February 23, 2018

JLL and CBRE Appointed for Budapest ONE Business Park

JLL and CBRE have been appointed to lease Budapest ONE Business Park, which is an iconic office development project developed by Futureal Group in Hungary. Both advisors will be cooperating on a co-exclusive basis on the office complex. Budapest ONE Business Park will be located next to Etele square, an

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James Gibb Residential Factors Makes New Appointment

Euan Haggerty has just been appointed by James Gibb Residential Factors as Finance and Acquisitions Director, as the firm seeks expansion into the Edinburgh, Glasgow, and Aberdeen markets. Euan is a Chartered Accountant and associate member of the Association of Corporate Treasurers and he comes with a wealthy experience, having

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Fingerprint Technology to Test for Drug Use

The construction industry will now benefit from a simple, end-to-end drug testing solution based on fingerprint sweat analysis. Intelligent Fingerprint is bringing new levels of convenience, hygiene, and speed to employee drug testing. The new system features an initial screening test that works by analysing sweat from a fingerprint to

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UK Construction Week Focuses on Diversity

The UK Construction Week (UKCW) has created a new guide that promotes equality, diversity, and inclusion. Media 10, the show organisers, have worked with a new committee that included representatives from all parts of the industry, such as Balfour Beatty’s senior planner and LGBT Network co-chair, and the Group HR

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Work Starts at Milton Keynes Development

Construction work on the sports pavilion at the Willow Lade development in Milton Keynes has officially started. The sports pavilion of part of Taylor Wimpey’s planning obligations for the overall site to provide the local areas with a community sports facility. It will include outdoor sports pitches, changing rooms, a

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Latest Issue
Issue 323 : Dec 2024

February 23, 2018

JLL and CBRE Appointed for Budapest ONE Business Park

JLL and CBRE have been appointed to lease Budapest ONE Business Park, which is an iconic office development project developed by Futureal Group in Hungary. Both advisors will be cooperating on a co-exclusive basis on the office complex. Budapest ONE Business Park will be located next to Etele square, an ideal location next to the exit of M1-M7 motorway, the Kelenföld Metro 4 stop, the regional train station, and the regional and local bus stations. The first phase of this project will contain nearly 25,000 square meters of offices for rent and 2,600 square meters of commercial and service unit. It will also provide significant green space and underground parking space with 480 parking lots. The work is expected to be finalised by the second half of 2019. “We appreciate the assignment and I am glad that along with our expert team we have won the trust of the building’s owner. Our office portfolio has expanded with such a great addition that it can accommodate the needs of those tenants who are looking for a pleasant but not downtown location where modern services are easily accessible by the employees. Based on the strengths of the building and our professionalism, we are confident that we will successfully fill up the office spaces,” commented JLL’s head of office leasing, dr. Péter Würsching MRICS. Judit Varga MRICS, Head of Advisory & Transaction Services, Offices at CBRE also added: “We are delighted to be part of this fantastic development and advise the landlord on the leasing of this project. Considering its location and architectural design of the office park, it is a unique building in the submarket. There is a huge potential to contribute growth of this part of the city in addition to encouragement of business life. Therefore, we expect significant result of deals from this assignment.” Futureal Group has become the first property developer in Europe to receive the WELL Building Platinum Precertification™ at the same time for three of its office building projects including Budapest One Business Park. The office complex has been designed and will be operated to make a positive impact on employees’ health and wellbeing. Currently there are 34 WELL Precertified office buildings worldwide.

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James Gibb Residential Factors Makes New Appointment

Euan Haggerty has just been appointed by James Gibb Residential Factors as Finance and Acquisitions Director, as the firm seeks expansion into the Edinburgh, Glasgow, and Aberdeen markets. Euan is a Chartered Accountant and associate member of the Association of Corporate Treasurers and he comes with a wealthy experience, having held previously the role of Finance Director at Miller Developments, a commercial property development business, and worked within corporate and operational finance roles at The Royal Bank of Scotland. “Euan is a fantastic addition to our board and I am delighted to welcome him to the team. He brings significant experience in terms of operational finance and will play a key role as we continue to seek merger and acquisition opportunities. I look forward to working together as we grow the business and continue to provide a first class service to customers,” said Douglas Weir, Chief Executive of James Gibb and Director of James Gibb’s parent Company, Strathspey Capital. “This is an exciting time for our industry where consolidation of existing factoring businesses will lead to improved resources and enhanced technological ability which will result in an enhanced customer service package,” he added. James Gibb Residential Factors is a trading name used by James Gibb Property Management Ltd and it focuses only on property factoring. This way, the business is able to concentrate all of its efforts into providing a first class service package to its customers, based on the good, honest, and traditional family values instilled by generations of the Gibb family since 1872. Since it changed its ownership in 2012, James Gibb has positioned strategic offices in Aberdeen, Edinburgh, and Glasgow, from which they deliver services that maintain the company’s core values: Integrity, Performance, Quality, and Clarity. James Gibb Property Management Limited is owned by Strathspey Capital Limited.

