Topland Group has acquired 33 Colston Avenue in Bristol for £9.8m.
The 46,000 sqft office building was acquired from Royal London and is currently 75% vacant. It will be subject to a comprehensive refurbishment and repositioning exercise under the new owners.
This purchase is in line with Topland’s strategic focus on core UK cities, having made recent purchases in London, Edinburgh, Manchester and Birmingham.
David Sanderson, Investment Manager at Topland, stated “This is another great acquisition for us – Colston 33 is excellently located in a dynamic market and provides significant value add opportunities. We continue to seek out property investments where we feel there is underlying value and hope to be as acquisitive this year as we were last”
