Latest news with #TimArmstrong
Yahoo
13-06-2025
- Business
- Yahoo
Half of MNCs plan office expansion: Knight Frank
This anticipated growth amounts to approximately 104 million sq ft of additional office space (Photo: Samuel Isaac Chua / EdgeProp Singapore) According to a report by Knight Frank, half of corporate real estate leaders plan to expand their total office footprint over the next three to five years. This anticipated growth amounts to approximately 104 million sq ft of additional office space. The findings come from the consultancy's (Y)OUR SPACE survey, drawing from responses from over 300 corporate real estate leaders representing some of the largest international corporations globally. The report found that economic and geopolitical uncertainty is a key driver behind the expansion. In response, companies are building greater optionality into their property strategies, opting for shorter leases, more flexible formats and locations that support risk diversification and access to talent. Read also: Hines, Kanakia, Mitsubishi Estate and Sumitomo Corp JV unveil landmark office project in Mumbai 'Flexibility and resilience are vital for decision-makers in the current climate,' says Tim Armstrong, partner and global head of occupier strategy and solutions at Knight Frank. 'Corporates are committing to new space but building in flexible lease terms and options on pre-lets to remain nimble.' Workstyle evolution was also a key factor for corporate real estate leaders, according to the survey. About 30% of responses cited the shift to more flexible working arrangements as a key factor guiding their real estate strategy over the next three years. Among those surveyed, only 10% expect their employees to be present in the office for five days a week. 46% expect to follow a balanced hybrid workstyle, while the next 22% plan to be 'office first', where employees are expected to be in the office for the majority of the week. In contrast, 7% of respondents expect to be 'remote first' while the remaining 4% of respondents plan to offer a 'work from anywhere' arrangement. See Also: Singapore Property for Sale & Rent, Latest Property News, Advanced Analytics Tools New Launch Condo & Landed Property in Singapore (COMPLETE list & updates) Hines, Kanakia, Mitsubishi Estate and Sumitomo Corp JV unveil landmark office project in Mumbai US tariff shifts to drive industrial real estate growth in Vietnam and Indonesia: Knight Frank New Zealand Hotel Holdings divests portfolio of hotel assets worth $554 mil En Bloc Calculator, Find Out If Your Condo Will Be The Next en-bloc HDB Resale Flats Up For Sale, Affordable Units Available
South China Morning Post
20-05-2025
- Business
- South China Morning Post
Indonesia, Vietnam industrial property demand to rise on US-China tensions: Knight Frank
Indonesia and Vietnam could see demand for manufacturing-related real estate rise by as much as 20 per cent over the next three years as global companies redirect supply chains and capital out of China, property consultancy Knight Frank said in a report published on Tuesday. Demand for industrial real estate could rise by 15 to 20 per cent in Indonesia , led by the electronics, automotive and logistics sectors, as firms seek long-term, purpose-built facilities amid a US-China tariff war. Vietnam , a major beneficiary of China-related supply chain diversification, could experience an increase in demand for industrial real estate of up to 20 per cent, the report said, 'reflecting sustained interest from international occupiers, particularly large Chinese mainland e-commerce firms seeking logistics facilities over 100,000 square metres'. Knight Frank's projections come after China and the US last week agreed to a 90-day truce on tariffs . China said it would lower duties on US imports to 10 per cent from 125 per cent, while the US would cut its tariffs to 30 per cent from 145 per cent. 'While the temporary tariff reduction provides companies with breathing room, the 'China+N' strategy has become a standard operating model rather than just a response to tariffs,' said Tim Armstrong, Knight Frank's global head of occupier strategy and solutions. The firm added that uncertainties related to corporate relocation decisions reinforced demand for short-term leases and flexible, plug-and-play logistics parks.
South China Morning Post
20-05-2025
- Business
- South China Morning Post
Indonesia, Vietnam industrial property demand to rise on US-China tensions: Knight Frank
Indonesia and Vietnam could see demand for manufacturing-related real estate rise by as much as 20 per cent over the next three years as global companies redirect supply chains and capital out of China, property consultancy Knight Frank said in a report published on Tuesday. Demand for industrial real estate could rise by 15 to 20 per cent in Indonesia , led by the electronics, automotive and logistics sectors, as firms seek long-term, purpose-built facilities amid a US-China tariff war. Vietnam , a major beneficiary of China-related supply chain diversification, could experience an increase in demand for industrial real estate of up to 20 per cent, the report said, 'reflecting sustained interest from international occupiers, particularly large Chinese mainland e-commerce firms seeking logistics facilities over 100,000 square metres'. Knight Frank's projections come after China and the US last week agreed to a 90-day truce on tariffs . China said it would lower duties on US imports to 10 per cent from 125 per cent, while the US would cut its tariffs to 30 per cent from 145 per cent. 'While the temporary tariff reduction provides companies with breathing room, the 'China+N' strategy has become a standard operating model rather than just a response to tariffs,' said Tim Armstrong, Knight Frank's global head of occupier strategy and solutions. The firm added that uncertainties related to corporate relocation decisions reinforced demand for short-term leases and flexible, plug-and-play logistics parks.
