Trio of deals secured at The Distillery, Bristol

Royal London Asset Management (RLAM) has secured a trio of lettings at its market leading office scheme, The Distillery, in central Bristol.

International law firm, Clyde & Co, has expanded its Bristol presence securing 4,700 sq ft within No2 The Distillery. Clyde & Co has been joined by IOP Publishing, a society-owned scientific publisher, which has acquired 16,000 sq ft, and most recently by a substantial tech company supporting the purchase of cloud products that has acquired 24,000 sq ft.

The Distillery is a 93,000 sq ft ground-breaking scheme in two adjacent buildings, within a short walk of Temple Meads station. The scheme has a unique covered street, an eye-catching living wall and a contemporary exposed services finish.

Will Hawking of Royal London Asset Management commented: “We are delighted to welcome these high calibre occupiers to The Distillery. We have been determined to deliver an outstanding scheme with sustainability and wellness as integral elements of the design. The attraction of such major names is testament that The Distillery meets these key criteria.”

Peter O’Brien, of Clyde & Co in Bristol commented: “Over the past four years since establishing a base in Bristol, we have grown significantly as a team and this move will be a springboard for further growth in the coming years. We wanted to move our offices to a building which our people will find engaging and an exciting place to come back to work in. With its stunning covered street, green wall and exposed services finish in the suite we’re delighted with our move to The Distillery.”

Oliver Callaghan, Finance and Operations Director at IOP Publishing added: “The green credentials of The Distillery proved key in our decision-making process, with its huge living wall and energy efficiency. Its location is perfect for us, being just a short walk to the train station and with an ever growing number of cafes, shops and bars in the immediate area. We’re looking forward to our colleagues coming together to collaborate and connect in this best-in-class building.”

The Distillery marks the second phase of four at RLAM’s Glassfields site in central Bristol, the first phase being highly acclaimed 4-star 199-bed Leonardo Hotel which opened for business last year. Phases three and four will comprise two further office developments of c.120,000 sq ft and 65,000 sq ft respectively. RLAM are currently working up detailed plans for these developments for launch to the market later this year.

Will Hawking added: “With evident strong demand for the highest quality office space in Bristol it is entirely appropriate that RLAM looks to build on the success of these first few phases to create an outstanding environment with further office developments designed – and then constructed – with the very highest ESG credentials as prerequisites. We look forward to revealing our proposed plans at the earliest opportunity.”

Colliers CRE advised Clyde & Co whilst JLL represented IOP Publishing.

Knight Frank and JLL are retained as letting agents on The Distillery and future phases of the Glassfields development.