Rallying against the ongoing economic and political uncertainties the UK faces ahead of our departure from the European Union, office investment volume in Central London in 2018 is expected to come close to £20 billion, according to international real estate advisor Savills. Performance is in line with 2017 activity London
The development contract for Wolverhampton’s new modern office space, i9, has been secured by GRAHAM. The development will provide 50,000 sq ft of Grade A office space, designed by Glenn Howells Architects. “The appointment of GRAHAM offers the next step towards this much anticipated state of the art, Grade A office
In order to help enhance railroads in the South East of England, three multi-billion pound contracts have been awarded. J Murphy & Sons were selected by Network Rail to deliver the work in Anglia, with BAM Nuttall and Geoffrey Osborne appointed to complete projects in the South East and Wessex respectively. “We
Residents of the Treseifion estate in Holyhead who live in properties owned by the Isle of Anglesey County Council will be the first to benefit from the new ATMOS® PIV (Positive Input Ventilation) systems from EnviroVent. Isle of Anglesey County Council has committed to 60 EnviroVent units on this scheme,
Longcliffe Quarries are now supplying LONGFLOOR, a groundbreaking dry powder bulk binder for the manufacture of liquid cement screeds. The LONGFLOOR liquid cement screed system has major advantages over both traditional screeds and anhydrite/gypsum flowing screeds. LONGFLOOR can be laid at ten times the speed of traditional screeds, manual handling
A business obviously has to make a profit to survive, but once a profit is being made the next goal is increasing it. If a business isn’t making a profit or barely breaking even then clearly more income is required. In both cases the remedy is to increase profit margins
SPSenvirowall, a UK leading supplier of external wall insulation, render and facades, has secured BOPAS (Buildoffsite Property Assurance Scheme) accreditation for its innovative, rain screen cladding, RendaClad for the new build and offsite construction industry. RendaClad was developed for applying a non-structural and seamless rendered rain screen system to a
Rallying against the ongoing economic and political uncertainties the UK faces ahead of our departure from the European Union, office investment volume in Central London in 2018 is expected to come close to £20 billion, according to international real estate advisor Savills. Performance is in line with 2017 activity London has witnessed notably above average levels of office take-up in 2018, Savills explains, and achieved the best ever City of London rent (£80 per sq ft). The list of global businesses committing to long term leases has continued to grow with announcements in the last 12 months from Facebook, LinkedIn and Sidley Austin amongst others. The constrained development pipeline has seen more office pre-lets over 50,000 sq ft agreed in 2018 than ever before and of late, Savills says, the shortage of available Grade A options has matured into a greater number of value add/ development opportunities trading. This has seen the return of UK REITS to the market, now the second biggest investor group in the City, and established global investors such as Brookfield and Tishman Speyer. Stephen Down, head of Central London investment at Savills, comments: “Commercial property investment volumes in London have exceeded expectation since the EU referendum as the city has remained the leading destination for global capital. Asian investors lead the way, and the pool of investor appetite has continued to spread to other parts of Asia, most notably in 2018 to South Korea (Savills advised on five of the nine deals to complete to South Korean investors in London in 2018), and elsewhere. The return of UK buyers and the appetite from global developers for London has enriched the argument that there is no better city to invest in the world today.” Savills says the level of demand for London offices offers investors liquidity in the ability to buy and sell assets when other property sectors, such as retail, are struggling. Compared to Tier One cities in mainland Europe London also appears good value with prime yields in the City (4.0%) and West End (3.25%) considerably softer than other European tier one cities (Berlin 2.9%, Munich 2.9%, Frankfurt 3.0%, Hamburg 3.0% and Paris 3.0%). Savills believes a greater number of value-add and development opportunities coming to the market and trading in London will insure the ongoing creation of the world’s best office buildings in a city where people will continue to want to work. This in turn creates new investment opportunities for global investors searching for prime assets. Rasheed Hassan, head of the cross border investment team at Savills comments: “ There is appetite from across the globe for London. Looking ahead, the correlation between the UK’s yields, currency and interest rates will remain a key driver to London’s investment market. Given where sterling is today we are seeing increased enquiries from our private investor clients in particular, who seem poised to invest in 2019. We believe that once there is more clarity on the direction of Brexit there will be more activity from many and would highlight there being a particular pent up demand from mainland European investors, who have been cautious. We are seeing demand for assets across the risk spectrum from core income to development projects.” Savills concludes that while we continue to operate in uncertain times the full health of London’s offices market should be able to absorb most shocks felt in the run up to Brexit and thereafter.
