Privately owned serviced office provider Orega finalises a deal for a 10-year management agreement with Topland Group to operate over 22,000 sq. ft. of serviced office space in 33 Colston Avenue, Bristol.
The building benefits from a recent £1.25million refurbishment by Topland group, offering high-quality, modern offices set behind an impressive Bath stone Art Deco façade, where a grand entrance leads to a bright and airy, professionally managed reception.
Orega has secured the second and third floor, operating over 400 first-class workspaces open for occupation in late February 2021. The flexible workspace will also include fully equipped meeting rooms, breakout spaces, an excellent support team on hand for any business needs. Additional amenities include secure on-site parking, bicycle storage and shower facilities.
Lynsey O’Keefe, Chief Operating Officer of Orega, said: “After the challenges of 2020 and the rise of homeworking due to the pandemic, many businesses are rethinking how best to operate their office base. We feel sure that 33 Colston Avenue will tick all the boxes for businesses who want to maintain an effective office presence through the Orega white label. It combines premium space with flexibility and scalability, a prestigious business address in a landmark building, extensive transport links and retail and hospitality facilities on the doorstep.”
Steve Pope, Group Director of Property and Asset Management at Topland, said: “We are excited to be working with Orega to deliver their new Bristol centre. Having been one of the city’s most successful providers of managed workspace for the last decade, we identified them as our preferred partner and have been working hard to deliver an exceptionally high-quality new centre that builds on the major repositioning work; we have already completed at 33 Bristol in our first year of ownership. We have delivered an outstanding modern office building in a location that already is home to some of the city’s best media and professional companies.”
Chris Grazier, Partner at letting agent Hartnell Taylor Cook, said: “We were delighted to agree terms with Orega on behalf of our clients Topland. The innovative deal means that 33 Bristol can now offer a range of managed creative workspace run by the city’s best operator alongside the fantastic newly completed space we have available on the 4th floor and the ground floor of the building. The deal with Orega underlines the successful repositioning of 33 Bristol, which has just been the subject of a multimillion-pound refurbishment and can now offer occupiers of all sizes some of the best creative workspace in the city centre.”
Andy Heath, Head of Office Agency, Cushman & Wakefield, said: “Orega’s acquisition of 33 Bristol is further testament to the growing positivity around the city, even through the challenges of the last 12 months. Office take up in Bristol in Q4 was amongst the highest in the country and above the quarterly average, highlighting the demand from across all sectors for high-quality office accommodation.”