CBRE Investment Management (CBRE IM) has let 7,668 sq ft at the newly redeveloped One Hundred office scheme in Bristol to RSA Insurance.
The insurance company has taken the sixth floor of the BREEAM Outstanding-rated building, which is located on Victoria Street. As part of the redevelopment CBRE IM enlarged the existing 34,000 sq ft building to create 57,465 sq ft of Grade A office space.
In addition to its BREEAM Outstanding rating the building has received WiredScore Platinum, ActiveScore Platinum, Fitwell 2 star, EPC A and net zero carbon ratings and accreditations.
Alix Mills, senior director at CBRE IM, said: “We welcome RSA Insurance to One Hundred, whose decision to call the building home demonstrates the success of our ambitious vision to create an inspiring working environment and long-term sustainable future for the building. The Bristol office market has experienced prime rental growth of 13% since the end of 2019, and this growth is expected to continue. We look forward to capitalising on such strong demand for high quality office space by welcoming further occupiers to One Hundred in due course.”
Deena Hemming, trading director – south at RSA Insurance, added: “Premium quality, flexible and modern office space, which One Hundred Victoria brilliantly showcases, is not only beneficial to our people, but also helps us improve service, trade better and create stronger relationships with our broking partners.
“It’s our ambition to become the best commercial and specialty lines insurer in the UK by the end of next year, ultimately brokers will decide if we achieve this and leading office facilities is one of the many tools that can help us towards this goal.”
The development manager for One Hundred was V7. Knight Frank represented CBRE IM and Spring4 advised RSA on the letting.
