Melburg breaks planning record with 110,000 sq ft Bristol City Centre redevelopment consent
[07/04/2020], London: Today, Melburg Capital, the highly discreet privately owned investment specialist announces that planning approval has been granted for their 110,000 sq ft South Plaza office building redevelopment in Bristol City Centre.
The planning consent was granted within 5 weeks of the original application, a record for the local council. Melburg acquired the asset in October 2019 and have since worked in collaboration with the award-winning architectural practice Stride Treglown, creative agency Graphicks and their agents Knight Frank to design the optimal scheme.
The result is the newly branded 360 Bristol, a 110,000 sq ft Grade A office redevelopment incorporating full-service gym, “cycle in” office access, cycling facilities, yoga studio’s, designated cafe and business lounge, all to be delivered by Q3 of 2020.
The Bristol office market is presently experiencing the lowest level of availability on record. The city has only two office buildings currently under construction, one of which has been pre-let entirely to British Telecom.
A spokesperson for Melburg commented;
The Bristol office market is experiencing a period of unprecedented tenant demand, driven principally by the City’s broad appeal to large scale corporates and technology companies seeking access to its talent pool and comparative affordability to London. 360 Bristol will provide a unique product within the Bristol office market, a fully serviced Grade A complex with all modern amenities designed for exclusive use by the buildings occupiers. The speed and pragmatic approach shown by Bristol City Council in dealing with this application is another testament to their efficiency and professionalism
For further information please visit 360bristol.co.uk.
View Property Week article here.