Agents appointed to launch Bristol office redevelopment to market

CEG has appointed Carter Jonas and Savills to launch to market the new look Crescent at Temple Quay Bristol.

The building will include a new two-storey feature façade with best-in-class amenity space on the ground floor, including a café and external decked area. There will be a one-storey rooftop extension and the addition of three private roof terraces, the most prominent of which offers unrivalled views over Temple Gardens from the fifth floor.

The completed development will be rebranded as Crescent and will benefit from the largest private garden in the city centre. Other amenities include a gym and fitness studio, an all-new secure, weatherproof cycle park with capacity for 164 cycles and repair docking facilities.

The new building will deliver 101,000 sq ft of lettable office space when work completes in June 2024. It offers floor plates of 18,000 sq ft and also benefits from the ability to accommodate a range of requirements from 1,600 sq ft upwards.

Andrew Hardwick of Carter Jonas said: “This is not just any old redevelopment! Crescent will deliver something distinctly different, best in class for Bristol, coupling the unique attractions of generous external green space adjoining the Temple Gardens and a penthouse with awesome views over the city. All this just a stones’ throw from Temple Meads. It is going to be a very powerful offering.”

Chris Meredith of Savills added: “With sustainability at the forefront of Crescent development, this building will deliver to the requirements of the modern occupier. The need to secure high quality, sustainable and flexible office accommodation to help provide the best workplace experience for employees is at the top of agenda, and the Crescent will create one of Bristol’s best office buildings delivering to this demand.”

Lawrence Escott, investment manager at CEG, said; “Crescent occupies a prominent location on Temple Back and will benefit from the best amenity provision and outlook of any building in its class. This £28 million redevelopment is a timely boost for Bristol and a continued vote of confidence in the city by CEG, where we have managed significant investments in EQ and Aztec West, not to mention the continued success of the Quorum. We look forward to welcoming new tenants in 2024”.

As well as targeting BREEAM Excellent and EPC A, the project aims to make the building 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.

Kier has been appointed to deliver the redevelopment which was designed by Buckley Gray Yeoman, an architecture and interior design practice with 25 years of refurbishment and retrofit experience across the UK and Europe.

This £28 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 450,000 sq ft portfolio, has refurbished the Quorum and is onsite EQ at 111 Victoria Street and 1000 Aztec West both of which are set to complete in the first half of 2023.