One of Bristol’s most iconic Georgian parades has been bought by two property development firms for £4m in the latest of a string of deals in the city’s Redcliffe area.
The distinctive buildings at 3 – 8 Redcliffe Parade West, which overlook the Floating Harbour and have been used as offices for many years, could now be transformed back into town homes by the new owners. 
Kent-based Change Real Estate acquired the freehold of the parade, along with modern offices to their rear, in a joint venture with Bristol firm Cannon Family Office.
The Grade II listed buildings, which are now vacant, were previously owned by a private individual who had gained planning consent to convert them to 14 residential units.
Change Real Estate said it would review all the possibilities for the buildings which, with the separate office building, have a total floor area of 32,400 sq ft.
It said redevelopment would be “in the most appropriate way for the area”.
Change Real Estate director Ron Persaud said: “The Redcliffe area is undergoing a renaissance, from the Bristol General Hospital redevelopment through to Redcliff Square. This is an exciting acquisition for Change Real Estate in the heart of an historic corner of Bristol.”
The Redcliffe Parade West acquisition is Change Real Estate’s third in Redcliffe – making it a major player in what is widely-viewed as central Bristol’s next significant regeneration area.
Last year it acquired a 2.29-acre site known as Redcliff Square, also with Cannon Family Office, from The Carlyle Group and has secured funding from ICG Longbow for a £180m, 500,000 sq ft development which will include 164 high-quality apartments overlooking a central square, a 200-room hotel, 130,000 sq ft of offices plus student accommodation and retail space.
The site, bordered by St Thomas Street, Redcliff Street and Three Queens Lane, is now occupied by vacant office and warehouse buildings.
Drawn up by property adviser GVA, the application includes 136 residential units and four shops on the site and two buildings in Redcliff Street and St Thomas Street. Designs include retaining the façade of 14a St Thomas Street to maintain its locally listed status.
Last November it submitted plans to Bristol City Council to develop a neighbouring 0.8-acre former car park site into 136 residential units and four shops.
Change Real Estate also advised Essex-based developer City & Country Group on its £6m acquisition of Bristol General Hospital by University Hospitals NHS Foundation Trust in January 2012.
Bristol-based property agents Hartnell Taylor Cook advised Change Real Estate on the Redcliffe Parade acquisition.
Change Real Estate was founded in 2013 by Jonathan Bloomer, a former senior independent director at Britsol-based fund manager Hargreaves Lansdown, and Ron Persaud, former CEO of property developer Cuckfield Group. It also has property interests in Brighton and Edinburgh.
