Search Results for: real estate

CBI to embrace open plan working at new London HQ

by • Architecture, Facilities management, News, Workplace design

CBI's new HQ at Cannon Place

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…)

Team announced to review restoration needs of UNESCO World heritage site

by • Facilities management, News, Property, Public Sector

Palace of WestminsterThe House of Commons and House of Lords have announced the team which is to carry out an appraisal of the work that needs to be done to restore and repair one of Britain’s most iconic sites. The study will explore a number of ways in which Parliament can remain operational while implementing long overdue essential works to protect the Palace of Westminster, an important Grade I listed building and UNESCO World Heritage site. Deloitte Real Estate, AECOM and HOK have been chosen to undertake an Independent Options Appraisal as part of the Palace of Westminster Restoration and Renewal Programme. The appraisal was commissioned following the publication of a study in 2012 which showed that, unless significant restoration work is undertaken, major, irreversible damage may be done to the Palace. (more…)

Insight newsletter is now available to view online

by • News, Newsletter

2.Insight_twitter_logo smIn the Insight newsletter, available to view online; cost is still viewed by businesses as the most important factor in assessing an office’s performance; a suspiciously high number of occupiers claim that their programmes of workplace change are successful; PwC’s nine-storey headquarters in London surpasses all BREEAM scores to date, and we review The Emergent Workplace – a new book which aims to help people make better decisions about their offices. Nigel Sikora discusses the challenges of ensuring the right level of acoustic and visual privacy within the workplace; Charles Marks says London may grab all the headlines but the creative and tech industries are thriving around the country and Richenda Oldham explains ways businesses can improve their knowledge of the range of costs involved in owning or leasing commercial real estate.

New survey reveals extent and nature of workplace change programmes

by • Comment, Facilities management, Property

Apple 11

The newly published Workplace Transformation Survey from property consultancy  Cushman and Wakefield begins with the now routine statement that “there is no doubt the corporate workplace is rapidly transforming”. So tell us something we don’t know – and in the subsequent report they pretty much do. That said, the methodology of the survey does skew the results by focussing on a particular part of the workplace elephant, because the report was compiled in conjunction with CoreNet Global, based on a questionnaire of over 500 occupiers and other participants from around the world taking part in events in Los Angeles, Amsterdam and Shanghai. So inevitably the results are weighted to at least some degree in favour of those with an interest in commercial property and the regions from which it draws its data. (more…)

Remarkable resurgence of confidence in the UK commercial property market

by • News, Property

Edinburgh is one region enjoying a resurgence in confidence

Edinburgh is one region enjoying a resurgence in confidence

The UK commercial property market is continuing its strong recovery, driven in large part by a resurgence in regional markets and financed by more adventurous borrowing by investors, a juxtaposition of three new reports reveals. According to Lloyds Bank’s twice yearly Commercial Property Confidence Monitor, around three quarters of the small and medium sized commercial property agents surveyed for the report expect a  surge in activity over the next six months, led by especially strong confidence levels in Scotland, South West England, North West England and the Midlands. The results are mirrored in the latest Savills’ commercial development activity survey which found that  the UK’s commercial sector grew at its fastest rate on record during November. Meanwhile, another report from Laxfield Capital claims that investors are willing to take on more debt for new deals to take advantage of the new confidence in the market.

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Don’t be caught by surprise by the hidden costs of commercial property

by • Comment, Facilities management, Knowledge, Property

 

let-signAccording to Colliers International’s recent Global Investor Sentiment Report, 2014 will see an increase in commercial property investor confidence, with 74 per cent of UK based investors saying they were more likely to risk investing across all property sectors, although offices remain the most popular category to invest in. Yet despite this vote of confidence, it seems strange to report that the real costs involved in property acquisition and maintenance, are frequently overlooked by the purchasers. It appears that businesses often have a patchy knowledge of the range of costs involved in owning or leasing commercial real estate, which is surprising when you consider that a company’s biggest single investment next to its workforce is commercial property.

