US microchip firm Maxim Integrated Products has relocated its expanding Bristol design centre to a flagship waterside office building, signalling the strength of the city’s tech sector and a tentative recovery in the commercial property market.
The firm, which previously worked out of the Regus serviced office at Temple Quay, has taken 11,100 sq ft on a new 10-year lease at Redcliff Quay, pictured, a 120,000 sq ft office building owned by Standard Life Investments’ Heritage with Profits Fun
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Maxim Integrated, which designs analog and mixed-signal semiconductors, joins occupiers HSBC, specialist insurer Helphire and patent attorneys Haseltine Lake, who recently extended their lease. The building is now 90% leased.
Will Fulton, fund Manager at Standard Life Investments Heritage with Profits Fund, said: “This is a very significant deal for the Bristol city centre office market, re-confirming Redcliff Quay as a location of choice with its mix of highly-useable space, local amenities and waterfront location.
“This latest letting contributes to the resurgence of tenant interest we are experiencing in the city centre market.”
Standard Life Investments has also recently completed a significant refurbishment of Redcliff Quay’s reception area and office spaces.
Alder King and Jones Lang LaSalle acted as the leasing agents for Standard Life Investments.
Maxim Integrated’s Bristol team includes application engineers, IC designers, test and validation engineers, sales forecasting, and marketing and business management. The firm, based in San Jose, California, employs 9,300 people in locations across the world. Founded in 1983, it is quoted on the US tech-centred Nasdaq stock market.
