SIOR has conducted a survey of its European membership to assess the outlook for the office and logistics markets. The survey considers supply, demand, and rental growth for prime space, as well as the opportunities and challenges highlighted by our respondents. Other themes include the impact of technology and respondents’ business focus for 2024.
We would like to thank Daniel Francis, Head of Research at our sponsor Carter Jonas, who led this report and the SIOR members across Europe who shared their valuable insights.
SIOR’s Global President David Lockwood SIOR will be in attendance accompanied by Robert Thornburgh SIOR FRICS, SIOR’s Chief Executive Officer.
They will be supported by SIOR colleagues:-
We encourage you to bring a colleague who may be interested in learning more about SIOR.
The Grenache Cannes Wine Cellar (previously Vallauri’s Cave à Vin) is located at 10 Rue des Halles behind the Marché Forville, Cannes’s local food & flower market, just a short walk from the Palais des Festivales.
On behalf of Andrew Smith SIOR FRICS, President of the SIOR European Chapter and the members of the European Chapter leadership, we wish you all a very Merry Christmas and a healthy and prosperous New Year!
This year’s Christmas card shows a small selection of our members in action: networking, doing business, making friendships and overall enjoying our unique culture while taking our chapter from strength to strength.
The New Year will bring new faces and new exciting opportunities. 2024 will also be a special year in view of our bi-annual highlight, the 4th SIOR International Conference in Berlin. Register now to make use of the early-bird rate and keep an eye out for all upcoming events and we look forward to seeing you there.
In the meantime, we wish you a joyous festive season in the hope that those suffering will also find peace and comfort from our continued support and prayers. .
We call upon our members and affiliates to join the CREW Initiative in supporting diversity in the Commercial Real Estate profession. Sign the CEO-driven pledge to advance women and DEI in the Commercial Real Estate Industry. For more information scan the QR code provided below.
We are pleased that some of our SIOR Europe members are already part of CREW Network, including Anna Tsartsari, Paul Danks SIOR FRICS and Matthew Leguen de Lacroix SIOR FRICS.
The SIOR Europe Chapter AGM will take place virtually on Teams at 4pm BST and 5pm CEST on Thursday, 16th May 2024.
This year we hold the meeting on line and with members in over twenty countries, we hope that most of you will be able to join on Teams. Click for the SIOR ERC AGM Notice & Agenda
ON-LINE REGISTRATION IN ADVANCE IS REQUIRED. The link to the event will be sent by separate email, only to those who have registered, closer to the date.
MIPIM – The World’s Leading Property Market
12-15 March 2024 – Palais des Festivals, Cannes, France
MIPIM brings together the most influential players from all international property sectors, offering unrivalled access to the greatest number of development projects and sources of capital worldwide. This unique environment provides exceptional networking, showcasing and commercial opportunities for property advisors, developers, regional authorities, investors and corporate end-users.
SIOR members may benefit from SIOR’s delegate stand rate.
Contact events@sioreurope.com for further details or to find out more about adhering to SIOR.
Welcome to MYOB Series – London!
You are cordially invited to our 7th Mind Your Own Business (MYOB) Event on 25-26 April 2024. MYOB has become the Business Generation Flagship of the European Chapter and London will be no different.
Exclusive for members only, however, partners and guests are welcome to the optional and social activities.
EVENT HIGHLIGHTS
Psychology & Pricing – Stickier Fees Win More Business
Exclusive Members Only Seminar on Fee Pricing by David Abbott.
David is an expert on the psychology around pricing. He wrote the amazing How to Price Your Platypus and he is one of the leading 99 global thought leaders on pricing. Educated at Oxford, David has run businesses from startups to UK brands of global distribution companies.
He currently works directly with businesses on their pricing, achieving dramatic improvements in profitability. Frequently gaining accolades such as ‘the best speaker we have ever had’, David uses his engaging style and infectious enthusiasm to introduce audiences to simple ways to present their prices in a way that makes higher prices stickier.
Guided site visit at the Battersea Power Station and a presentation of the new the scheme 50 Electric Boulevard being launched.
The SIOR Europe Chapter AGM will take place virtually on Zoom at 4pm BST and 5pm CEST on Thursday, 28th Septemer 2023.
