Tags Posts tagged with "Alder King"

Alder King

107

The Office Agents Society, made up of representatives from Bristol’s leading surveying practices, has released the 2014 office take-up figures for Bristol.

Total office take-up across Greater Bristol last year reached 1,266,535 sq ft, breaking the 1 million sq ft mark for the first time since 2008. There was also a further 304,863 sq ft of office take-up for alternative uses.

Quarter 4 activity in the city centre totalled 401,235 sq ft, compared with the 2013 figure of 76,835 sq ft. The out of town total stood at 91,649 sq ft compared with 51,163 sq ft at the same point in 2013.

Andrew Hardwick of WGH stated: “Market conditions have significantly improved over the last 12 months with headline rents increasing and incentive levels reducing.”

Catherine Collis from Alder King added: “We saw a dramatic jump in take-up in the final quarter of 2014 with a number of high profile lettings.  This was a great way to end 2014 and we expect this level of activity to continue into 2015.”

169

Financial technology company, Blue Speck Financial Ltd has decided to open its new 120-person facility at 10 Templeback, just weeks after the building was acquired by Benson Elliot.

The Bristol-born tech company has taken the top floor of the building, including a roof terrace, and plan to move in in March 2015.

The deal comes hot on the heels of the UK Investment Summit in Wales in November, where it was announced that Blue Speck planned to open a new 120-person facility in the city and create around 100 jobs by 2017, though it was not known where at the time. This follows earlier news that the company had been acquired by one of the largest financial services groups in South Africa, MMI Holdings.

The company, which offers cutting edge financial solutions, has taken 13,000 sq ft on a ten year lease joining current tenants NFU Mutual.

Toby Hughes, CEO at Blue Speck Financial Ltd, said: “We knew finding Grade A office space large enough to house 120 people in the city centre would be a challenge so we are delighted to have completed the deal here at 10 Templeback, which offers us everything we need and more. The contemporary open-plan space will allow the business to grow its operation and provide jobs and income for the local economy, which we’re very happy to be a part of.”

Cube Real Estate who asset manage the property on behalf of the owners has applied for planning permission to improve the arrival experience at 10 Templeback with a re-designed and re-modelled reception. The firm also plans to create a new shower hub in the car park which will include cycle racks, showers, a drying room and lockers to further enhance the building’s green credentials and promote sustainable travel. The building already has a ferry stop.

Jonathan Lawes, asset manager at Cube, said: “It is very encouraging to see a deal complete at 10 Templeback so soon after we acquired it on behalf of the owners, Benson Elliot. We now look forward to progressing plans to bring one of the city’s largest available Grade A offices back to life.

“Unlike many schemes in the city centre, we will be offering a much more flexible approach to the size of the occupier we’ll consider and will provide space from 4,700 sq ft.”

Matthew Cross, head of inward investment at Invest Bristol & Bath, said: “As well as bringing a prime city centre site forward, breathing new life into 10 Templeback will help attract further investment into the region and allow some of the city’s home-grown start-ups and SMEs to grow in situ.”

Andy Heath of letting agents DTZ, commented: “We are delighted to welcome Blue Speck to Templeback which we hope will be the first of many new tenants in the building.

“The redesigned entrance will further enhance the appeal of Templeback, which, coupled with the new bike and shower hub and bespoke concierge facilities, will make the building one of the most attractive in the city.”

Two other transactions are currently under offer totalling 15,000 sq ft.

10 Templeback is a 123,000 sq ft building and one of Bristol’s most prominent Grade A office developments. The waterfront building currently stands as the city’s greenest office block and is available to new tenants on tailor made attractive terms.

NFU Mutual currently occupies two floors but substantial high quality space remains available on the remaining three floors totalling 65,000 sq ft.

10 Templeback is being jointly marketed by DTZ and Alder King.

395

Skanska’s project development team, under the Workplaces by Skanska banner, has pre-let 52,000 sq ft (4,831 sq m) of office space at 66 Queen Square, Bristol, to KPMG on a 15-year lease.

