Major redevelopment of One Victoria Street gets go-ahead

Real estate fund managers PRUPIM have gained planning approval to substantially refurbish one of Bristol’s most prominent office buildings – One Victoria Street – overlooking Bristol Bridge and the Floating Harbour.

Work will start in June 2012 on the project to re-model, extend and refurbish the five-storey 1980s building to create 47,000 sq ft of light modern offices to BREEAM Excellent standards.   PRUPIM, investing on behalf of Prudential Pensions Limited, have appointed Knight Frank and Cubex as marketing agents on the scheme.  Cubex has also been appointed as development manager and project manager, co-ordinating the delivery of the project. 

The refurbishment work will include the dramatic re-modelling of the façade, an extensive upgrade of the entrance and reception in addition to the enlargement of the fifth floor to create a stunning penthouse office suite. Crucially, the refurbishment will include the addition of a new lift and staircase core onto the Redcliff Street elevation that will then allow the removal of the existing core to provide light open plan floorplates, which the property currently lacks. Completion of the scheme is scheduled for Summer 2013.

Martin Booth, partner at Knight Frank, said: “One Victoria Street will certainly prove attractive to occupiers with its high profile waterfront location and central position on Bristol Bridge between Temple Meads and the city centre.”

Designs for the refurbishment are described by Cubex director Gavin Bridge as “set to be a modern interpretation of the Bristol Warehouse architectural style”.  They include a commitment for the finished building to be more energy efficient and generate lower carbon emissions than other comparable office buildings, and to deliver a BREEAM Excellent rating.

”This is a tremendous example of redeveloping tired office buildings in a sustainable way with a low environmental impact,” he said.