The development contract for Wolverhampton’s new modern office space, i9, has been secured by GRAHAM. The development will provide 50,000 sq ft of Grade A office space, designed by Glenn Howells Architects. “The appointment of GRAHAM offers the next step towards this much anticipated state of the art, Grade A office building for Wolverhampton. The i10 development has already proven that new occupiers are attracted to Wolverhampton and the state-of-the-art transport links of the Interchange will be a major attraction for those new occupiers,” said Steve Parry, managing director of Ion The scheme follows on from the success of the award-winning i10 complex on the opposite side of the road in the heart of the City of Wolverhampton Interchange. “Wolverhampton is undergoing a period of regeneration that is set to transform the city and attract further investment and jobs to the area. We are therefore pleased to have been appointed as the main contractor on the i9 – a significant new headquarters building that benefits from a prime location and high-spec office facilities. We look forward to working with the wider project team to deliver this new, sustainable commercial development for the city,” commented John Maguire, Regional Business Development Director for GRAHAM’s Birmingham office. Councillor John Reynolds, Cabinet Member for City Economy, City of Wolverhampton Council added: “The appointment of GRAHAM means we can look forward to i9 emerging at the heart of the city’s Interchange in 2019. It is another step towards our aspirations of creating a Commercial District in this area of the city and we want this building to become the design and quality benchmark for future developments in the city and to demonstrate our ambition for the city centre. This important site ideally lends itself to a distinctive, high-quality headquarters building.” The i9 development is expected to be completed in 2020.
In order to help enhance railroads in the South East of England, three multi-billion pound contracts have been awarded. J Murphy & Sons were selected by Network Rail to deliver the work in Anglia, with BAM Nuttall and Geoffrey Osborne appointed to complete projects in the South East and Wessex respectively. “We are excited to be part of Network Rail’s strategic partnership to deliver CP6. This award continues our long partnership with them in renewing and enhancing infrastructure throughout the UK and will give us the chance to work together and drive innovation and improvements. It was a real team effort across Murphy, and the framework will leverage our engineering and rail capabilities across our whole business. We are looking forward to getting started and delivering safely and efficiently to benefit rail passengers across the Anglia route,” said John Murphy, CEO of J Murphy and Sons. Huw Jones, BAM’s Rail Director also commented on the news: “We’re proud of the contribution we’ve made and are excited to be continuing our collaboration with Network Rail, and our supply chain, for the safe delivery of exceptional rail infrastructure. This confirmation of our continued involvement allows us to invest with confidence in developing skills, our innovation pipeline and technology. We look forward to playing our part, demonstrating BAM’s commitment to creating sustainable solutions that enhance lives – including rail passengers and the communities where we work.” The contracts are worth up £7 billion for Control Period 6 (2019-2024), involving the delivery of projects of varying value, including stations, buildings and civils, electrifications, power, signalling, telecommunications and track. “Over the last few years we have made a shift towards working more collaboratively and closer to fewer key contractors, which has allowed us to deliver major improvements for passengers successfully and safely. Given that we are delivering in some of Britain’s busiest stations and on some of the most used routes into the capital, our ability to upgrade the railway with minimal impact on passengers is increasingly important. We want to build on this success for CP6 and the relationships we have with our suppliers, and we look forward to working with them all going forward,” added Cameron Burns, Commercial Director Southern region. The CP6 framework is initially in place for a five-year period but has the option of three one-year extensions if required.
Residents of the Treseifion estate in Holyhead who live in properties owned by the Isle of Anglesey County Council will be the first to benefit from the new ATMOS® PIV (Positive Input Ventilation) systems from EnviroVent. Isle of Anglesey County Council has committed to 60 EnviroVent units on this scheme, including 35 ATMOS® loft mounted units and 25 wall mounted ventilation units, as part of the refurbishment of a number of its properties. The ventilation installations will be completed along with other upgrades to the properties which includes external wall insulation and render, replacement roof coverings, new windows and doors plus external works such as replacement paths and fencing. Not only are the units utilised on this particular planned scheme they will also be installed on responsive maintenance works and integrated also into the Council’s void properties on behalf of Isle of Anglesey County Council’s Housing Maintenance Unit. Isle of Anglesey County Council have installed EnviroVent’s Filterless Infinity Fans and its PIV units for over 5 years now on a number of properties within their housing stock of approximately 3,800 dwellings that consist of traditionally and non traditionally built houses, bungalows and flats. Terry Barton, Capital Works Team Leader for the Isle of Anglesey