Alex Jordan, Skanska’s leasing director, said: “We are delighted that KPMG will be the main tenant for our first UK commercial development project in Bristol. As developers working with our own construction team, we have been able to adapt the design of the building to fit with the needs of our tenant, while securing the longest lease in the city in recent years.”

The professional services firm has taken the first, second and third floors and part of the ground floor at Skanska’s 61,000 sq ft (5,667 sq m) Grade A office building.

Situated in one of Bristol’s prime business locations, 66 Queen Square will complete in the summer of 2015. The Grade A office space integrates a Grade II listed Georgian terrace within the new building, combining historic elegance with modern, efficient office accommodation and fantastic views over the square.

Phil Cotton, Bristol Office Senior Partner and South Regional Chairman at KPMG, says: “This significant investment underscores our commitment to Bristol and the importance of the city to our business. We have achieved continued success and growth in our marketplace, adding £17 million to our income over the last two years, and I am pleased to be able to plough these profits back into the business and invest in new flagship premises in Bristol.

“Our new office in Queen Square will provide our colleagues and clients with top quality office space equipped with the latest technology and located in the heart of the city.”

The building incorporates sustainable features for long-term energy efficiency, including photovoltaic panels, a high-performance building fabric, LED lighting and water-saving fittings to meet BREEAM Excellent and an EPC A rating.

There is just 9,000 sq ft (836 sq m) now available to let, comprising 3,000 sq ft (279 sq m) on both the ground and fourth floors, in addition to a self-contained 3,000 sq ft unit fronting Queen Square.

Alder King and JLL are letting agents for the scheme.

JLL acted for KPMG.

113

Property consultants Alder King and GVA have secured Bristol’s second largest office deal of 2014 after Parsons Brinkerhoff, one of the world’s leading planning, engineering, and program and construction management organisations, took 17,000 sq ft of accommodation at Kings Orchard, a landmark office building overlooking Bristol’s floating harbour.

Parsons Brinkerhoff, represented by Knight Frank, is relocating to Kings Orchard from Redland and has sub-let the entire third floor from head tenant Bevan Brittan LLP.  At 17,191 sq ft, this is the second largest office letting in Bristol so far this year.

As well as providing centrally located, prestigious office space with a raft of on-site facilities, the relocation enables all Parsons Brinkerhoff staff to work together on one floor rather than over several floors as in its previous premises.

Catherine Collis of Alder King’s office agency team said: “This latest deal follows the 15,000 sq ft letting at Kings Orchard to Tribal Group earlier this year, which at the time was also the second largest transaction in the city centre, and demonstrates the property’s enduring appeal as a business location.

“Bristol’s office market is on track to deliver annual take-up in excess of 1 million sq ft, a level last seen in 2007.”

Rob Stanley, Director of Property and Facilities for Bevan Brittan LLP, said: “We are delighted that Kings Orchard is benefiting so strongly from the strong performance of the Bristol office market.  We have now secured 32,000 sq ft of lettings this year with two of this year’s top ten transactions.”

24

Leading London TV post-production company Evolutions has opened its second office in Whiteladies Road, Bristol, just one year after opening in the heart of the city’s media district.

Situated at 38 Whiteladies Road, the new building will provide additional capacity for the thriving business, which is one of the largest independent full service post production companies in London’s Soho.

Andy Smith of property consultants Knight Frank, which advised Evolutions on the acquisition of the 2035 sq ft Victorian villa, said: “Having recently let the 11,000 sq ft office at 11-13 Whiteladies Road to Evolutions it was great to be asked to acquire this additional space for them. Its size, configuration and location make No 38 an excellent fit for their requirement.”

Simon Kanjee, managing director, Evolutions says: “We are delighted to be opening a second building. Evolutions Bristol is doing better than we could have ever expected and has meant that we now must open a second site to accommodate that growing demand. Our investment in creative talent and facilities here is testament to how much we believe in the market in the South West. We have a strong commitment to the region and are proud to be employing more local staff and growing the talent pool in the area. Bristol is a great place to be and we look forward to expanding further in the future.”

