David Bowman’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.

‘Give us used lights for our new office’, says JLL Top property manager JLL is on the hunt for for high-quality used materials including luminaires which could be used in its new headquarters at One Broadgate in London. Fit-out firm Overbury put out a plea for the pre-loved items on social media because it says a key objective of the work is the reduction of embodied carbon.  ‘Together with JLL, we're tackling this head on by sourcing existing high-quality materials from commercial grade offices and construction sites,’ says Overbury ‘Applying ambitious circular procurement strategies to minimise embodied carbon and give valuable resources a second life.’ It says that cross sector collaboration between original equipment manufacturers, contractors and subcontractors, occupiers, developers and landlords is key to making the circular economy a reality. The team is evaluating all types of materials including electrical items, structural elements, architectural finishes and mechanical elements. JLL signed an agreement for lease for 134,000 square feet at Broadgate, EC2, British Land’s 32-acre campus adjacent to Liverpool Street Station.   1 Broadgate will become JLL’s flagship UK office and this commitment is part of the reimagination of its workplace strategy. • Read more: Link in the comments • The Circular Lighting Report is powered by Recolight

Recent analysis by CoStar News reveals a stark contrast in London’s office construction trends. Construction starts for large buildings are on the rise, while starts for smaller buildings have fallen to record lows. This shift suggests developers are betting on expansive, high-capacity offices as the sector continues to adapt following Covid-19. You can read the full article here: https://ow.ly/gW9l50SBFWV

Pegasus Group targets Bristol growth with new city centre office 🏙️📈 Multidisciplinary development consultancy Pegasus Group has opened a new office in the centre of Bristol to help drive strategic growth in the South West. The new office location at St Brandon’s House, Great George Street provides a prime base for the growing Pegasus Group team. Building on the industry-leading reputation of its Bristol North office, the city centre team will be expanding the consultancy’s offering across all levels and disciplines. Pegasus’ new city centre office will spearhead the Group’s plan to capitalise on significant growth opportunities in Bristol and the South West. With a first-class reputation in the region, Pegasus Group’s new central Bristol base will bring the full range of its multidisciplinary offering into the heart of the city, with a particular focus on delivering planning, landscape, urban design, and transport & infrastructure services. Continue reading... https://lnkd.in/ecWAq4kz #growth #city #property #strategy #construction #commercialproperty #bristolnews #bristolhour #businessnews #businessintelligence

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

Developers willing to tackle Edinburgh’s dearth of prime office space in 2025 will be best placed to capitalise on an impending surge in demand, according to property services firm JLL.

Europe’s construction sector is on the path to recovery according to Bain & Company. Falling interest rates, government investments, and rising demand for sustainable spaces are driving growth. Swipe to learn the key market forecasts for 2025-2027 across infrastructure, office, and residential construction. #Europe #Construction #Growth

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!

Sustained growth in London building upgrade activity has lifted office construction to a record high in the first three months of 2024. “The desire for premium office space as well as the implementation of energy standards has powered projects centred on modernising outdated premises. This inclination to opt for refurbishment is a trend we foresee enduring over the next decade." https://lnkd.in/eVk4Q2bV

Despite an unsettled economic environment, high labour and material costs, shifting working patterns and increased building regulations, investment in both the refit of existing space and fit out of new space has continued to remain strong, writes Turner & Townsend's Nitesh Patel. What is driving the fit-out boom? Find it in Construction Management magazine #FitOut #Workplace #OfficeLayouts