Tristan and Apollo partner for £140m workplace development project in Bristol, delivered by Candour

Candour and EPISO 5, a fund advised by Tristan Capital Partners, have commenced construction of 4 Glass Wharf – a new 212,000 sq ft high quality, amenity-rich, flexible Grade A workspace with a market-leading environmental profile in Bristol’s Temple Quarter.

Designed with flexibility and people in mind, the brand-new development is centred on creating a healthy, stimulating, and welcoming environment for all users. Delivering much more than simply a place to work, flexible workspace is complemented with an events space, open kitchen, and interactive art to foster a collaborative occupier community.

The eight-storey building offers a collection of open and reconfigurable spaces ranging between 10,000 – 30,000 sq ft designed to accommodate the changing patterns of working life. All floors can be subdivided into four separate tenancies. Generous ceiling heights and floor to ceiling windows provide a light and spacious environment.

Rich in amenities, the building includes a ground floor café with outdoor space, wellness and fitness facilities in addition to green landscaped terraces offering stunning views of the Bristol skyline.

The building is targeting a BREEAM Outstanding and WELL Core Platinum certifications alongside an EPC ‘A’ Rating. More than 290 cycle stations will be on site with a dedicated cycle ramp designed by Five at Heart leading straight to the designated cycle parking area situated alongside highest quality End of Trip facilities (including 26 showers). Rapid electric vehicle charging points will also be available for EV drivers.

The development is funded by a joint venture between Candour and EPISO 5, a fund managed by Tristan Capital Partners, and with debt financing provided by an affiliate of Apollo Global Management, Inc.

Candour co-founder, Toby Pentecost, added, “The start of construction is a major milestone for the project. Working in partnership with Tristan Capital Partners and supported by Apollo, we are committed to setting an example in sustainable development and delivering outstanding workspace for Bristol City Centre. We are already seeing significant interest from occupiers.”

Paul Pritchard, Director at Tristan Capital Partners, said: “4 Glass Wharf is set to become a new landmark in Bristol offering flexible, sustainable and collaborative workspaces that are designed to meet the needs of high-knowledge occupiers now and in the future. We are looking forward to working with Candour and the rest of the team to deliver this market leading scheme into a creative and exciting City like Bristol.”

Ben Eppley, Partner and Head of European CRE Debt at Apollo, said, “We have a long-standing relationship with Tristan Capital Partners and whilst this project is our first venture with Candour, we have been impressed by its vision for this impressive development and others in the pipeline. We believe the scheme has everything an occupier today is looking for in a workspace-led scheme and we are highly committed to our role in its delivery”.

Wates Construction has been appointed to deliver the prime asset. Wates is a privately owned national contractor, with a turnover of £4.1bn and has been responsible for some of Bristol’s recent award-winning projects, such as the adjacent 3 Glass Wharf. Wates is committed to Candour’s vision deliver a market-leading asset in terms of its environmental and sustainability credentials.

4 Glass Wharf is in Bristol’s thriving Temple Quarter offering fantastic connectivity with trains into London in just over an hour. The M4 is a 10-minute drive and Bristol Airport is 25 minutes away. The site is nicely situated between Bristol University’s new Temple Quarter Enterprise Campus and the city centre.

Completion is scheduled for Q4 2023. For leasing enquiries please contact Candour or Alder King.