Work is about to start on Bristol’s first speculative office development for four years – a £35m, 100,000 sq ft scheme in the city’s Enterprise Zone.
Two Glass Wharf at Temple Quay is being developed by Salmon Harvester Properties, a joint venture between Salmon Developments and NFU Mutual. As well as offices it will have space for ancillary retail and restaurant use.
Salmon Harvester acquired the 0.3 acres in November 2010 from PwC and Lloyds Bank after Temple Quay developers Castlemore went into administration.
Planning Consent for a 145,000 sq ft gross, seven-storey headquarters office building, together with ancillary retail and restaurant use at ground floor level, was granted in November 2007.
Ground works have already been completed to create a 43-space basement car park which will also take 75 bicycles. A transfer slab creating a new ground floor has also been completed.
Salmon development director Rorie Henderson said: “The site is ready for delivery and we are now going out to tender. We anticipate a start on site in June with completion scheduled for October 2014.
“Tenants at Two Glass Wharf will benefit from a first-class location in the heart of Bristol, a waterfront setting and all the infrastructure and financial advantages of being located within the Enterprise Zone. We have acquired three adjacent sites in Temple Quay over the last two years and this is the first phase of our development plans.”
Bristol Mayor George Ferguson welcomed the announcement.
“We are absolutely delighted that Two Glass Wharf is to be the first speculative development within Bristol Temple Quarter Enterprise Zone,” he said.
“This is a major boost of confidence for the city’s office market and proves that the Enterprise Zone is an attractive proposition for investors, offering a fantastic location, great connectivity, vibrant workforce, as well as the business rate discounts for incoming or expanding businesses.”
Alder King has been appointed as sole letting agent.
Bristol Temple Quarter Enterprise Zone successfully bid for £20.8m of funding from the Local Infrastructure Fund last autumn and is working up the detailed plans for 17 pieces of infrastructure in the zone. These will improve access between sites and open up the public space, creating better pedestrian and cycling access and improved road layouts, including as the roundabout at Temple Circus.