Council, said: “We selected EnviroVent’s ventilation systems as they have proven to be very reliable and effective in combating condensation issues and mould growth in our residents homes. We were also impressed that EnviroVent offers a 10 year full parts and labour warranty on its loft-mounted ATMOS® units.” Stephen Winstanley, Sales Manager for EnviroVent, said: “This is an exciting period for EnviroVent and we are delighted to be working with Isle of Anglesey County Council to improve air quality in their homes. The ATMOS® range has only been introduced in the last few months but has a whole range of features that make it ideal for social housing providers and private landlords.” ATMOS® by EnviroVent is the first smart range of PIV solutions with five different units available designed to improve indoor air quality and eradicate the problem of condensation and mould growth in all types and sizes of homes. All the loft-mounted products within the ATMOS® range come with a 10 year warranty, which includes any necessary repair or replacements being installed completely free of charge. ATMOS® has great connectivity as it features the new myenvirovent app, which is the first app of its kind that gives the homeowner complete control of their ventilation system at the touch of a button. The app, accessed via most smartphones, can be used to adjust boost functionality, airflow, heater and monitor filter performance. Another option with the ATMOS® unit is the facility to link to the AirSens® range of air quality sensors. AirSens® is available in three different versions to enable the occupant to monitor Carbon Dioxide levels, Volatile Organic Compounds (VOCs) or relative humidity. When AirSens® detects an increase in these levels, Atmos® reacts automatically by instantly supplying more fresh air into the property to maintain a healthy environment thus creating an improved level of air quality. For any social housing provider interested in ATMOS®, EnviroVent has its own specialist team who will survey, recommend and then install the product into an existing or new property. Residents of the Isle of Anglesey County Council properties which are upgraded to the ATMOS® ventilation units will receive energy efficiency benefits too as it enables the warmer air at ceiling level to be gently redistributed to heat the home. This can lead to a saving of around 10% of a home’s annual heating costs. EnviroVent offers a full range of ventilation solutions to the new build and refurbishment sectors. Its award-winning products are UK manufactured and can be installed by EnviroVent’s own dedicated team of nationwide installation engineers, who also provide after-sales support. For more information on ventilation solutions from EnviroVent, visit the website www.envirovent.com or call 0845 27 27 810.
Longcliffe Quarries are now supplying LONGFLOOR, a groundbreaking dry powder bulk binder for the manufacture of liquid cement screeds. The LONGFLOOR liquid cement screed system has major advantages over both traditional screeds and anhydrite/gypsum flowing screeds. LONGFLOOR can be laid at ten times the speed of traditional screeds, manual handling is avoided and a denser, more even surface and creamy smooth finish achieved. LONGFLOOR dries at three times the speed of anhydrite/gypsum based flowing screeds. There is no laitance to sand off. Contamination and blistering issues with wet concrete or cement based floor adhesives are totally avoided. This innovative product is not susceptible to cracking, crazing or curling and can be laid in wet areas. Applications include both domestic and commercial and provide good thermal conductivity over underfloor heating. It can be applied down to 25mm thickness in bays of up to 150m2. A single crew can lay 1000m2 in a day. The binder consists of superfine high purity limestone powder plus a suite of dry chemical reagents and admixtures manufactured to BSEN 13813:2002. It is made in a new state of the art factory at the Longcliffe quarry near Matlock then delivered by Longcliffe tanker to a stockist’s silo where sand, cement, water and a liquid admixture are added. Stockists are typically ready mixed concrete plants, mixer or dry leg. Delivery to customer can be from drum mix or volumetric trucks. LONGFLOOR liquid cement screed is discharged or more usually pumped in to the building, then simply dappled before applying LONGCURE, a sprayed proprietary curing agent. Longcliffe Quarries are the UK’s largest independent producer of calcium carbonate, (limestone), powders, a company with a 90 year history of quarrying and grinding high purity Derbyshire limestone. As a result of a unique manufacturing process LONGFLOOR has a certified 95% recycled content. Andy Littler, LONGFLOOR Director said: “We are very excited about this pioneering easy to use screed product. For many years the concrete industry has tried to develop a cement based liquid screed which flows well, dries quickly and is not prone to cracking. We have now achieved this. The screed industry is witnessing a sea change in favour of cement based liquid screeds and we intend to make LONGFLOOR the market leader and top performing benchmark standard”. LONGFLOOR screed is currently available to screed contractors in the North West, Midlands, South East, London, South West, Humberside and Scotland. LONGFLOOR screed is being supplied on a daily basis in these areas with contracts up to 600m3 secured. We would welcome enquiries from additional stockists who would receive full technical and commercial support from the highly experienced Longfloor team. For further information please go to www.longfloor.co.uk or phone the LONGFLOOR sales office on 01629 540284.
