Work is set to begin in 2020 on a major new office block within the Bristol Temple Quarter Enterprise Zone.
Tristan Capital Partners’ real estate opportunity fund, EPISO 5, has completed the acquisition of a 1.3-acre site at 4 Glass Wharf, with plans for a new 19,500sq m office block over nine floors.
The development is a joint venture between Salmon Harvester Properties and NFU Mutual, while London-based developer Candour Group is leading the creation of the new building. Construction is set to commence in the middle of this year, with completion anticipated in mid-2022.
The site is located within the Bristol Temple Quarter Enterprise Zone, which is next to Bristol Temple Meads Station. It is also close to the University of Bristol Quarter Enterprise Campus, the PricewaterhouseCoopers offices, Grant Thornton, Natwest, Hargreaves Lansdown, Bank of Ireland, Simmons & Simmons, OVO Energy and HMRC.
Nicho Jenkins, managing director at Tristan Capital Partners, said: “This development provides EPISO 5 with an opportunity to deliver a state-of-the-art Grade A office building in the established new business district of Temple Quay in Bristol’s city centre. The project fits our strategy to develop offices in low-vacancy, supply-constrained markets in the UK."
Toby Pentecost, co-founder of Candour Group, said: “We are confident that this will be a fabulous and much-needed addition to the city centre – it will deliver a best-in-class workspace for thriving businesses, with sustainability, occupier wellbeing, connectivity and design quality at its heart.”
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