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Fingerprint Technology to Test for Drug Use

The construction industry will now benefit from a simple, end-to-end drug testing solution based on fingerprint sweat analysis. Intelligent Fingerprint is bringing new levels of convenience, hygiene, and speed to employee drug testing. The new system features an initial screening test that works by analysing sweat from a fingerprint to determine if an employee has recently used cocaine, opiates, amphetamines or cannabis. Sample collection takes only five seconds, with simultaneous screening results for all four drug groups provided in just eight minutes. If an employee tests positive, then the tester would use the Intelligent Fingerprinting’s Fingerprint Collection Kit for Laboratory Analysis to collect samples for a confirmation test. The Kit contains everything required to securely send the collected samples to the testing laboratory, including a tamper-evident security bag, barcodes to maintain anonymous sample identity and a postage-paid returns envelope. “Under the Health and Safety at Work etc Act 1974, construction firms have a duty to ensure, as far as is reasonably practicable, the health, safety and welfare at work of their staff, so an effective employee drug screening and testing service should be a critical element of any workplace drug policy,” said Dr Paul Yates from Intelligent Fingerprinting. He also suggested that a laboratory confirmation test should always be carried out in the case of someone testing positive. The laboratory will then provide the customer with a quantitative laboratory result in the form of a Certificate of Analysis. “With our non-invasive system, which combines the portable reader with the simple one-touch drug screening cartridge, and the unequivocal results offered with our Fingerprint Collection Kit for Laboratory Analysis, construction firms can enjoy all the benefits of fingerprint-based drug testing and be confident about the end-to-end reliability of their process,” added Dr Yates. Intelligent Fingerprinting’s portable Drug Screening System was launched in August 2017 and it is a non-invasive, fast and cost-effective system that screens for multiple drug groups simultaneously (currently amphetamines, cannabis, cocaine and opiates), with sample collection taking 5 seconds and results in minutes.

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UK Construction Week Focuses on Diversity

The UK Construction Week (UKCW) has created a new guide that promotes equality, diversity, and inclusion. Media 10, the show organisers, have worked with a new committee that included representatives from all parts of the industry, such as Balfour Beatty’s senior planner and LGBT Network co-chair, and the Group HR and diversity manager at Willmott Dixon. “We have benefited enormously from the input of many diversity champions and leaders within the construction industry over the last couple of years, and have published the videos from our Diversity in Construction panel discussions so that others can hear their advice as well,” explained Nathan Garnett, director of UK Construction Week. UKCW’s new guide sets out an exhibitor code of conduct that encourages companies to consider the mix of staff and representation present on their stands. It also covers issues such as the clothing worn by promotional staff and the activities available on stands. Nathan argued that the UKCW has always promoted diversity in its conference platform, however, this time they chose to look at the exhibition as well. “I think UK Construction Week can play a pivotal role in highlighting those who are making great strides in balancing out inequality in our industry, to demonstrate best practice and to inspire others. We should use this event as a celebration and an opportunity to challenge ourselves to make that commitment to achieving minimum requirements and demonstrating on-going progression.” Aaron Reid, head of sustainable procurement at Balfour Beatty, advised people in the construction industry to join together “to ensure that a career in construction is considered an attractive option and that we grow to become representatives of the communities in which we operate.” The UK Construction Week will house over 670 exhibitors and nine shows, all taking place at the Birmingham NEC from the 9th until the 11th of October.

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Work Starts at Milton Keynes Development

Construction work on the sports pavilion at the Willow Lade development in Milton Keynes has officially started. The sports pavilion of part of Taylor Wimpey’s planning obligations for the overall site to provide the local areas with a community sports facility. It will include outdoor sports pitches, changing rooms, a small indoor sports area, and a place for the local community groups to meet. A ground breaking event to mark the launch of the development took place and The Mayor of Milton Keynes attended it as well. The design and the planning process received engagement from the local town council, local Residents Association, and Milton Keynes Council, to ensure the building offers the very best facility for the residents of Newton Leys. The work is due to be completed by September this year. “We are delighted to be working on this scheme. The new build will offer an excellent facility for the local community, and will act as a focal point for its users who are in need of a useful and practical space. Clegg Construction has a long history in the construction of community-based buildings, and we look forward to handing this one over later this year,” said Tim Walker, construction director of Clegg Construction, the contractor building the sports pavilion. Taylor Wimpey will be investing over £12 million in the local community under the Section 106 agreement with Bletchley and Fenny Stratford Town Council. The investment includes almost £1.6 million going towards a nursery and primary school and £3.3 going towards public open spaces. “We are so pleased to be starting the construction of the Sports Pavilion in Newton Leys. The facility will be a very welcome addition to the other provisions at the development. Willow Lake not only provides residents from around Newton Leys with a great selection of homes, but it also offers ideal commutable routes into Milton Keynes,” said Colin Radford, technical director at Taylor Wimpey South Midlands.

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