High-end London offices are more desirable than ever

Knight Frank’s recent London Report 2019 isn’t as gloomy as might be expected. Despite the impact of Brexit and political uncertainty, London has retained its place as a desirable home for investment. In 2018, more than £16bn of commercial property was transacted in the city, said Knight Frank; more than any other global city. 14.8m sq ft office space was let in 2018, the highest level since 2014.

Underpinning the continued success of London’s commercial market is the clear flight to workplace quality demonstrated by office developers and tenants in recent years. In the race to recruit talented staff, employers are using the workplace as a shop window; to demonstrate their digital prowess, the care they take of staff and their environmental commitments.

The drivers behind quality

In terms of digital prowess, many businesses are keen to reflect the UK’s leading position in sectors such as fintech and legaltech. These high-growth businesses are seeking to develop at scale in London and require workplaces that are highly digitally enabled. Tech companies will continue to increase their share of the office take-up market, looking for the locations and high-end amenities they need to grow.

Staff wellbeing has come to the fore in recent years. Gyms and cycle facilities, for example, are now expected while some employees go further with the addition of yoga studios and cafes that focus on healthy food. Businesses are choosing to create spaces that support the mental wellbeing of staff, focusing on natural light, biophilic design and spaces to relax. Today, the workplace is viewed as a tool to boost staff productivity.

Both society and the government are pushing environmental concerns towards the top of a business’s agenda. Any new or refurbished office must now display a commitment to a lowered carbon footprint, using materials and technology that will reduce utility use.

Quality sits alongside flexibility

Crucially, businesses are proving willing to pay higher rents for the best quality workplaces that offer the best possible solutions. The growth of space-as-a-service is driving up quality even more; the increasing competition between providers of flexible space means that businesses expect a higher level of quality for the higher rent that they will pay.

Even those businesses that opt for a traditional lease of their own front door are seeking workspaces that offer flexibility, according to Knight Frank. Agile working environments, which allow employees to work in a variety of settings according to the task in hand, are dominating. The line between open plan and cellular offices is blurring as occupiers demand more innovative uses of space; moveable walls, small pods for private calls and open spaces where people can brainstorm ideas.

Quality has always been the differentiator between gaining and losing an office tenant, but now more than ever businesses of all levels are aspiring to higher end. This can only be good news for those looking to invest and develop inspiring, innovative workspaces.

Time to alter today’s crippling stamp duty

London’s residential market has been crippled at the knees. The impact of stamp duty introduced by George Osborne that almost ground the industry to a halt has now been compounded by Brexit and General Election stagnation. If the new government – whatever form that government might take – doesn’t take steps immediately, London risks losing its status as a desirable place to live and invest.

In October, the Centre for Policy Studies, an influential thinktank, published a report that “stamp duty on homes is a tax on mobility and aspiration” and called for drastic cuts. Interestingly, the thinktank is headed by Alex Morton who was responsible for housing and planning under David Cameron.

The report suggests that abolishing stamp duty on homes under £500K, along with reducing other rates sharply, would dramatically boost housing transactions and spur new housebuilding. It proposes reducing stamp duty on homes costing £500K to £1m to 4% and to 5% for those above £1m.

Morton created the report in reaction to the fact that house price growth is now at its lowest level since September 2012, according to the Land Registry. If more homes are transacted, developers will be spurred on to build new homes. If more people are encouraged to buy and sell their homes, the residential market will recover to its formerly prosperous levels and the whole economy will benefit. Though the government would earn less from stamp duty, this would be counterbalanced by earnings from greater transactions overall.

However, the report does suggest paying for these stamp duty cuts by placing a levy on non-resident overseas buyers of an extra 3% to help pay for the cuts. Theresa May called for this move earlier this year and a consultation has been carried out. The danger here is that many prime residential properties in London are acquired by foreign owners, providing valuable income for the economy.

The architecture we love most in London

The Lloyds Building

London’s architecture gets more diverse each year. Not only does the city have an incredible set of historical buildings, but over the centuries developers have added prime examples of all architectural periods.

