The refurbishment of a major office building in Bristol city centre has paid dividends with the completion of two new lease agreements in recent weeks.
JISC and Which? Financial Services have both taken space in the 75,000 sq ft One CastlePark office building, which sits at the edge of Castle Park, a few yards from Cabot Circus.
The building was recently acquired by Circle Property Unit Trust and has been refurbished to offer high grade accommodation plus more flexible office suites. Available space now ranges from 4,037 sq ft to 8,935 sq ft, at a quoting rent of £15 per sq ft.
JISC has taken 9257 sq ft on two floors on a five year lease, while existing tenant Which? Financial Services has expanded to occupy 11,840 sq ft on the first floor on a 10 year lease.
Property agents Knight Frank and Alder King have been appointed to find tenants for the building. Martin Booth of Knight Frank said: “The decision by the new owners to offer smaller office suites mean that a wide range of companies can now take advantage of accommodation which internally is up to Grade A standard, but at a much lower price – and in a brilliant central location, with easy walking to Temple Meads station and quick access to the M32.”
Cat Colllis of Alder King said: “Pricing remains key in the current market. At just £15 per sq ft we are confident of further success.”
Existing occupiers include Irwin Mitchell, James Hay Partnership and Turner & Townsend.
The extensive refurbishment of One CastlePark included new reception and lifts, air conditioning, bike racks and showers. The building has 52 car parking spaces.