Tristan Fund buys prime development site in Bristol, UK

Tristan Fund buys prime development site in Bristol, UK

Tristan Capital Partners’ real estate fund, EPISO 5, has acquired a prime 1.3-acre freehold site in Bristol city centre, known as 4 Glass Wharf, from a joint venture between Salmon Harvester Properties and NFU Mutual.

The site has planning consent for a new Grade A office building comprising approximately 210,000 sq. ft. net internal area over basement, ground and seven upper floors, and is being brought forward in partnership with developer Candour Group.

The development will be led by Candour Group, a London-based development and asset management firm focused on creating best-in-class, workspace-led development assets. Construction is set to commence in mid-2020 with completion anticipated mid-2022.

The prime site is located in the Bristol Temple Quarter Enterprise Zone, next to Bristol Temple Meads Station. 4 Glass Wharf is also adjacent to the recently announced University of Bristol Quarter Enterprise Campus. Existing nearby office occupiers include PwC, Grant Thornton, Natwest, Hargreaves Lansdown, Bank of Ireland, Simmons & Simmons, OVO Energy and HMRC.

“This development provides EPISO 5 with an opportunity to deliver a state-of-the-art Grade A office building in the established new business district of Temple Quay in Bristol’s city centre. The project fits our strategy to develop offices in low-vacancy, supply-constrained markets in the UK,” said Nicho Jenkins, Managing Director at Tristan Capital Partners.

“As an occupier-focused developer, we are confident that this will be a fabulous and much-needed addition to the city centre – it will deliver a best-in-class workspace for thriving businesses, with sustainability, occupier wellbeing, connectivity and design quality at its heart,” said Toby Pentecost, Co-Founder of Candour Group.