Tom Dugay of Alder King who acted for the landlord said: “The letting of this building to Evolutions Bristol was a natural fit given its successful establishment in the city over the course of the previous year from the adjacent property.  Evolutions’ rapid expansion demonstrates once again the strength of the city’s thriving media and creative sector.”

19

A new office development near Exeter will soon be ready to welcome its first tenants.

The office building, prominently situated at the entrance to Woodbury Business Park, to the south-east of Exeter, has now taken shape and is due for completion by the end of the year. Two tenants have already signed up to take 75% of the building, and the remaining space comprises half of the ground floor.

The 1,405 square foot suite has outstanding views across the East Devon countryside and will be fitted out with all the attributes of a modern office including air conditioning, suspended ceilings with recessed lighting and three-compartment perimeter trunking. The suite has its own front door and is also accessed from a lobby off which are WC and kitchen facilities adjacent to the suite.

The joint marketing agents, Alder King and Stratton Creber Commercial, will be pleased to discuss the asking terms with interested parties, and viewings are possible now that the suites are nearing completion.

27

Fast-growing Buffalo Fundraising Consultants is relocating to larger offices at Whitefriars, a landmark building in the heart of Bristol city centre, in a deal brokered by leading property consultancy JLL.

Topland Group, the landlord, has been investing in refurbishing the property, where 3,073 sq ft of space on the second floor has now been let to Buffalo. In total, Topland Group has let 30,000 sq ft in the building so far this year.

The Buffalo team is moving from offices in Clifton to larger space at Whitefriars due to the growth of the business. The company expects that the majority of the team will have moved into the new offices by the second week of December.

Buffalo specialises in regular giving programmes for the not-for-profit sector. Since 2004 the company has worked with more than 150 clients on around 500 projects, which include telephone campaigns, database enrichment, donor stewardship and regular giving strategy sessions.

Steve Lane, senior surveyor at JLL in Bristol, said: “Whitefriars offers an excellent opportunity for businesses seeking bright and airy office space in the heart of Bristol city centre. The fact that Buffalo is the latest in a string of new tenants to have joined the site is testament to the quality of the space on offer, but can also be seen as a sign of confidence in the wider marketplace.”

JLL and Alder King are joint property agents for Whitefriars.

Whitefriars comprises a total of 138,000 sq ft and includes a range of on-site facilities including a refurbished café, a gym, a mezzanine meeting area and a secure underground car park.

Ed Lang, managing director at Buffalo, said: “The central location of Whitefriars, its ample parking area and the recent refurbishment of the site were key factors in our decision to relocate to the building. We are looking forward to continuing to grow our business and staff numbers, as well as developing new services for the not-for-profit marketplace in our new home.”

Ben Ryan, asset manager at Topland Group, the landlord of Whitefriars, said: “We are very pleased to welcome Buffalo Fundraising Consultants to Whitefriars. This letting represents our seventh at the building in 2014, with over 30,000 sq of space let in total to date this year. This is another letting where we’ve carried out a bespoke refurbishment for the tenant as part of the lease package.

“We are now continuing our refurbishment of the building in the remaining four suites of vacant space. We have also invested further in the building by dramatically improving the café unit and offering free wi-fi in the break-out areas and reception, while we have also committed to upgrading other aspects of the site, including the lifts. This underlines our commitment to improving the building, while still being able to offer competitive leasing deals.”

Whitefriars is conveniently located very close to Bristol Bus and Coach Station, offering staff easy access to work. Meanwhile, Cabot Circus and Broadmead shopping centres are just a short walk away. Bristol Temple Meads railway station is just over a mile away and provides direct routes to London, the Midlands and the South West. Whitefriars also has direct access to the M32.

80

Acting on behalf of Brookmaker (GP) Ltd, property agents Alder King and WGH have delivered full occupation of the office accommodation at The Willow Brook Centre, the town centre of Bradley Stoke in north Bristol, after agreeing the letting of the last remaining suite.

