Search Results for: real estate

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

C4G1T6London’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…)

The latest issue of Insight is now available to view online

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Europe’s commercial property investors opt for safe cities

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…)

Green retro fitting a ‘best bet’ for 2013

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Refurbishing existing buildings to new standards and turning them into good green assets has been identified as one of the best bets for the property sector in the year ahead, according to new research from the Urban Land Institute and PwC. The survey of industry leaders across Europe found the move to ‘reactivate assets’ – refurbish good properties with green credentials – is taking hold. Sustainable properties are increasingly commanding higher rents and values, as governments move to force companies to increase building’s energy efficiency and reduce their environmental footprint.

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Workplace transformation strategies are an essential element of CSR

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Adopting 21st-century workplace practices that meet the needs of employers and employees is an important form of Corporate Social Responsibility (CSR), according to a new corporate real estate (CRE) industry advocacy statement by CoreNet Global. The report finds the nature of work is “changing dramatically, transcending the traditional definitions of productivity to include the concepts of enabling work, employee engagement, employee satisfaction and employee wellness, framed around an emerging ‘work-life support’ business model.” (more…)

The latest issue of Insight is now available to view online

If you don’t already subscribe to our weekly newsletter – Insight – please join the thousands of workplace professionals, facilities managers, real estate experts, suppliers, service providers, architects, designers and specifiers from around the world who do by filling out your name and email on the right. Or see the latest issue here.

JLL’s CEO new Chairman of the UK Green Building Council

Jones Lang LaSalle’s Andrew Gould has succeeded Dan Labbad, Group CEO of Lend Lease, as Chairman of the UK Green Building Council. He takes up the position at a time when business leaders are increasingly focused on the need to show leadership on climate change and recognise the opportunities for green growth in the UK. The UK Green Building Council is an industry-led campaign group, part of a global network of Councils that are active in over 90 countries worldwide. (more…)

Appetite for long leases presents challenges

The news from the weekend that Axa Real Estate is looking to raise around £1bn  to invest in buildings with very long leases has resparked the debate into what sort of lease represents the best value for investors and tenants in these uncertain times. The new fund will target commercial properties with minimum twenty year leases even though investors have to pay a premium for such properties and the majority of occupiers don’t want them. (more…)

Regional slump responsible for overall UK property fall

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The New Year starts with news from Chicago based property broker Jones Lang LaSalle that investors spent some £ 30 billion on  income generating property in the U.K. during 2012, about 9 percent less than in 2011. However there was a marked disparity between the London market and the rest of the UK. London deals totaled £18 billion in 2012, the highest figure for four years, while purchases outside the capital reached 12 billion pounds, the lowest amount over the same period. (more…)

Global office market to stabilise during 2013

JakartaA new report from consultants Cushman and Wakefield has predicted that the global commercial real estate market will stabilise over the next twelve months and, in some areas of the world, may enjoy a degree of growth.  While acknowledging wide regional variations, the report claims that there are some clear global themes that can be identified, not least in the ongoing growth of markets in Asia. Significant growth is not expected in the majority of regions until 2014 and beyond.

More young workers take on second jobs to deal with cost of living

More young workers take on second jobs to deal with cost of living

New research suggests that a growing number of younger workers in the UK are turning to second jobs as they struggle to manage everyday living costs.New research suggests that a growing number of younger workers in the UK are turning to second jobs as they struggle to manage everyday living costs. According to a poll from Boostworks, more than half of Gen Z workers and over 70 percent of Millennials are exploring ways to supplement their income, with many already taking on additional work outside their primary employment. The findings, based on a survey of 5,600 working adults, highlight the scale of financial strain facing the workforce, particularly among younger generations. (more…)

Sustainability and wellbeing yet again key themes of South West BCO Awards

Sustainability and wellbeing yet again key themes of South West BCO Awards

Seven office developments across the South of England and South Wales have been recognised as the region’s most outstanding workplaces at the annual British Council for Offices (BCO) AwardsSeven office developments across the South of England and South Wales have been recognised as the region’s most outstanding workplaces at the annual British Council for Offices (BCO) Awards. Among the winners were three Bristol-based projects, highlighting the city’s growing reputation for innovative, inclusive and sustainable office design. The awards ceremony, held at We The Curious in Bristol, celebrated excellence in office design, fit-out, and environmental performance. With a strong emphasis this year on ESG (Environmental, Social, and Governance), wellbeing, and inclusivity, the judges praised the winning projects for their forward-thinking, occupier-focused approaches. (more…)