Circular Lighting Report’s Post

Optimism is high in the construction industry, according to the latest survey by Deloitte. 92% of developers said their London development pipeline will increase or stay the same in the next six months. Only 8% are expecting a reduction in their pipeline – this was 55% two years’ ago. With a reduction in traditional office space, Life Science schemes, which need laboratory and office workspaces, have been responsible for 35% of new construction starts, especially in King’s Cross and Docklands. The findings, which were collected between April and September this year, noted the recent cut in interest rates and the easing of construction cost inflation could be crucial in boosting new scheme numbers. Although refurbishment levels are lower than the past three surveys, this is expected to increase as offices need to meet the Minimum Energy Efficiency Standards. All in all, a cautious optimism in the London office market is most certainly welcome news.

Optimism is high in the construction industry, according to the latest survey by Deloitte. 92% of developers said their London development pipeline will increase or stay the same in the next six months. Only 8% are expecting a reduction in their pipeline – this was 55% two years’ ago. With a reduction in traditional office space, Life Science schemes, which need laboratory and office workspaces, have been responsible for 35% of new construction starts, especially in King’s Cross and Docklands. The findings, which were collected between April and September this year, noted the recent cut in interest rates and the easing of construction cost inflation could be crucial in boosting new scheme numbers. Although refurbishment levels are lower than the past three surveys, this is expected to increase as offices need to meet the Minimum Energy Efficiency Standards. All in all, a cautious optimism in the London office market is most certainly welcome news.

Aaron Morby details the growing trend towards #retrofit vs full redevelopment, which highlights the whole life #carbon cost consideration, that's often overlooked. These retrofit projects within in the #SquareMile reflect a broader trend towards sustainable, modernised office spaces that prioritise energy efficiency, occupant well-being, and flexible work environments. By incorporating green technologies, innovative design elements, and advanced building systems, these retrofits aim to transform existing office buildings into vibrant, eco-friendly workplaces suitable for the evolving needs of businesses and employees in London's financial district as opposed to full demolition and rebuild. Arcadis's expertise in sustainable building retrofits is characterised by our innovative design solutions, comprehensive sustainability strategies, project management excellence, energy modelling capabilities, and integration of renewable energy sources. By emphasising the use of low carbon materials and alternative energy technologies, we strive to lead the way in transforming existing buildings into energy-efficient, environmentally friendly structures that align with modern sustainability standards in the property sector. Reach out for more information on our case studies, where we can advise and how we can increase the value of your investments. #retrofit #decarbonisation #futureproof #realestate #sustainability

Melbourne’s Central Business District (CBD) is poised for revitalisation with the introduction of premium-grade office buildings boasting Green Star and NABERS Energy ratings, according to recent research by national property valuation firm M3 Property. The study reveals that Melbourne currently has 234,593 square metres of premium-grade buildings under construction, with an additional 57,810 square metres at the site preparation stage and 85,665 square metres in the pipeline for future construction with permits approved.

✨ 5 Tips for a Successful Refurbishment Project ✨ Planning a refurbishment project? Whether it’s an office, educational facility, industrial site, or another commercial space, these tips will help ensure success: 1️⃣ Define Your Goals: Clearly outline what you want to achieve—whether it’s improved functionality, better aesthetics, or upgraded facilities. 2️⃣ Set a Realistic Budget: Account for all costs, including materials, labour, and a contingency for unexpected expenses. 3️⃣ Choose the Right Team: Work with experienced professionals who understand your vision and can deliver on time and within budget. 4️⃣ Minimise Disruption: Schedule work in phases or during quieter periods to ensure your operations continue running smoothly. 5️⃣ Focus on the Future: Invest in flexible, sustainable designs that can adapt to your needs as your business or organization evolves. 🏗️ With over 20 years of experience and 350+ successful projects, Form has transformed a wide range of spaces across London and the Southeast. Whatever your refurbishment project, we’re here to help bring your vision to life! 📩 Contact us or visit our website to learn more! info@formfitout.co.uk https://lnkd.in/d2E8-S5Z #Refurbishment #Workplace #Transformation #FitOut #Experts #Commercial #Construction #Tips

Commercial Real Estate Firms – As your client’s trusted advisor, we know it can be a challenge to balance costs and allocate expenses across a project. From labor and asset management to installation, Perdue provides the most comprehensive solution on the market, enabling you to streamline projects, consolidate services, and ultimately deliver strategic savings to your clients. Perdue's 3:1 solution powered by our sister companies Suddath Workplace Solutions and Phase Integration, will add value to your design journey, helping you balance costs and allocate expenses across projects. See how our tri-company powerhouse helped The Energy Authority complete a bi-coastal renovation project using their existing assets plus new furnishings. Watch Video Case Study: https://hubs.ly/Q02W8r9x0 #CommercialRealEstate #ProjectManagers #InteriorDesign

Refurbishment projects can be transformative when done right! Whether it’s an office, school, or industrial space, these 5 tips will help you plan a successful project. Contact us or visit our website to find out more!

