In a wonderful sign of the way cycling is becoming the future preferred mode of transport for commuters, the central Glasgow 96,250 sq ft New Exchange development features more than 4,000 sq ft of high-quality basement cycling facilities, including 108 cycle spaces, 108 lockers and 12 showers, for its 700-odd employee capacity.
“We think we can make more money through our sustainability strategy, not less,” says managing partner Basil Demeroutis. “We sell it as a feature, and hope to attract a more interesting mix of tenants, willing to pay higher rents and buy into the lifestyle the building represents”.
In a survey of 1,000 workers, British Land, one of Europe’s largest publicly listed real estate investment trusts, found 39% of all employees want somewhere to park their bike at work, a figure that rises to 50% among millennials. Also, 53% of employees want showers and lockers to use after they have run or cycled to work.
Cycling UK, the national cycling charity, says, ‘employers should recognise the health, environmental and economic benefits of promoting the use of cycles for commuting and work purposes.’