Export news in brief: London, offices, productivity, Europe

Export news in brief
Export news in brief

UK workers claim to be less productive than other European countries

UK workers believe that over 36% of their time spent at work was unproductive.

This is according to research gathered by employee engagement and consumer insights experts Qualtrics, which found that all other European workers rated themselves as more productive than those in the UK.

For British business owners and managers these figures are worrying. In light of recent rises in national living wage and other government cuts affecting many businesses, it is important now more than ever, for staff to be as productive as they can be within working hours.

Global investment in London’s office market remains strong

Global capital investment into London’s office market remained strong in the traditionally subdued first quarter, with a total of £3.5 billion invested in the first three months of the year.

According to CBRE, a global real estate advisor, total investment volumes were down 14% in Q1 following a particularly strong end to 2015, but remained on a par with the first quarter of last year. Following this strong start to 2016, CBRE projects investment volumes will be more subdued in Q2, as some investors delay decision-making in the run up to June’s EU referendum, but expects volumes will rebound in the second half of the year, as long as Britain remains in the EU

There were 43 transactions in Q1, the lowest number since 2010, but the highest number of large deals above £100 million in value in any comparable quarter since CBRE records began in 1985.

The market continues to be dominated by international investors, who were involved in 67% of all transactions, down from 71% in Q4 2015. Overseas buyers accounted for more than £2.4 billion of investment, with many taking advantage of the weak pound and lower competition over prime locations. In March, London retained its status as the most popular EMEA destination in CBRE’s Investor Intentions Survey.