Transforming office spaces into residential units is a sustainable choice. However, Architecture, Engineering, and Construction (AEC) inspections are crucial to lower risk and protect ROI. Engaging an AEC team early on in these adaptive reuse projects offers key benefits: 🔍 Avoid Costly Surprises: Identify structural, mechanical, and design issues upfront. 💰 Financial Viability: Ensure accurate budgeting and cost management. ⚠️ Risk Mitigation: Detect potential problems early for smoother execution. This proactive approach enhances financial viability and project success. #Sustainability #AdaptiveReuse #RealEstate #AEC Read more: https://ow.ly/AzTI50SkXto

Fit-out Firms Face Tough Times in July In recent news, the construction sector witnessed significant upheaval as fit-out firms faced severe challenges in July. Three specialist firms were among the biggest casualties, highlighting the difficulties currently plaguing this vital component of our industry. But what exactly does a fit-out firm do? Essentially, fit-out firms are responsible for transforming the interior spaces of buildings to meet the specific needs of occupants. This includes everything from installing partitions, ceilings, and flooring to fitting out spaces with the necessary electrical and mechanical systems. Their work ensures that commercial, retail, and office spaces are functional, aesthetically pleasing, and ready for use. Fit-out firms are indispensable to the construction sector. They bridge the gap between the structural completion of a building and its readiness for occupancy. Without their expertise, buildings would remain shells, unable to serve their intended purposes effectively. These firms also play a crucial role in helping companies adapt to evolving business environments by reconfiguring spaces to enhance productivity, meet regulatory requirements, and support sustainability initiatives. A recent report sheds light on the average fit-out costs in various cities across Britain and the globe. Zurich, London, and Edinburgh top the list as the most expensive cities in Europe for fit-out costs per square metre. This is primarily due to higher labour costs in these markets. As companies navigate these financial challenges, they must also consider their environmental, social, and governance (ESG) objectives. The need for fit-outs that align with these objectives is becoming increasingly paramount. Balancing cost pressures with ESG goals is no easy task. However, the growing availability of detailed and reliable data is proving to be a game-changer. This data helps businesses manage these competing demands more effectively, ensuring that their fit-out projects are not only cost-efficient but also sustainable and socially responsible. At DCT Recruitment, we understand the critical role fit-out firms play in the construction industry and the unique challenges they face. As specialists in construction sector recruitment, we are committed to supporting these firms by connecting them with the skilled professionals they need to thrive in these turbulent times. If you're looking for top talent or seeking new opportunities in the fit-out sector, get in touch with us today. Together, we can build a resilient future for the construction industry. #Construction #FitOut #DeliveringCareersTogether

A great article from Aaron Morby at Construction Enquirer as City of London planners have given the green light to two major office refurb jobs (St Magnus House & 1 Old Jewry) as efforts to upgrade working in the #SquareMile continues to ramp up. The emphasis on sustainability certifications such as WELL Platinum, NABERS 5*, and BREEAM Outstanding reflects the growing trend in the construction industry towards eco-friendly and energy-efficient buildings to meet increasing environmental objectives. The refurbishments aim to revitalise the urban landscape of the City of London Corporation by introducing new public areas, outdoor terraces, and green spaces, which is clearly now a "must-have" within the London and wider development market as opposed to the previous "nice to have"... By incorporating features like riverside views, roof terraces, and modern amenities, these projects aim to create enhanced work environments that prioritise employee well-being, productivity, and sustainability in line with evolving workplace trends. These refurbishments highlight the architectural innovation, sustainability focus, urban revitalisation, collaborative efforts within the construction industry, and the drive towards creating modern, sustainable work environments as key aspects of the London office market. #construction #development #commercialrealestate #london https://lnkd.in/e52E4Z8e