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At the start of a new decade, climate change, sustainability and the environment are climbing higher and higher on the agenda of governments, corporates and households alike. The science is now showing with alarming clarity that decisive action needs to be taken soon to avoid catastrophic and irreversible changes to the world around us. From the Australian bushfires to Greta Thunberg becoming Time Magazine’s Person of the Year in 2019 and a household name, there has never been a bigger focus on these issues. In this first post in our Smart and Sustainable Future Series, we’ll look at emissions targets over the next 30 years, how real estate can step up to these challenges, how energy infrastructure will need to change and how modelling can help break down the change.
The recent failure of one of the largest FM providers in the market has generated significant concern for customers who procure FM services. Though there has been no subsequent collapse of another major provider to date, the prevailing business and industry market conditions create ongoing operational risks for suppliers and risks to service delivery for customers. The following short form paper describes some of the challenges faced by FM providers and, importantly, the practical steps that customers can implement to mitigate risks to service delivery.
Time to put landlords and tenants on the same side
Since the demise of Woolworths, I have spent much of my career at Deloitte reviewing the store portfolios of distressed retailers. Acting for administrators I have been both a landlord and a tenant; elsewhere in my career I have represented occupiers and managed retail portfolios for investors. I have experienced the landlord and tenant relationship from all angles, and it’s a relationship which is under strain like never before.
Have the worsening market conditions finally started to take a toll on London's office construction levels?
Lowest volume of new starts in over five years
Following the three year high in construction starts reported in our summer survey (October 2018 – March 2019), we saw a 49% drop in volume in this survey. At 1.8 million sq ft recorded between April and September, the volume of new starts falls almost 15% short of the long term average and is also the lowest since our summer 2014 figures.
Construction in the North – a wealth of opportunities
The UK construction industry accounts for approximately 6% of the economy and has been a consistent source of growth over the last 50 years1. Last month, Dr Claire Handby, a Director in Deloitte’s Real Estate Consulting team, gave a speech at a Chartered Institute of Building (Women in Property) event, and spoke about the value of construction, particularly in the North of England. The construction industry provides employment for over 2 million people in the UK, over half a million in the North of England, and has experienced a 4% growth since 20072.
London’s new look density policy is dividing opinion
By Richard Katz, Deloitte Real Estate
The ‘Draft London Plan Examination in Public’ (EiP) is now in full swing, having already examined key policy topics such as good growth, strategic regeneration, housing supply and housing strategy. The hearing on 05 March 2019 saw the issue of density take centre stage, with draft Policy D6 – Optimising Housing Potential under the spotlight.
By Colin Mounstephen, Deloitte NI
The third annual Belfast Crane Survey produced by Deloitte Real Estate highlights another healthy year for our city, with 35 schemes either completed or under construction through 2018. This compares with 30 schemes under construction or completed in the 2017 survey.
As developers seek to promote comfort and safety in recreational spaces through sustainable urban development, Rachel Brown, Senior Planner at Deloitte, assesses the importance of Environmental Impact Assessments (EIA) – particularly in terms of external microclimate – in the planning stage.
The comfort and safety of users in recreational spaces is an imperative requirement for planning approval and is crucial to the success of large scale developments. As a result, EIA requires the developer of tall buildings to embark on the detailed study of external microclimate from the earliest stages of development proposals to ensure the end design is suitable within the existing urban landscape.
Intelligent Buildings and the Internet of Things (IoT) in real estate are much talked-about, and for good reason. Analyst predictions suggest that there will be over 10 billion connected devices deployed in real estate by 2020.