The move reflects a wave of office development in the Irish capital, where, according to a report by CBRE Ireland, a complete lack of office development over the last three years has manifested itself in supply shortages of Grade A office accommodation in core locations.

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Lack of joined up thinking hampers efforts to reduce commercial property energy consumption

by • Environment, Facilities management, News, Property

SunriseA new report commissioned by the Green Construction Board, Property Industry Alliance and UK Government claims that efforts to tackle energy consumption in commercial property and reduce the associated emissions of greenhouse gases needs a new approach to the way policies are understood, monitored and enforced. The warnings come in a paper produced by Deloitte which suggests that while the associated potential for savings and a wide range of environmental and economic benefits are beyond question and the Government has the will to make them happen, there is a lack of cohesive thinking in current policies and legislation coupled with a shortfall in innovation and investment. When the report was commissioned last year, it was done so on the basis that buildings remain the UK’s largest contributor to carbon emissions, with energy use in non-domestic buildings accounting for 17 per cent of the total.

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Workplace Strategy Summit starts this morning with stellar line up of speakers and topics

by • Architecture, Events, Facilities management, Workplace design

BBC Workplace StrategyThe world’s foremost workplace conference kicks off this morning and Insight will be there to cover all of it. . Speakers include Franklin Becker, Frank Duffy, Alexi Marmot, Wim Pullen, Ian Ellison, Ziona Strelitz, Andrew Laing, Chris Kane and Simon Allford will address the most important and up to date issues relating to workplace strategy. To coincide with the event, the latest issue of Work&Place will be published before being issued to around 25,000 IFMA members worldwide and made available free online to everybody. The event builds on the  success of the first Workplace Strategy Summit held at Cornell University. Updates will be available on Twitter. 

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IFMA & BIFM to discuss work and place at Workplace Strategy Summit

by • Facilities management, News

Workplace summit to discuss work and placeLeading academics and experts in the fields of facility management and real estate are meeting to discuss the most innovative concepts to emerge in workplace strategy at the Workplace Strategy Summit, beginning this weekend at the Wokefield Park Conference Centre in Berkshire. The International Facility Management Association (IFMA), British Institute of Facilities Management (BIFM) and IFMA Foundation will come together from 8-10 June to discuss the themed “Innovation on the Edge.” The editorial team at Workplace Insight has produced a special issue of the Occupiers Journal, Work & Place featuring in depth articles, case studies and comments from some of the key speakers at the event. Paul Carder, publisher of Work & Place said: “As well as the journal’s obvious relevance to the creators and managers of places we were also keen to find subjects which are equally relevant to managers of the “work” process.”

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Audit commission urges UK councils to make better use of property

by • News, Property, Public Sector

real estateUK local authorities should make better use of their £170 billion estate, including divesting or reusing around £2.5 billion worth of surplus assets, according to a new report from the Audit Commission. The report acknowledges that the estate has already shrunk by a third over the last decade but says there is still scope for councils to be more proactive in the way they manage property, not least when it comes to decisions about the use of idle or underused buildings and land. As the local government estate continues to shrink due to spending cuts and a range of Central Government initiatives such as the One Public Sector estate scheme, it was vital councils understood the properties in their portfolio and regularly reviewed them, according to the report’s authors.

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