TFT advises Aviva Investors on purchase of prime Bristol office building

Tuffin Ferraby Taylor (TFT), the property and construction consultancy, has advised its client Aviva Investors on the purchase of 66 Queen Square, a five-storey office building in Bristol’s historic centre.

Developed by Skanska and due for completion this autumn, the building had an asking price of £30 million. TFT’s building surveying and mechanical and electrical teams carried out technical due diligence and TFT is now monitoring the development on Aviva Investors’ behalf.

The development, which integrates a grade II-listed Georgian terrace with a new building, has achieved a BREEAM environmental and sustainability rating of ‘Excellent’ and an EPC rating of ‘A’ for the new build and ‘B’ for the listed parts. It is 90% let to KPMG and Handelsbanken and has achieved record rents for the city.

Paul Spaven, Partner of Tuffin Ferraby Taylor, said:

“We are very pleased to continue our long relationship with Aviva Investors by working on this deal, which highlights the strength of the Bristol market. Our technical approach and independence have enabled us to provide Aviva Investors with an in-depth, unbiased report on this unique building, helping them to make an informed investment decision.”