CEG has completed three deals at Crescent in Temple Quay, Bristol. A technology business has taken a 3,000 sq ft suite, a professional services company has taken a 2,256 sq ft office and pension and fund administration specialist, JTC PLC, has taken a 2,086 sq ft suite.
Adam Jeffries, Group Chief Information Officer at JTC, said: “Our new office space in The Crescent is designed to uphold the JTC standard that our employees and clients have come to expect, regardless of their location worldwide. This new environment will provide the same professional and high-quality atmosphere that characterises our global presence, allowing our teams to perform at their best while ensuring that clients feel confident, they are engaging with a truly international organisation that values quality and service delivery.
“This new space enhances the experiences of our employees and clients and aligns with our broader sustainability goals. Crescent has been recognised as BREEAM Excellent, utilising energy-efficient practices to target Net Zero Carbon operations.
“We are committed to providing excellent work environments that promote our employees’ productivity and wellbeing. For our clients, it is essential to receive the same level of professional service and sophisticated facilities no matter which JTC location they visit. By investing in these spaces, we ensure JTC’s reputation for excellence travels with us as we grow, and that everyone who walks through our doors experiences quality and professionalism.”
A lease is also being finalised with another professional services company for 4,000 sq ft. The deals follow the announcement of the 22,894 sq ft letting to OVO earlier this year. CEG will also welcome Bristol’s independent café operator, Double Puc to the refurbished building.
CEG has managed the £30 million makeover of Crescent, delivering a roof top expansion, new façade, gardens and new facilities for the 1,000 people that will work in the building.
Paul Richardson, investment manager at CEG, said: “The investment into the transformation of Crescent has really paid off. We look forward to welcoming these new businesses and the café bar when the internal fit outs complete over the coming months. Crescent’s fantastic location, the tenant facilities and contemporary fit-out continue to attract interest and we look forward to announcing further deals very soon.”
Crescent offers 100,000 sq ft of office space and has the largest private garden in the city centre as an added benefit for its occupiers. There is also a secure weatherproof cycle park for 164 bikes and a repair docking facility, wellbeing and fitness studio with leisure club changing facilities.
The development will offer floor plates of 18,000 sq ft. It also benefits from the ability to accommodate a range of requirements from 1,600 sq ft upwards. Carter Jonas and Savills have been appointed to launch the development to market.
Harry Allen, Director of Office Agency South-West at Savills, said: “Crescent’s mix of onsite amenity, range of office suite sizes and market leading sustainability credentials is a real draw for new tenants, with further lettings under offer, its proving popular across a range of business sectors. The private garden, with resident giraffe, is a particularly impressive feature.”
As well as targeting BREEAM Excellent and EPC A, Crescent is targeting Net Zero Carbon in operation. Reuse of the existing structure provides a 45% reduction in upfront embodied carbon over new build, allied with best-in-class energy efficient heating and cooling, makes Crescent a compelling sustainability option.
This £30 million investment is the latest in significant investments into the CEG Group’s portfolio in Bristol which, to date, stands at £234 million. The team is managing a 250,000 sq ft Bristol portfolio, has refurbished the Quorum, delivered the award-winning EQ at 111 Victoria Street and 1000 Aztec West.