Registration is necessary. Please email admin@sioreurope.com for further details.
The formal part of the meeting will be immediately followed by a fireside chat with incoming SIOR Global President David Lockwood SIOR and our very own Chapter Administrator Liana Toumazou. Please stay with us online following the adjournement of the meeting.
SIOR Europe supported CUBE initiative shows UK office market could be saving 3 million tonnes of carbon annually.
SIOR Europe pledged its support to CUBE over a year ago as it entered the UK office market for the first time. Well established in France, it is the first major initiative to use gamification to tackle energy wastage in commercial buildings and improve landlord and occupier engagement to deliver results. We pledged our support, endorsing it and helping to spread the word.
It announced its first year results in an award ceremony last night. Here are the highlights:
Using an innovative approach to bring landlords, building managers and occupiers together, CUBE has mobilised participants to reduce energy consumption through changing behaviour – the logical first step to net zero. The inaugural year of the competition featured 30 participating buildings, ranging from grade II listed buildings to iconic skyscrapers like the “Walkie-Talkie” and the “Cheesegrater”. At its awards ceremony, hosted in partnership with Nuveen Real Estate and BNP Paribas Real Estate at 70 St Mary’s Axe, it unveiled impressive total savings.
Applying these savings to the circa 860 million sq ft of office space across England, for example, the UK, a staggering £3.8bn a year in energy costs could be saved, not to mention nearly 3 million tonnes in carbon reduction.
At the event, awards were given for buildings in the Historical data category, where they were challenged to compete against their own past energy consumption. The winning building at 40 Holborn Viaduct, owned by Nuveen and managed by BNP Paribas Real Estate slashed 38.8% of its energy. The iconic 20 Fenchurch Street owned by H Properties and managed by Savills snagged second place ,while XLB’s The Tootal Buildings managed by Ashdown Phillips came in third place.
Awards were also given in the AV league, which focuses on newly built or refurbished buildings, and which looks at absolute value, whereby building are given an absolute energy budget based on UK Green Building Council Office Energy Intensity Targets. The Frames owned by Workspace came out top, followed by RO’s GNR8 and The Howard de Walden’s Estate’s head office at 23 Queen Anne Street.
With the first year of the competition concluding, the results produced some interesting findings. The expectation was that large buildings would do significantly better, but medium-sized buildings stole the spotlight saving 18% annually, compared to 12% for large sized buildings.
Another surprising result was the BREEAM-certified buildings still had a large capacity for energy savings, with a substantial average energy saving of 22%. In all, the average energy intensity of CUBE buildings before the competition was 262 kWh/m², but after the competition, this reduced considerably to 215 kWh/m². While significant, buildings across the UK will need to continue their efforts to meet UK Green Building Office Intensity Targets of 90 kWh/m2 by 2030.
Finally, CUBE can reveal that buildings in Manchester achieved outstanding energy savings, with an average of around 20%. One Victorian building in Manchester stands out by making a significant contribution to these impressive savings, highlighting the potential for energy-efficient transformations even in Grade II listed buildings.
Further key stats:
Matthew Leguen de Lacroix, Head of Business Development EMEA, said: “We knew how successful CUBE had been in France and so when we were asked to endorse a UK version of the competition, we didn’t hesitate. SIOR is all about promoting best practice and driving the real estate sector to perform at the highest levels. We’re delighted to see such brilliant results in just 12 months and hope this galvanises more landlords and occupiers to get involved in season two.”
Mark Bruno, Chief Ambassador of CUBE, said: “Real estate contributes a disproportionate percentage of worldwide carbon emissions, but despite the industry’s best efforts, the latest Savills research still indicated that 39% of global carbon emissions still come from the sector, with operational emissions alone accounting for 28%. Our goal was to galvanise the industry into taking stronger action, using the tried and tested tool of gamification. By encouraging participants to adopt the spirit of competition, they strive to reduce the carbon footprint of their commercial buildings, while also coming together to share experiences and successes. The competition’s first year has delivered some impressive results, and we’re delighted that so many big names from across the real estate world jumped at the opportunity.”
The second season of CUBE is already in process with an ambition to show the collective impact of 100 buildings, old, new, refurbished or listed across the UK. If you think your workplace or that of someone you know should take part, get in touch with the CUBE team.