Refurbished city centre office building attracts new tenants

July 24, 2015
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Five new tenants have moved into a Bristol city centre office block since it was acquired by Clevedon-based commercial property investment and development company Chadwick Holdings last December.

Privately-owned Chadwick paid previous owner LaSalle Investment Management £2.4m to take over Newminster House in Baldwin Street.

It has since put in place a new management programme for the seven-storey 28,000 sq ft building,  including re-letting, re-gearing and introducing new tenant services including a cafe and ultra-fast internet services.

The new tenants are Digital Engineering, which has leased 1,444 sq ft on the sixth floor on a five year lease, while the Venn Group has taken a further 665 sq ft on the first floor on a three-year lease.

Recruit UK has also expanded within the building, taking 1,041 sq ft on the first floor on a three-year lease.

The Meningitis Research Foundation has taken leases of 2,371 sq ft on the first floor, and 561 sq ft on the ground floor, and Best Practice Networks is moving from Victoria Street into 2,855 sq ft offices on the third floor.  The company’s lease is for a period of five years.

Andy Smith, associate in Knight Frank’s offices agency in Bristol, said: “Having been involved in the sale of the office building to Chadwick Holdings, we have now helped them to attract a raft of new occupiers.

“The new owners have invested in refurbishing the offices to create bright, modern open-plan space around a central core and their foresight is paying dividends in terms of attracting new tenants.”

 

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