The Star
04-05-2025
- Health
- The Star
Laos and WHO in partnership to eliminate snail fever among children
PHNOM PENH: The World Health Organisation (WHO) and Lao Health Ministry will spend RM5 million (US$1.18 million) to eliminate the parasitic disease schistosomiasis that has been affecting thousands of children in the landlocked country. Authorities will implement several measures over the next two years to interrupt schistosomiasis transmission to achieve zero cases of new locally transmitted infections in snails, animals, and humans, according to a WHO Laos media release. Schistosomiasis, or snail fever, is transmitted by parasitic worm-infected snails living in contaminated water. Symptoms of the tropical disease include stomach pain, enlarged liver, and blood in the urine or stool. Left unchecked, it can even cause infertility or bladder cancer, said WHO. The activities will be jointly funded by the China Global Development and South-South Cooperation Fund (GDF) and the Swiss Agency for Development and Cooperation (SDC). "Schistosomiasis has been a persistent challenge for many years. Despite our efforts to prevent transmission and eliminate schistosomiasis, the disease continues to affect thousands, especially children. "This new funding and collaboration will enhance our capacity and enable us to intensify our control measures and move closer to elimination,' said Lao Health Minister Dr Bounfeng Phoummalaysith. According to WHO, schistosomiasis impacts almost 240 million people worldwide. In Laos, the disease affects about 120,000 people in Champasack Province's Khong and Mounlapamok districts across 202 villages. Most school-aged children are at risk, said the statement. China's GDF will provide RM2.93 million (US$680,263) and SDC will channel RM2.16 million (US$500,590) for the project. "Schistosomiasis is an unwelcome health risk causing a range of tragic health impacts - one that we are close to eliminating. Sustained investment and commitment have meant that less than one per cent of people living in high-risk locations are infected. "But with children and adults risking infection through poor hygiene, farming, and outdoor and recreational activities, the risk to health and further transmission remains,' read the WHO statement, citing its representative in Laos, Dr Tim Armstrong. - Bernama
Yahoo
25-04-2025
- Climate
- Yahoo
Here's Myrtle Beach's summer weather outlook & ocean temperatures
Spring has started to feel like summer in northeastern South Carolina over the past few weeks. As summer tourism season begins to slowly ramp up, vacationers may be wondering what the weather and water temperatures will be like at the beach. According to data from the National Weather Service in Wilmington, NC, in April, the average temperatures take from the Myrtle Beach International Airport were 3.3 degrees above normal. 'The expectation is, as we go through late spring into summer, above normal temperatures will continue,' NWS meteorologist Tim Armstrong said. He added that based on information from the NWS's Climate Prediction Center, there is an increased chance of above normal temperatures all the way through the summer months in northeastern South Carolina. 'Essentially, it's a massively increased chance that we will run in the one-third warmest of all summers that we've experienced so far in Myrtle Beach for this summer,' Armstrong described. As for the ocean temperatures, they've remained above average too in Myrtle Beach and North Myrtle Beach. Armstrong said that in April temperatures are four degrees higher than normal, with the water measuring at approximately 70 degrees. Typically, he said the ocean waters will start to hit 80 degrees in June, and last that way through September. 'So it looks like should things continue like it is, that we'll start reaching those really tropical 80 degree surface temperatures maybe a little earlier than usual this year,' Armstrong said about the ocean's outlook. As for rip currents, Armstrong said they don't have seasonal outlooks and don't forecast them more than about three to five days in advance. Any hurricanes that may happen in the Atlantic Ocean could have big impacts on the size of the swell and likelihood of rip currents at the beach, he explained. Since Jan. 1, 2025, he said Myrtle Beach is 4.68 inches below normal rainfall. Currently, Armstrong said weather outlooks are pointing to these drought conditions remaining through May, and potentially even intensifying. However, in June, the Climate Prediction Center is showing that the Myrtle Beach region is expected to get above average rainfall. 'So hopefully, once we get more in the summer, the number of those afternoon thunderstorms will increase enough to actually offset and improve some of those drought conditions that are still existing across the area,' Armstrong said.