Today, the city is welcoming cutting edge design from architects around the world. Here’s our take on a few of the most impressive buildings from the last few decades. The list could be endless, but it gives a flavour of the influences we draw from on for our projects.

Westminster Tube Station

Westminster Underground Station

We’re specifically talking about the deep-level station, which involved the deepest ever excavation in central London to make way for the Jubilee line platforms. It finally opened nearly 20 years ago in December 1999 and commuters have been marveling at the engineering excellence ever since.

In 2015, Londoners voted the station to be one of their top ten transport design icons. It is certainly one of the more pleasant stations to use, providing a far more modern experience than other stations with its use of concrete and stainless steel.

The Shard

Love it or hate it, it’s hard to talk about London’s architecture without mentioning The Shard. Europe’s tallest building dominates the city’s skyline, towering over other notable skyscrapers such as the Walkie Talkie the Cheese Grater.

The viewing gallery has been drawing visitors in their thousands and the office floors are finally filling up. Though the building isn’t to everyone’s taste, there’s no doubting The Shard’s impact on its surroundings.

London Aquatics Centre

Built for the London 2012 Olympics and designed by Pritzker Prize-winning architect Zaha Hadid, the London Aquatics Centre is impressive both inside and out. On the inside, swimming in the 50-metre pool underneath the vast roof gives a unique experience while on the outside, the swooping roof almost defies logic.

Another reason we love the building is its flexibility. The floor of the pool can be moved to alter its depth while moveable booms allow its size to be changed. Flexibility is highly desirable in today’s architecture.

Tate Modern

Tate Modern

The transformation of a disused old power station into one of the world’s most renowned art galleries has been impressive. It takes real vision to turn such a solid piece of architecture into such an eye-catching facility.

The new wing, added in 2016, extended the existing structure in such a way that has made the building more iconic than ever. It was billed as the UK’s most important new cultural building since the British Library and has panoramic views of the city.

The Lloyd’s Building

Designed by Richard Rogers, The Lloyd’s Building in the City of London took eight years to build. Set in such a historic location, the building has had a real impact with its theatrical central atrium and escalators.

For 1986, the concept of putting ducts, vents and stairwells on the outside rather than hidden away was groundbreaking. It’s no surprise that The Lloyd’s Building was recently awarded Grade I listed status.

The requirements of today’s workplaces

Workplaces are very different to even a decade ago. Irreversible societal change has altered what we want from our workspaces while technology has given us all the ability to work wherever we want, whenever we want.

As a result, the design and fit out of offices has changed entirely. Go back ten or 20 years and a high-end workplace would feature a luxurious boardroom with polished wooden floors and sleek sliding doors. While elements such as these are still important, they fall far short of what today’s office dwellers require.

The following are three workplace requirements that are now paramount in designers’ and occupiers’ minds. This is where the world of work is heading.

Future-proofed connectivity

Today, connectivity is everything. Fibre-optic cables need to be squirreled away in every wall and floor cavity to ensure that today’s digitally-focused workers can get the job done.

Crucially, both excellent wifi and mobile signal are essential, the latter being more problematic to achieve. Modern buildings are often constructed to be as sustainable and efficient as possible, but the better the building keeps heat in, the more it will keep mobile signal out. Landlords and developers must now consider installing technology to bring that mobile signal inside.

As technology develops, such as the emergence of 5G, this will become more important. Placing connectivity as a paramount concern now will ensure that the building is future-proofed as new ways to communicate emerge.

The domestication of the office

As office technology has crept into the home, driven by our ability to work anywhere, the home is now creeping into the office. A modern workplace would not be complete without comfortable breakout areas such as a fully functioning kitchen, comfortable chairs and generally more space to relax than would have previously been included.

Design elements from the home are also making inroads into the workplace, generally turning them into more hospitable environments. For example, biophilic design brings in a sense of nature that is increasingly recognised as important to our ability to relax.

Presenting choice

Today’s most successful workplaces offer staff choice about where they work. The working day often requires different environments – a place to collaborate, a place to have a formal meeting, a place for concentration.

This type of design is often called agile or activity-based working. It is based on the principle that different people operate best in different settings, so to ensure everyone is as productive as possible they need to be able to choose where they sit.

