Ardstone Capital has submitted ambitious plans for the repositioning of an office building at Temple Quay, Bristol.
The building, which is located on Temple Way, close to Temple Meads station, will be comprehensively refurbished and its floor area will increase from 88,000 sq ft to 155,000 sq ft. The redevelopment will reuse 88% of the existing building’s structure extending the floors to approximately 24,000 sq ft.
Three additional floors will also be added at the building, which Ardstone purchased in 2016 through the Ardstone UK Regional Office Fund – a programmatic joint venture fund operated on behalf of clients of CBRE Investment Management (CBRE IM).
Craig McDonald, principal and managing director at Ardstone Capital UK, said: “We and our partners at CBRE IM are excited by the potential of Sheppard Robson’s design which we believe will be a step change in the Bristol and UK office market. An office building such as this will bring a much-needed focus on occupier wellbeing with strong ESG credentials. We understand the demand for workspace that provides amenity and creates an environment where people want to work.”
CBRE & Cushman & Wakefield have been appointed joint leasing agents for the building.
