Search Results for: real estate

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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Supply of new office space in London continues to fall short of demand

by • Architecture, News, Property

Glass half emptyOne of the downsides to London’s attractiveness as a business destination, as we reported yesterday, is its inability to provide enough office space to satisfy the rapacious demands of the companies who want to work there. Survey after survey reveals the same thing. Even though London has a healthy pipeline of new offices under construction, it cannot keep pace with demand. The latest survey to make the same point comes from Deloitte Real Estate whose London Crane Survey claims that the 9.2 million sq. ft. of office space currently being built will fall short of what is needed. The report claims that London office space is likely to remain in short supply for two years as the new occupancy levels of offices continues to outstrip supply. The report claims that 2014will see 7 million sq. ft. of Grade A office space delivered, the largest volume for over a decade but nearly half has already been let even before construction is complete.

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World’s most energy efficient office retro-fit opens in Norway

by • Architecture, Environment, Facilities management, News

PowerhouseWhat is claimed to be the world’s most energy efficient office building has been opened in Norway. Powerhouse Kjørbo in Oslo is Norway’s first energy-positive building and the, according to its developers, the first in the world to be retro-fitted to produce more energy than it consumes. The building is part of the Powerhouse project, a collaboration between a range of organisations with an interest in developing and promoting energy efficient office buildings.  The Powerhouse consortium defines an energy-positive building as any building which generates more clean and renewable energy in its operational phase than was used in its construction and lifetime, including materials, operation and disposal.

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Walkie talkie lands two more tenants as demand for City space grows

by • Facilities management, News, Property

Walkie-Talkie solutionThe ‘Walkie Talkie’ skyscraper, 20 Fenchurch EC3 – dubbed the ‘Walkie Scorchie’, after its unusual design was found to reflect and magnify the sun’s rays onto nearby parked cars – is now 87 per cent let, after securing a further two tenants. Insurance firm CNA and UK law firm DWF LLP are taking 35,000 sq ft and 43,000 sq ft respectively at the 38-storey building. The latest two lettings come after joint developers Canary Wharf and Land Securities achieved the building’s first completion milestone on 17 March, when they handed over possession of the first completed office floors to tenants. The rest of the office floors were completed as planned in April. The remaining space, the Sky Garden – a landscaped garden, dining and viewing area on the top three floors, which will be operated by rhubarb – remains on schedule for completion before the end of the year. (more…)

US employers hold very mixed views on flexible working, claims report

by • Flexible working, News, Technology, Workplace

Glued to the desk

It’s not just companies in the UK who appear to have mixed and sometimes contradictory views on the principles of flexible working. A new study from the US based Families and Work Institute in partnership with the Society for Human Resource Management has found that while more and more firms are open to the idea of working from home for permanent employees, other forms of flexible working such as job sharing, career breaks or sabbaticals to deal with personal and family issues. The 2014 National Study of Employers found that two-thirds (67 percent) of US organisations now allow employees to work from home at least some of the time, up from 50 per cent in 2008. In addition, 41 per cent of firms let workers decide their own working hours, compared to 32 per cent in 2008. However there are falls in the proportion of employers willing to let staff work flexibly in other ways.

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