NEWS In Brief
BUSINESS GROWS IN CAPITAL Offi ce space in London continued to outperform all other sectors and regions of the UK’s commercial property market during the fi rst three months of 2011, according to the latest RICS UK Commercial Market Survey. Demand for offi ce space in Greater London rose dramatically during Q1 2011, with 43% more surveyors reporting increases in demand.
AECOM LEAVES LIBYA Engineering services company AECOM has reported a 21% increase in revenue – despite leaving one of its major markets due to political instability. Aecom left Libya in the second quarter of its fi nancial year but its revenue increased to £1.9bn. However, its net income dropped 2% – from £59m to £58m. The company says it is poised for ‘continued strong performance’.
MOTT PROFITS UP Mott Macdonald increased its pre-tax profi t last year, despite the engineering group’s revenue remaining static. Pre-tax profi ts grew from £45m to £49.3m on a turnover of £1.035bn – an increase of 2%. In the UK, revenue was down, and the company has been forced to cut staff by 10% over the last two years. Uk business now only accounts for 33% of the company’s turnover – fi ve years ago the fi gure was 60%.
From April 2018 it will be illegal to rent out a house that has lower than an E energy rating, under the proposals
Rental properties to be subject to E energy rating
From next year the Green Deal will allow property
● Minister says at least 682,000 properties will have to be improved under the plan
Properties with an energy rating lower than E will become ineligible for the rental market in fi ve years’ time, the government has announced. Energy Secretary Chris
Huhne, in the second reading of the Energy Bill in May, announced that under the Green Deal: ● From April 2016, landlords will be unable to refuse ‘reasonable requests’ from tenants or local authorities acting on their behalf to carry out improvements on properties; and
owners to access fi nance to pay in advance for improvements. The money will be able to be repaid over 25 years, offset against fuel bills. The government has stated that the initiative ‘will
‘ There are far more carbon emissions emanating from the owner-occupied sector’
● From April 2018, it will be illegal to rent out a house or business property which has less than an E energy effi ciency rating. The government says this will ensure that at least 682,000 properties will have to be improved.
help the most vulnerable, as more than a quarter of a million of the worst-insulated rented homes are classifi ed as fuel-poor.’ Ian Fletcher, director of
policy at the British Property Federation, said: ‘Some will also query why the department is placing so much stall on the private rented, when there are far more carbon emissions
emanating from the owner-occupied sector. ‘ Fletcher added: ‘Regardless, it is important that
landlords start to consider whether they will be caught and have their plans ready for when the Green Deal goes live next year. The government has binding climate change commitments and landlords are party to those.’
Movers & Shakers | The latest appointments in the sector
Malcolm Wallace has returned to work at Arup after six years working independently in Africa. He joins the fi rm’s Toronto offi ce as an electrical engineer.
NG Bailey has announced Sean Wickens as a key appointment to its executive team. Wickens was formerly business development director at Carillion plc’s planned maintenance division.
10 CIBSE Journal June 2011
BHE Services (Bolton) has announced the appointment of Daniel Silcock, who will now head the company’s recently launched renewable energy services division.
Daikin UK has appointed Andrew Crown as commercial manager of its heating and renewables division. The move is part of the company’s drive to grow its domestic heating and renewables market.
Brian Price has stepped down as managing director of boiler supplier Remeha after 21 years at the company.
Mark Northcott, formerly commercial products director at Remeha, has been promoted to managing director of the boiler supplier.
www.cibsejournal.com
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