Colston Tower, the landmark 15-storey office building which dominates Bristol city centre, has been sold by the HSBC Pension Fund for £7.6m to two London-based property development companies. Development Securities, an investment and development company, will have a 75% stake with recently-formed Ellandi holding 25% of the building, which...
Boston Tea Party, the Bristol-based coffee shop chain launched by serial entrepreneur Giles Clarke, has opened its ninth outlet. The group, which started in 1996, has restored and renovated the 700-year-old Grade I-listed former George Inn in Salisbury, creating 20 jobs. Managing director Sam Roberts said: "We are thrilled...
Bristol’s Temple Quarter is already reaping benefits from this month's decision to grant it Enterprise Zone status, according to property agents. Commercial property specialist Simon Price says inquiries for space in award-winning waterfront office building The West Wing off Avon Street have increased since the news was announced. “There...
Now is a good time for commercial property tenants to renegotiate rent and other lease terms, claims Chris Dawson, commercial lease specialist at Colliers’ Bristol office. He said: “When a property lease is approaching its expiry the capital value of the investment diminishes due to uncertainty over the projected income stream. For this reason we...
The strength of the demand for commercial property near the M5 has been underlined by national commercial property developer Gladman Developments which is describing its Portis Fields business park at Portishead as ‘a dream’. The company, which builds office parks close to motorway junctions all across the country, has just one...
The hoped-for spring bounce in the South West’s housing market failed to occur during May, as fears over the economy and lack of mortgage finance continued to depress activity levels, according to the latest RICS UK Housing Market. The average number of completed sales per surveyor fell in the...
Bristol bucked the national trend in office take-up during the first quarter of this year with an impressive performance, according to property consultants Knight Frank. Take-up for the UK’s 11 key regional cities outside the South East was down 14% on the 2010 quarterly average while in Bristol it rose...
One of the UK’s leading providers of medical repatriation services, Bristol-based Wings Medical Group, is calling for linguists to come forward to help meet rising demand from all over the world. At any time of the day or night staff at Wings Medical Group’s Brislington office might be called upon...
Manufacturing revolution to be launched Airbus parent group EADS and GKN Aerospace will on Tuesday announce a new research and development collaboration project aimed at developing revolutionary, sustainable manufacturing technology. The launch will take place at EADS’ Composite Structures Development Centre at Filton where Airbus and GKN have their...
Bristol councillors have welcomed the possibility of the city being home to the Government’s Green Investment Bank after Energy and Climate Change Secretary Chris Huhne declared Bristol was a “strong contender”. City council assistant executive member for sustainability Neil Harrison said: “It is natural that it should come to...
