Register
 (photo: Danesman)
24.02.2021, 12:58

Is HSBC Jumping the Property Gun?

Real Estate, Financial & Professional Services, Coronavirus (COVID-19), Corporate Real Estate

Kas Mohammed, VP of Digital Energy at Schneider Electric UK & Ireland, comments on a recent announcement committing HSBC to halve its office space.

 

The pandemic has permanently transformed the world of work, forcing us all to rethink our ideal working environment.

 

Whilst HSBC and other companies are feeling pressure to downsize their real estate, is the bank's commitment to reducing its real estate portfolio entirely rational?

 

The most likely future of work is a highly flexible hybrid model, where employees can choose whether they work from home or an office on given days. While this system may require less dedicated workspace, it does demand a change in how current offices are designed and utilised.

 

If businesses are hoping to see staff return to the office for the long term, wellbeing and engagement will be crucial. Companies must invest in safety, but also provide tangible benefits to going into the office - from greater personal environment control to training and collaboration. Creating a safe, comfortable, and productive workplace will be fundamental to any working model.

 

Integrated technology undoubtedly provides the key. We are no longer strangers to smart technology – indeed, a quarter of us use a smart speaker at home. To meet the demands of tomorrow and create a healthy, sustainable and productive office, it’s time we brought connected tech into the workplace.

 

 

Article rating:

vote data

Leave a reply

Escalator at Tower Gateway DLR station in London. (photo: Chris McKenna)
News Editor  - 23.03.2021

Lift and Escalator Maintenance at London DLR Stations

PropTech provider WeMaintain has signed a four-year contract with KeolisAmey Docklands (KAD) for the provision of lift and escalator maintenance solutions to all London Docklands Light Railway...

Members of the express testing team. (photo: ABM Industries Inc)
News Editor  - 23.03.2021

Partnership to Support UK Covid-19 Express Testing

ABM has partnered with Cignpost Diagnostics to provide 250 trained team members to service the manpower needs at COVID-19 testing sites at Heathrow, Gatwick and Edinburgh airports.

Holding a mirror up to the industry: Jeff Dewing, Cloudfm CEO. (photo: Cloudfm Group)
News Editor  - 31.03.2021

Exposing Widespread FM Failures in the UK

A potentially explosive book by Cloudfm CEO, Jeff Dewing, contains allegations of widespread corporate failings in the UK's £120 billion market for facilities management services.

Mike Winter, managing director of MIW Water Coolers. (photo: Made Blue)
News Editor  - 22.03.2021

Saving Plastic and Lives

On World Water Day, Dutch charity Made Blue and MIW have launched a water fountain offering UK consumers the option to donate 75p via a QR code to clean water projects in developing countries.

 (photo: Spie UK)
News Editor  - 19.04.2021

High Voltage Switchgear Contract

Merseytravel, the strategic transport advisor to the Liverpool City Region Combined Authority, has awarded SPIE UK a new contract for the supply and installation of replacement high voltage...

 (photo: Michael Taylor)
News Editor  - 16.04.2021

Leeds Relocation Contract

Commercial relocation specialist Business Moves Group (BMG) has been selected to deliver a relocation contract by Leeds Building Society, the UK's fifth largest building society which dates from 1875.