Refurbishment work on major office building nears completion as market mounts strong recovery

October 14, 2021

The delayed multi-million pound refurbishment and expansion of a major Bristol office building is on course to complete later this year to meet growing demand for prime space in the city centre.

Formerly called South Plaza and now rebranded as 360 Bristol, the 107,000 sq ft building, pictured, overlooking the St James Barton roundabout is undergoing a wholesale repositioning, including adding  a further 44,000 sq ft of open plan office space and a range of wellbeing amenities. 

The eight-storey office building was acquired in 2019 by London-based investment group Melburg, which had planned to complete the work a year ago. 

Due to delays caused by the pandemic, it will now be finished in the final quarter of this year, delivering what Melburg has called a fully serviced, as-new grade A complex with a full suite of unrivalled amenities, making it a unique product within the Bristol office market.

The refurbishment is focused on transforming the building, which has a prominent full-height curved atrium, to create light, bright, open plan floor plates with an exposed services finish.

The scheme will also provide a stunning re-modelled entrance and reception area with associated break out zones.

Other market-leading amenities will include a café/business lounge, exceptional internet connectivity, a fully serviced gym, spa facilities, bicycle access and storage with showers, changing and drying facilities. 

Joint letting agents Alder King and Knight Frank are marketing the building, whose previous occupiers included the Soil Association and a number of NHS organisations, as a whole or on a floor-by-floor or wing-by-wing basis.

Alder King partner Simon Price said it was one of the largest refurbishments currently underway in Bristol and followed the success already this year of other city centre office refurbishments including 10 Wapping Road, now the base for Pure Electric, 41 Corn Street,  the new home of e-commerce fulfilment and storage company Huboo, and Pivot+Mark on the corner of Baldwin Street and Queen Charlotte Street and formerly known as Bridge House – all of which were successful in securing lettings quickly following practical completion.

“Upgrading the vacant space and incorporating a raft of wellbeing features and facilities will bring the building right up to date and allow it to compete with some of the new grade A space currently being built elsewhere in the city,” he said. 

“Demand for city centre office space is strong with take-up levels so far this year almost equalling pre-Covid levels. Availability remains low and the 360 Bristol refurbishment works are set to complete at an opportune time.”

In July Melburg, which describes itself as a highly discreet privately owned investment specialist, snapped up the 218,500 sq ft Broadwalk Shopping Centre in Knowle for around £9.5m.

It also owns the 65,000 sq ft mixed-use building in Union Street in the city centre, having bought the site, predominantly occupied by discount store Wilko, for £10m shortly before acquiring South Plaza in 2019.

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