Bristol’s landmark Colston Tower office building has received planning consent for a full makeover which will include new shop frontages on Colston Avenue and sustainable timber paneling.
The £250,000 improvements come a year after London-based firms Ellandi and Development Securities bought the 90,000 sq ft city centre building off the HSBC Pension Fund for £7.6m.
Development Securities, an investment and development company, has a 75% stake with Ellandi holding 25% of the building, which has around 30 tenants and an occupancy rate of around 85%.
The office block, which overlooks The Centre and is widely regarded as one of Bristol’s best business addresses, was designed in 1961 but not completed until 1973.
The 205 ft high building has 15 floors of offices as well as retail units at ground level.
Office suites are available from 1,000 sq ft upwards on flexible terms.
Guy Mansfield of letting agents CBRE said: “We are delighted that the building will be refurbished to highlight its true landmark status.”
Mark Robinson, a founding partner of Ellandi, added: “These works will really improve the appearance of the lower levels of Colston Tower in line with Bristol City Council’s vision for the area and will significantly improve the ground floor retail frontage on Colston Avenue.”
The work is due to finish this autumn.
