Agents appointed to market premium Temple Quay office space

February 26, 2016
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The Bristol offices of property consultancies JLL and Alder King have been instructed to market vacant space in city’s newest office building, the showpiece 2 Glass Wharf at Temple Quay.

The 100,000 sq ft, £40m building was developed speculatively by Salmon Harvester and NFU Mutual last year.

Accountancy giant PwC has taken 28,000 sq ft with global building consultancy group Arcadis having taken almost 17,000 sq ft – leaving 45,000 sq ft of office space available for let in a market that has very little grade A space available. A further 10,000 sq ft on the ground floor will be for other uses such as retail.

Salmon Harvester Properties director Rorie Henderson said: “It has been a busy six months at 2 Glass Wharf with PwC occupying their new South West HQ in August, and leading global property design and consultancy firm Arcadis signing for a floor of the building in December.

“Having let 50% of the office space we are really pushing for more deals in 2016 and have introduced JLL as joint leasing agent with Alder King. Our aim is to invest further in Bristol in the near future with new buildings on the plots we own next door.”

JLL Bristol director Ian Wills added: “We are delighted to be appointed alongside Alder King on such a prestigious building, the newest and best office space in the city.

“The remaining floors could provide a home for companies with 50 to 500 staff, who are looking at being close to Temple Meads station and in the mix with a large selection of blue-chip companies and a whole host of public sector bodies. They also have the opportunity to benefit from the financial incentives associated with being in the Enterprise Zone.

“The Temple Quarter area is undergoing some big changes with major investment planned in a new arena, new homes, the reconfiguration of Temple Meads station and the wider infrastructure network with fast, electric trains to and from London in the pipeline. It really is exciting times for the area and the city of Bristol with these changes set to only add to its appeal.”

Last December Salmon Harvester and NFU Mutual announced they had increased the rent on the vacant space to £30 per sq ft – a record for Bristol and a clear indication of the severe lack of grade A space in the city centre. PwC had agreed a rent on its space of £28 per sq ft.

 

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