Recruitment specialist Reed Global has taken a five year lease on the 1,293 sq ft Unit 5B off a quoting rent of £16 per sq ft. The agency is relocate its North Bristol branch to Willow Brook in order to secure larger and more accessible premises with free car parking for employers and job seekers.

Willow Brook, developed in 2008, has become a thriving retail, leisure and office location at the heart of Bradley Stoke.  It offers excellent on site amenities including a Tesco Extra, pharmacies, dental practices and a range of restaurants and shops.  The office accommodation, all at first floor level, provides 15 high quality office suites with occupiers including Kumon Educational, CJ Hole, Taylors and local MP Jack Lopresti.

Tom Dugay of Alder King’s office agency team commented: “This latest letting to Reed Global completes the line-up at the Willow Brook Centre, with all office and retail units now occupied.  The Centre provides a winning combination of essential local facilities for the Bradley Stoke community.”

Alder King acted jointly with WGH.  Reed Global was unrepresented.

58

Property advisers DTZ and Alder King have been appointed to market one of Bristol’s most prominent and largest office developments.

The joint agents will be marketing 78,000 sq ft of vacant grade A space at Templeback on behalf of asset managers Cube Real Estate acting on behalf of Benson Elliot who recently acquired the building.

Located in Bristol’s prime commercial area, Templeback is the largest vacant grade A building in the city and currently one of only two buildings that can provide more than 20,000 sq ft of grade A space. A programme of refurbishment works is planned for the waterfront building to invigorate the letting campaign along with a proactive asset management strategy.

Andy Heath, Director, Office Agency at DTZ in Bristol commented: “We are delighted to be appointed agents alongside Alder King. With the rapidly reducing level of grade A stock in both the city centre and out of town markets, coupled with the programme of works we have planned, Templeback provides one of the few opportunities to acquire grade A waterfront offices with a flexible approach.”

Simon Price, Partner at Alder King said: “Templeback offers a unique office experience, combining historic Victorian architecture with cutting edge contemporary design in a central location. We anticipate there will be considerable interest in the building given the current shortage of grade A accommodation in Bristol city centre.”

Jonathan Lawes of Cube Real Estate added: “We are delighted to have purchased Templeback with Benson Elliot which we believe with the programme of works we have planned, will reposition the asset in the marketplace and make it a very lettable product. With our ‘hands on’ asset management strategy and flexible letting approach, we look forward to undertaking lettings shortly.”

20

Commercial property developers Chase Commercial Ltd and joint venture partners Hortons’ Estate have begun construction of a 44,000 sq ft purpose-built engineering, production and office facility for Moog Controls Limited at Ashchurch 9, Tewkesbury in Gloucestershire.

The scheme is expected to take a year to complete and be ready for occupation by Moog in early summer 2015.

The new two storey facility will deliver 23,842 sq ft of manufacturing space with an additional 20,053 sq ft of office space to support both hydraulic and electric motion control applications and service, whilst providing sufficient capacity for future expansion.

Moog will relocate around 100 staff from its UK Industrial Motion Control and Service business to the purpose-built facility together with support teams from IT, sales, HR and marketing.  The new building will also allow Moog to bring together teams who previously have worked from remote sites, providing all staff with a modern and comfortable working environment.

Chase Commercial director Julian Meredith said: “Although we have only recently started on site, we are very pleased with progress achieved to date.  We are working closely with Moog and the contractor Quantum to deliver a first class facility on time and on budget.”

Adrian Rowley, partner at property consultancy Alder King which acted for Chase Commercial, said: “This deal symbolises a robust upswing in the region’s commercial property market.  Gloucestershire now has around 250,000 sq ft of development underway across the county and with greatly improved occupier confidence, the prospects for further development across the region look very promising.”

Ashchurch 9 is a four acre site, strategically located just one mile from Junction 9 of the M5, providing direct access to Gloucester and Cheltenham.