RO Group has acquired 90 Victoria Street, in Bristol, from Mayfair Capital for an undisclosed price. The 24,377 sq ft office building is fully let to a number of different occupiers, including Mazars LLP, Tetra Tech Group, Francis Clark LLP and BJSS.
Nick Cashmore, investment director at RO Group, said: “The acquisition adds a further high-quality asset to the portfolio in one of our target regional office markets. 90 Victoria Street is a well-located asset with a strong tenant line-up and low average rental level. We plan to actively asset manage the building, improving the ESG credentials to ensure the building is future proofed. We are in a strong position to move quickly when attractive opportunities present themselves and continue to seek new additions to the portfolio that fit our investment strategy.”
David Kershaw, group real estate director at RO Group, added: “We are very pleased to be investing once again in Bristol, which is considered to be one of the most innovative and economically attractive places in the UK. Its flourishing TMT, professional, and financial services sectors are a big draw for us, with the city benefiting from a thriving office market. We look forward to our ownership of a marquee office in a great location where we see the potential for further value creation.”
RO Group was advised by Knight Frank and Mayfair Capital was advised by JLL.
