Buckley Gray Yeoman, an experienced architecture and interior design practice in the UK and Europe, has designed the redevelopment project.
The project involves creating a new two-story feature façade that will offer excellent amenity space on the ground floor, including a café and an external decked area. Additionally, a one-story rooftop extension and three private roof terraces, including one on the fifth floor, will provide stunning views of Temple Gardens.
The development will be renamed Crescent and will have the largest private garden in the city centre, as well as a gym, fitness studio, secure cycle park with a capacity for 164 cycles, and repair docking facilities. The completed building will offer 101,000 sq ft of lettable office space. Construction began in October 2022 and is expected to conclude by June 2024.
The development will offer floor plates of 18,000 sq ft. It also benefits from the ability to accommodate a range of requirements from 1,600 sq ft upwards. Carter Jonas and Savills have been appointed to launch the development to market.
The building is centrally located and a short walk from Temple Meads station as well as the retail offering at Cabot Circus, it is majority let to HMRC, other occupiers include Telestream and Arriva.
Andrew Phillips, investment director at Savills Bristol who acted for CEG, commented: “We are pleased to have negotiated the acquisition of The Crescent Centre. The building offers a rare opportunity to create a contemporary office product situated in a prime location within one of the UK’s most attractive office markets.
“Investor demand for the city remains very high due to the strength of the occupational market coupled with dwindling availability and limited development.”
This £28m investment is the latest in significant investments into the CEG Group’s portfolio in Bristol which, to date, stands at £234m. The team is managing a 450,000 sq ft portfolio, has refurbished the Quorum and is onsite EQ at 111 Victoria Street and 1000 Aztec West both of which are set to complete in the first half of 2023.
Our works include
- New build extension of approx. 30,000 bricks
- Installation of fire lintels
- Creation of new lift shafts
- Creating new openings through structural walls
- In fill of parapet crenelations
- Repoint and repair existing brickwork