The best workspaces also provide places for people to engage with each other, to make sure there is enough serendipitous bumping into each other that allows for idea swapping. If communication is improved between people and teams, that’s when the real work can be achieved.

The latest tiles adding a luxury finish to a super prime home

Gone are the days when tiles faded into the background. For several years now tiles have been used to accent a room, provide a focal point or add a layer of luxury. The range of styles has increased hugely in the past decade as producers cater for different tastes and the myriad of influences that interior designers draw from.

We’ve worked with design and tile specialists in many of our super prime developments to select the right tiles for each property and room. The following are a few of the tiling trends we’ve come across that have stood out.

Tiles around the house

Tiles are no longer confined to kitchens and bathrooms in the UK. More and more homeowners are following styles that have prevailed in other countries, such as tiling in living rooms and bedrooms.

A feature wall can be created in tiling instead of paint, contrasting against wallpaper. Some people even choose to create a headboard for a bed from tiles. For those with practicality in mind as well as style, tilling is a wipe-clean alternative to carpet or paint.

Tiles with textures

Tiles are no longer either smooth or with a rough stone effect. Many designers are playing with textures, creating waves or patterns using carefully planned indents.

Those looking to create a more architectural appearance might use 3D tiles to add a sense of movement. Or those looking to add a subtle piece of detail to a neutral room could choose a textured tile without ruining the minimalist look.

Laying tiles in a pattern

Today, tiles are not always laid in a straight pattern. Homeowners are choosing to create a pattern on the walls with tiles, such as the ever-popular herringbone pattern. This is particularly eye catching on the walls of bathrooms and kitchens.

Many designers believe that laying tiles diagonally will make a room look bigger. This technique could make even the tightest of en suites seem more spacious.

Tiles with a pattern

Tiles with patterns have become a firm favourite, particularly the Moroccan and Spanish patterns that are still growing in popularity. More historical colours are feeding through, bringing a sense of nostalgia to a room.

A growing trend is mix and match; using the same style and shape tile but with varying patterns. This adds an artisan look to a room, perhaps even handmade.

Concrete tiles

Brushed concrete has taken the super prime world by storm, offering a chic finish to a modern room. We are now seeing a growing range of patterned concrete tiles enter people’s homes, providing a contemporary statement finish.

Calpe House: A beautiful restoration to create a charity’s flagship facility

Calpe House

Calpe House was a unique project for Mayer Construction and a privilege to work on. Though our team works across a wide range of super prime properties, it’s not often that we get the chance to create a new residence to act as the heart of a respected charity. At the end of our endeavours, we had restored the Grade-II listed property on Norfolk Square to its former glory.

The Calpe House Charitable Trust is a Gibraltar charity, run by the Gibraltar government, that brings ill residents to London for treatment, such as chemotherapy. These people would otherwise not be able to access the vital healthcare they need, as there are fewer provisions in Gibraltar and the cost of moving to the UK is often prohibitive.

Calpe House acts as a convalescent home for these people and therefore needed to offer a high standard of care. We were tasked with restoring the highly run-down property into a modern, comfortable building that reflects its heritage.

Restoration work

This was no easy task. Built around 1880, Calpe House had fallen into significant disrepair. The original stone staircase had collapsed and many original features were almost lost to poor care. However, as a Grade-II listed building, gaining planning permission to modernise the property took close negotiation with the council throughout.

Mayer Construction began restoration work in the summer of 2017 and finished in July 2018, within the parameters of a very strict timeframe. By balancing the needs of the client, the council and the architect, we were able to create a beautiful modern building that not only celebrates its history but provides the modern facilities that the resident patients need.

A notable success was the restoration of the original stone staircase and ceilings. We called in specialists to create the staircase, which was lowered into place section by section using a niko rail despite the site’s restricted access. Adding three lift shafts to the property also required close negotiation with neighbours, as well as road closures.

Overall, the client is extremely happy with the property, which opened as a convalescent home in July 2018. Its inauguration was attended by the Governor of Gibraltar, highlighting its prominence in Gibraltar’s healthcare programme.