BIFM Energy Guide
The British Institute of Facilities Management (BIFM) has published the “Energy Audits Good Practice Guide” which provides practical guidance for facilities management professionals. The guide presents good practice for some of the important energy management procedures ranging from developing an energy policy to deciding which improvements to make. It enables facilities managers to compare the results of an energy audit with good practice in both energy use and energy related procedures in order to manage their organisation’s energy costs. FM professionals can access the guide on the BIFM global website and can use practical tips and considerations for improving their energy use, manage energy costs and protect the environment.
Raising the Bar
A RICS research report has revealed that facilities managers across the globe share a need to prove the value of facilities management (FM) to Board level Directors and to establish their role as a strategic and essential business function.
The global report “Raising the Bar: City Roundtables”, calls for innovative new dimensions of measurement to prove FM’s effectiveness and its impact on productivity and profitability. This will give facilities managers the tools they need to engage with business leaders around the world, who are currently too often divorced from and uninterested in FM. This is due, in part, to facilities managers being denied access to board level. The research found these barriers, which prevent the practitioners from ‘acting more strategically’, consistent across both geographies and industry sectors.
The report considers previous recommendations and surveyed FM professionals across six continents and 12 economically different cities where they identified challenges to the profession answered by recommendations to the FM market. The recommendations highlighted the need for FM professionals to work with business leaders to continue develop qualified facilities managers, define professional standards, and encourage organisations to ‘think and act’ strategically.
Trends & Opportunities
FM professionals utilize multiple disciplines to ensure functionality of the built environment by integrating people, place and process. Around the world, the industry continues to advance to new levels of importance, as the built environment grows more sophisticated. In keeping with the new developments, International Facility Management Association (IFMA) and CB Richard Ellis (CBRE) have released white paper on “Facility Management Trends and Emerging Opportunities”. The report provides invaluable insight into FM opportunities that will shape the industry for decades to come. It offers insight across three subject areas:
• Leading the Conversation – Expanding the scope of subjects with which FM is involved. Showcasing FM relevancy and impact in areas such as business continuity, corporate social responsibility initiatives and employee wellbeing.
• Speaking the Right Language – Relaying FM opportunities and challenges in ways that resonate with the C-suite.
• Building the Future of FM – Directing the advancement of people, processes and systems to advance the profession in the long term. Identifying talent, building integrated systems that connect data from disparate resources and cultivating agility to meet continuously changing business and culture.
Organized retail real estate growth in India
According to CBRE’s latest report “India Retail Market View H2 2013”, the second half of last year witnessed an increase in demand for quality retail space in Delhi NCR, Pune and Chennai. The total organized retail supply in 2013 stood at approximately 4.7 million sqft, witnessing a strong y-o-y growth of about 78%. Most of the supply in 2013 was concentrated across Tier II cities. However, 2014 is likely to witness supply addition in the key hubs of NCR and Mumbai. Prominent global players expanded their presence across the country’s leading cities, while retailers in the luxury and bridge-to-luxury segments were particularly active, making inroads into the country’s market places.
Going forward, the limited availability of quality retail space in core locations is likely to pose a greater barrier to new retailer entry in a number of key markets – including Delhi NCR, Mumbai and Bangalore – as opposed to prohibitive rentals. Because of such constraints in quality supply, select developments are likely to witness greater than average increment in rentals because of retailer preferences for such spaces.