A business obviously has to make a profit to survive, but once a profit is being made the next goal is increasing it. If a business isn’t making a profit or barely breaking even then clearly more income is required. In both cases the remedy is to increase profit margins – but how? The simple answer is to either increase income or lower expenses – ideally both for an extra boost to margins. Lowering expenses Increase efficiency – improving stock control and cutting down on wastage can be achieved through using modern stock tracking software. Reducing waste immediately cuts expenses on re-stocking and perhaps over spending on stock that’s not required so helping profit margins widen. Good stock control systems provide intelligence about what’s selling and when, so you can focus more on products that are shifting quicker than slower moving items. Review your buying habits – are you getting the best deal from your suppliers? It pays to regularly check. Maybe buying in more bulk might reduce the overall price per item? Be careful not to overdo this though and end up with items sitting around unsold tying up money. Check you’re not paying over the odds with other items such as utilities and stationery supplies. Any savings you can make all help improve margins. Marketing costs – you may be able to reduce the cost of each sale by lowering how much you spend on getting each customer ‘through the door’. If you haven’t looked into digital marketing methods such as social media maybe it’s time you did? In general, social media and email marketing can cost much less than traditional forms such as on page advertising. Focus on existing customers – it’s far less expensive to sell to existing customers than finding new ones, so spend time actively selling to your existing customer base. Reduce overheads – perhaps consider the following: Premises – maybe you could scale back on where you do business. Perhaps you’re not fully utilizing the space you’re paying for so smaller and less costly premises might be worth considering. Staffing – redundancies are a major move in reducing overheads, but other less drastic measures can reduce costs. Outsourcing instead of hiring for certain roles could save money; no office space to provide, no pension contributions and other ‘plus salary’ costs. If someone has left perhaps their job can be absorbed by others or outsourced? Increasing profits Increase average customer spend – the classic way many successful companies maximize revenue and margins is to sell more to the same customer. Fast food giant McDonald’s has the classic “do you want fries with that?” or “go large for XX extra” as a way of making more from each sale. People spending even a little more per sale can make a huge difference to the bottom line. When factoring in Business Process Outsource for use, this will ensure the best savings. Along with offering add ons, up selling and cross selling is worth doing if appropriate in your business. Amazon do this as a matter of course by showing other items on product pages under the captions: ‘others also bought this’ and ‘you might also be interested in this’. Focus on higher margin and best selling lines – if you offer a range of products or services then maybe it’s worth focusing on those with the best margins or those that sell the best. Spending time and money in lower performing areas could be cut or at least reduced so focusing on the higher margin areas. Raise prices – an obvious move to increase margins but when did you last raise your prices? This will largely depend on what business you’re in of course, and maybe it’s a very price sensitive market you’re in, but as your costs increase you’re in effect lowering your profit margin if your prices stay the same. Overall review of service It’s worth periodically reviewing your business offering and how you provide it. By changing aspects of your service you may be able to, for example, lower overheads without compromising on the quality of your products or services
SPSenvirowall, a UK leading supplier of external wall insulation, render and facades, has secured BOPAS (Buildoffsite Property Assurance Scheme) accreditation for its innovative, rain screen cladding, RendaClad for the new build and offsite construction industry. RendaClad was developed for applying a non-structural and seamless rendered rain screen system to a timber-framed substrate. It replaces the need to build a structural masonry outer leaf that is finished with low-performance cementitious renders. RendaClad is a full façade system made up of many carefully selected components which have been rigorously tested and as an entire system makes up one of a very few BBA approved systems of its type which provides the reassurance that it will perform over the long term. The system ensures a fully ventilated and drained cavity is maintained within the wall structure, meeting the requirements of the NHBC and TRADA. The system can be applied to any wall structure, lightweight steel frame or masonry construction. SPSenvirowall is delighted that RendaClad is the first and currently only proprietary solution which has undergone the rigorous BOPAS accreditation process designed to give lenders and surveyors the assurance of the building materials utilised within a development. This has provided confidence to the market that the innovative concept has a minimum life expectancy of 60-years. This accreditation will allow SPSenvirowall to deliver its RendaClad system to offsite and modular developments, enabling the supply of a greater range of projects while providing the assurance required to satisfy mortgage lenders and their surveyors, meaning that the RendaClad system will last for a minimum of two mortgage cycles With the challenges brought by the government to build 250,000 homes per year, the demand for innovative or non-traditional methods of construction to replace poor quality and conventionally constructed homes has never been greater. BOPAS accreditation assures lenders, funders, valuers and purchasers that homes built from non-traditional means will be durable and deliver the quality required by the industry. About SPSenvirowall SPSenvirowall is a leading UK supplier of external wall insulation systems to the construction industry for new build and refurbishment applications. Supplying insulation systems, high-quality decorative renders, façades and rain screen cladding solutions, SPSenvirowall offers a value-added and integrated service to any construction project. To find out more about SPSenvirowall, visit www.spsenvirowall.co.uk or call 01535 661633. Media enquiries to Natasha Ives or Sarah Wason at SPSenvirowall on 0845 644 7081 or email natasha.ives@spsenvirowall or sarah.wason@spsenvirowall.co.uk
