Tristan Capital Partners’ latest real estate opportunity fund, EPISO 5, has completed the acquisition of a 1.3-acre freehold site in Bristol city centre, known as 4 Glass Wharf, from a joint venture between Salmon Harvester Properties and NFU Mutual. The site has planning consent for a new Grade A office building comprising approximately 210,000ft² net internal area over basement, ground and seven upper floors, and is being brought forward in partnership with developer Candour Group. Construction is set to commence in mid-2020 with completion anticipated mid-2022. The site is located within the Bristol Temple Quarter Enterprise Zone, next to Bristol Temple Meads Station. 4 Glass Wharf is also adjacent to the recently announced University of Bristol Quarter Enterprise Campus. The purchase price was not disclosed.
Nicho Jenkins, Managing Director at Tristan Capital Partners, said: “This development provides EPISO 5 with an opportunity to deliver a state-of-the-art Grade A office building in the established new business district of Temple Quay in Bristol’s city centre. The project fits our strategy to develop offices in low- vacancy, supply-constrained markets in the UK."
Toby Pentecost, Co-Founder of Candour Group, said: “As an occupier-focused developer, we are confident that this will be a fabulous and much-needed addition to the city centre – it will deliver a best-in-class workspace for thriving businesses, with sustainability, occupier wellbeing, connectivity and design quality at its heart.”