A showpiece Bristol office block that stood nearly empty during the recession is now more than 90% let after deals to occupy its top two floors – another reflection of the strength of the city’s commercial property market.
Tower Wharf – described by the property agents marketing it as “one of Bristol’s premier city centre business locations” – was opened just before the 2008 financial crash on the site of the city’s former leadworks alongside the Floating Harbour. 
As a result, the 70,600 sq ft building, pictured, stood near vacant for many years as the city’s office market trod water – ironically one of its tenants during that time was the government’s Insolvency Service.
But now in another signal of the market’s resurgence, its top floors are to be occupied by two blue-chip tenants, leaving just a single a 6,400 sq ft suite on the first floor yet to be let.
Property consultancy Lambert Smith Hampton (LSH), which itself has been based in the building since 2014, has negotiated the letting of the 10,719 sq ft fourth floor to global business and legal services group Integreon.
Integreon, which has offices in nearby Temple Back and Redcliff Street, was advised by Morton Property Consultants.
Global advertising and marketing agency McCann is to relocate its Bristol base to the 8,382 sq ft fifth-floor suite from Redcliff Street this spring in a deal secured by joint agent Savills.
Both floors were extensively refurbished in 2016. It was acquired Picton, the London Stock Exchange-listed property investment company, in August last year for £23.15m from Rockspring on behalf of its Hanover Property Unit Trust.
The latest deals represent an annual rent of £540,000, equivalent to £28.50 per sq ft. Among the building’s other occupiers include US tech giant Oracle. McCann was advised by Colliers.
