March 11, 2013

Hong Kong and London world’s most expensive cities for start ups

by Mark Eltringham • Knowledge, News, Property

A new report from property consultants Savills based on the total cost of setting up in business in the world’s major cities has today revealed that Hong Kong is the most expensive of the ten cities in which to locate, with London in second place and New York a close third. The total real estate cost of setting up business in all three cities is now almost three times that in the best priced world capitals, Shanghai and Mumbai. The report will be published in full on the 20^th March as The World Cities Review and includes measures of headline rent, tax and other charges.

March 6, 2013

Economic benefits of green buildings highlighted

by Sara Bean • Environment, Knowledge, News, Property

worldInHands

Green buildings can be delivered at a price comparable to conventional buildings, with investments recouped through operational cost savings and, with the right design features, create a more productive workplace, says the World Green Building Council (WorldGBC). A new report, which looked at the benefits from green buildings received by different stakeholders throughout the life cycle of a building, “synthesizes credible evidence from around the world on green buildings into one collective resource, and the evidence presented highlights that sustainable buildings provide tangible benefits and make clear business sense,” said Jane Henley, CEO of WorldGBC. More →

February 13, 2013

Net-Zero buildings top measure of sustainability success

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

the Crystal

Net-zero commercial buildings, i.e. those that produce at least as much energy as they consume should be the long-term aim of corporate energy strategies, says a CoreNet Global statement. “Smart and responsible energy policies and practices reduce corporate carbon footprints and greenhouse gas emissions, (and) we encourage our members’ companies to drive energy efficiency to optimal levels with net-zero buildings as a top measure of long-term success.” The global real estate association calls on governments around the world to incentivise building owners, investors and occupiers who proactively reduce their carbon footprints. More →

February 12, 2013

Tech and media companies continue to reshape the world’s cities

by Mark Eltringham • Architecture, News, Property, Technology, Workplace design

Tech and media companies continue to shape the world’s cities and local property markets according to a recent report from BNP Paribas. While this is a global phenomenon, some of the most dramatic developments will take place in London, not least a shift of tech firms in the city away from their heartland towards Kings Cross following Google’s $1bn purchase of 2.4 acres of land within a major new development in the area. The new development may become a hothouse for technology companies in spite of the UK Government’s focus on promoting Tech City and surrounding areas in East London. More →

February 4, 2013

Gulf construction and fit-out continues to boom, claims report

by Mark Eltringham • Architecture, Furniture, Knowledge, News, Property

The total value of building projects in Gulf Cooperation Council states will exceed $80 billion this year according to a new report from dmg::events* in conjunction with consultancy Ventures Middle East. The survey concludes that this year will see a near one fifth increase in the overall value of projects up from nearly $69 billion in 2012 to $81.6 billion in 2013. Meanwhile the interlinked market for interior contracting and fit-out in 2012 was valued by the report at $7.86bn – a 56 per centincrease on 2011. The UAE continues as the the region with the largest interiors spend ($2.83bn), followed by Saudi Arabia ($2.6bn) and Qatar ($1.49bn). More →

February 1, 2013

We shape the World’s cities, then they shape us

by Mark Eltringham • Architecture, Environment, Knowledge, Property

The story of the world’s cities is often told not in words but in numbers. This is especially the case with the megacities – those with a population in excess of 10 million – which obtain enough critical mass not only to produce eye boggling statistics but also to distort the fabric of whole regions and change the way people live and behave. This is true for the established megacities of London, New York and Tokyo as well as the emerging global metropolises in Sao Paolo, Beijing, Mumbai, Shanghai, Cairo and Istanbul.

January 31, 2013

A Field Guide to Workplace Terminology

by Simon Heath • Comment, Facilities management, News, Property, Technology, Workplace design

As the ecosystem around the workplace industry grows ever more complex, so too does the language we use to describe it. In an attempt to bring order to chaos, guest writer Simon Heath presents here a glossary of terms, acronyms and abbreviations to help you navigate these linguistic waters. (For example Business Intelligence – A commonly used oxymoron.) For more of Simon’s worldly, wise and witty writing on all things work and workplace related, visit his blog at https://workmusing.wordpress.com.

January 31, 2013

New York state of mind to increase building energy efficiency by 20percent

by Sara Bean • Environment, Facilities management, Lighting, News, Technology

Build NY

In one of the most ambitious green initiatives in the United States, New York Governor Andrew Cuomo has issued an Executive Order directing state agencies to increase energy efficiency in state buildings by 20 percent in seven years. He also announced Build Smart NY, a plan to strategically implement the Executive Order by accelerating priority improvements in energy performance. The largest and most inefficient buildings will be addressed first and undergo comprehensive whole-building improvements, including new lighting fixtures and controls, heating, ventilating and air-conditioning systems and automated energy management systems. More →

January 25, 2013

Deadline to nominate Northern Ireland building design prowess

by Sara Bean • Architecture, Environment, News, Property, Public Sector, Workplace design

belfast_thumb edited

Today (25 January) is the deadline to nominate Northern Ireland’s most remarkable developments in land, property and construction. The RICS (Royal Institution of Chartered Surveyors) Northern Ireland Awards will present accolades for Community Benefit, Building Conservation, Regeneration, and Design and Innovation at an awards ceremony in Riddel Hall, Queen’s University Belfast on 10 May. The scheme is open to anyone working within the property profession, and will celebrate the talents of surveyors, developers, engineers, planners, architects and others.

January 25, 2013

London’s West End now most expensive office location in World

by Mark Eltringham • News, Property

London’s West End has overtaken Hong Kong’s Central district as the world’s costliest office location according to a new report from property consultancy DTZ. The annual occupancy cost per workstation in the West End was stable last year at $23,500 (£14,900) but moved from fifth to gain top spot as costs in Tokyo, Hong Kong, Dubai and Paris fell. Three weeks ago we reported that firms were migrating from the West End to London districts such as Clerkenwell and Shoreditch to take advantage of lower costs and pools of talent in new industries. More →

January 22, 2013

Europe’s commercial property investors opt for safe cities

by Mark Eltringham • News, Property

German cities dominate the investment prospects for Europe’s commercial real estate sector as investors favour safe havens according to a new report – Emerging Trends in Real Estate Europe 2013. Munich tops the league table followed closely by Berlin in second place and Hamburg in fifth position, with investors taking comfort from each of the cities’ strong local micro-economic climate and resilient property market conditions. London, which is seen by many as Europe’s safest investment, is the largest riser in this year’s report taking third position. More →