Upgrade for flagship city centre office scheme as prime space stays in short supply

October 30, 2015
By

Specialist commercial property investment manager Orchard Street has completed a £400,000 refurbishment project at showpiece office scheme 10 Templeback following the property’s acquisition for £58.6m in June.

The refurbishment, which includes a striking new entrance to the 124,000 sq ft Grade A waterfront office building, pictured, follows three significant lettings totalling 23,400 sq ft earlier this year and comes as available prime city centre space continues to dwindle.

The arrive of engineering consultancy Mott Macdonald, property advisers Colliers International, and the business outsourcer ADP leaves just under 43,000 sq ft of office space available over part ground, part first and second floors, at a quoting rent of £29.50 per sq ft.

Since acquiring 10 Templeback, Orchard Street has created a new entrance to the reception and has extended and remodelled a ground floor office suite, providing it with a self-contained entrance and double height atrium.

The refurbishment cements the building’s credentials as one of Bristol city centre’s premium office locations. Further works in the pipeline include the installation of additional bicycle storage and showering and locker facilities in the property’s basement.

Jamie Munday of Orchard Street said: “Templeback has enjoyed great success this year with a string of quality lettings to a diverse range of businesses. This latest capital investment has served to further enhance the building’s appeal to both current tenants and potential occupiers looking for high quality offices in Bristol’s core business district, at a time when supply of new Grade A space continues to diminish.”

Alder King and Cushman & Wakefield are acting as joint letting agents on behalf of Orchard Street for the remaining accommodation in 10 Templeback.

 

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