Company Relocation: Relocating People & Employees

When a company relocates to new business premises, they may also relocate their employees. From time to time, companies may also be required to relocate staff to other cities or countries. This might be the result of opening a new office or trying to meet operational requirements by having enough resources in different locations. Companies need to consider the rights of their employees when relocating people. At the same time, employees need to understand conditions of their employment contract when they are asked to move.

Whenever a company relocates, employers are responsible for ensuring the rights of their employees are respected. This includes respecting the terms of any mobility clause in an employee’s contract. A mobility clause outlines the conditions and limits when an employee must move. This clause normally allows companies to force their workers to move, in accordance to the terms outlined in the clause. Employers are not required to provide compensation for employees if they relocate, unless this is identified in the employment contract. Employers must ensure that any request to move is reasonable. For example, asking an employee to relocate outside of the UK with only one day’s notice or if the move would affect the employee’s children’s education would not be considered reasonable requests.

It is important for employees to fully understand their employment contract and mobility clause, if present. Any employee with a mobility clause in their contract must move at the request of their employer unless they prove that the request to relocate is unreasonable. If proven that the move is unreasonable, the clause may not apply and the employee can request alternative arrangements. Employees without a mobility clause have the option to choose whether or not they wish to move. Continue reading “Company Relocation: Relocating People & Employees”

London Office Space Growth Areas 2015: Whitechapel

In close proximity to London’s major financial district Bishopsgate, Whitechapel is quickly rising as a prominent spot for growing businesses. Alongside this excellent locale, Whitechapel is serviced by numerous travel links. Using these links – whether taking the one of the numerous bus lines that service the area or hopping on the underground – Liverpool Street is only 6 minutes travel, while Canary Wharf is only 20. Another advantage of the Whitechapel area is that, as it is approximately three and a half miles from the city centre, the majority of it is outside the congestion area.

The current position of London office space has reached a plateau after a period of growth following a stagnant period. Confidence in the London market remains at a comfortable high, despite the general referendum occurring in 2015. However, as construction rates begin to level off, West End rental rates have begun to rise significantly. As a result of this, many new and already established businesses look to areas of London which have been previously undiscovered – such as Whitechapel. Having transport services to the city centre and other business parks as easily found as those in Whitechapel makes this region an in-demand location. Continue reading “London Office Space Growth Areas 2015: Whitechapel”

London Office Space Growth Areas 2015: King’s Cross

Despite high political tensions in 2015 as general and mayoral elections loom – and particularly as the EU referendum comes ever closer – confidence in London as a commercial hub appears to remain stable. However, construction levels are slowly coming to a standstill as projects finish and no new ones begin, causing rental rates in the West End to begin rising significantly. As such, businesses looking for commercial property in London are beginning to broaden their horizons in terms of office markets.

London office space rates remained at a steady level in 2014, with investments totalling just under £20 billion being pumped into the sector. That being said, 2014 ended with some surprises as some of London’s ‘trophy assets’ were seen to change hands – for example the famous Gherkin, which was purchased last year by the Brazilian/New York dynasty Safra. Indeed, with rental prices continually on the increase, a second surprise was seen as some of the previously more obscure sub-markets of London began to billow with success. Continue reading “London Office Space Growth Areas 2015: King’s Cross”

London Commercial Property Conferences, Events and Meetups for 2015

There is a wealth of opportunities to learn about London’s property market through conferences and other forums in the capital. These gatherings bring together practitioners, policy and decision makers, investors and others. They are opportunities to network and build relationships, while also making deals with new partners and investors.

The RICS Commercial Property Conference on 27 November 2015 provides market insight through keynotes and panels. The second edition of the conference is also an opportunity to debate macro triggers that impact property market growth. In 2014, speakers included GVA Chief Executive Rob Bould, real estate columnist Peter Bill, Legal & General Property Managing Director Bill Hughes, and Union Investment Real Estate’s Head of Investment Management International Martin Brühl. Other speakers represented leaders in the market, including Deutsche Bank, Segro, DTZ, Grosvenor and more.

The Royal Institution of Chartered Surveyors (RICS) stages a variety of conferences, seminars and workshops in London each year. Established by Royal Charter, RICS accredits some 118,000 professionals around the world. More than 50 RICS conferences and seminars are scheduled in London throughout 2015, including events that delve into dispute resolution, construction regulations, contract negotiation, and more. RICS will also organise the RICS Building Surveying Conference on 23 April 2015, the RICS Property Leaders’ Summit on 5 June 2015, and the RICS Residential Conference on 2 July 2015. To learn more about RICS conferences and other events in 2015, visit www.rics.org/uk/training-events. Continue reading “London Commercial Property Conferences, Events and Meetups for 2015”