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Case study: dPOP’s jaw-dropping new offices light the road ahead for Detroit

by • Case studies, Facilities management, Flooring, Furniture, Workplace design

P1020679If you think you know what’s going on in Detroit based on the stories of the city’s financial woes and pictures of some crumbling buildings, it is worth a visit to the offices of dPOP, the two month old design firm with origins in creating the award-winning office spaces for Quicken Loans and its family of companies.The design firm’s space in the basement of a long defunct Detroit bank embodies what being from the Motor City is all about — being tough, but talented; gritty yet glamorous; fun with a funky twist.They design like they don’t care what you think — and that might just be true. Their own offices and those they created for the 11,000 workers that were moved from divergent suburban sites to the center of Detroit are bold, bright and fun. Most of all fun. But the result is spectacular.

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Latest Insight newsletter is now available to view online

by • News, Newsletter

2.Insight_twitter_logo smIn this week’s Insight newsletter, available to view online; Nigel Oseland makes a plea not to kill off the open plan office just because it has been misinterpreted; Cathie Sellars explains why Maslow continues to offer us the ideal definition of wellness and Annie Gurton says the ability to find meaning and purpose in our lives trumps financial rewards. Mark Eltringham writes: what Robert Frost can teach us about how we discuss the changing workplace and why he believes attempts to predict the workplace of the future are overwhelmingly rooted in the present. In the news; employers who struggle with “doing mobile”; high tech sector contributes to highest level of commercial real estate activity in over six years and zero-hours contracts are not the evil they’ve been portrayed.

Revival in UK commercial property driven by high tech enclaves such as Cambridge

by • News, Property, Technology

Silicon FenAs we reported recently, it’s not just technology firms in London’s creaking digital enclaves that are driving recovery in the economy and commercial property markets. The UK is home to several hothouses of innovation and talent and the cluster of technology firms and related businesses in Cambridgeshire – inevitably Silicon Fen – are contributing to the highest level of commercial real estate activity in over six years, according to a survey we reported recently from property advisor Savills. The Cambridge arm of the firm is reporting that as well as new projects, schemes that were shelved during the recession are coming back online. Now in an interview in local magazine, Business Weekly, Savills has described how the national recovery is manifesting itself in one of the UK’s high tech hotspots.

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Boom in London commercial property development, but demand still outstrips supply

by • News, Property

London cranesOffice construction in the City of London is higher than it has been for five years, according to a report from Deloitte Real Estate. The London Office Crane Survey found that there are over 5 million sq.ft. of office developments at 23 schemes in the Square Mile including major landmark and well known buildings such as the Walkie Talkie and the Cheesegrater. Elsewhere in London, development is at a 4 year high in the central area which covers the West End, King’s Cross, Midtown, South Bank, Docklands and Paddington, with 71 schemes set to create some 9.7 million sq. ft. of new commercial property.  The report claims that in 2014 alone, some 6.6 million sq ft of office developments will be complete in central London. (more…)

RICS’ new FM Guidance Note aims to improve business performance

by • Facilities management, News, Property

RICS launches guidance note to improve business performanceThe Royal Institute of Chartered Surveyors has launched a global guidance note which can help facilities and estates managers increase efficiency and drive up profits across business. The Global Strategic Facilities Management (FM) Guidance Note is aimed at facilities managers and corporate real estate professionals overseeing the running of commercial property worldwide, providing recommendations on developing, implementing and evaluating a strategic plan for the running and servicing of individual buildings and property portfolios. The note is also accessible for clients and consultants by providing them with a clear picture of the best practice methods that should be implemented in the running of buildings in order to boost organisational performance. (more…)

Latest Insight newsletter is now available to view online

by • News, Newsletter

2.Insight_twitter_logo sm

In the latest issue of the Insight newsletter available to view online; flexible working isn’t a matter of choice, but because technology has created greater opportunities for presenteeism; the Workplace Trends conference reinforces the power of place and why a quarter of UK employees are ready to jump ship. We look forward to the Workplace Week events which begin today and explain why the recent upturn in the US commercial real estate sector is set to continue. Contributor Brandon Allen says that the ownership of a mobile device doesn’t mean we all know how use it; and Philip Ross predicts that the next wave of technological change coupled with socio-economic and commercial developments will affect every aspect of our society and business.

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