Demolition work is under way on the derelict former Royal Mail sorting office, marking the start of the £300 million University of Bristol Temple Quarter Enterprise Campus.
YTL bought the Filton airfield in 2015, with plans to build a new city district around the two-mile runway, where both Concorde and the giant 1950s airliner, the Bristol Brabazon, were developed.
With an area of 10ha, the three interlinked hangars are one of the largest continuous footprints in Europe, and could fit London’s O2 Arena inside.
The firm is currently appointing a design team for the project. Once designed, the scheme will be presented as a detailed planning application in summer 2019. If successful, YTL is committed to building an arena in the city by autumn 2022.
Plans for the central Temple Island site were set to one side in September 2018, following the ‘value for money’ report requested by Mayor Marvin Rees, in the face of spiralling costs.
The two-hectare site will instead be home to a mixed-use development of a 345-room hotel, 550 new homes – including 220 classed as affordable – and two ‘grade A’ office buildings.
Property consultancy firm JLL has predicted more than 2,000 new build-to-rent apartments could be created in Bristol by 2021.