Rail freight warehouse premises buoyed by Bristol property market

US microchip firm Maxim Integrated Products has relocated its expanding Bristol design centre to a flagship waterside office building, signalling the strength of the city’s tech sector and a tentative recovery in the commercial property market.

This is an encouraging sale as it exemplifies the optimistic future that investors are foretelling in and around Bristol.

The firm, which previously worked out of the Regus serviced office at Temple Quay, has taken 11,100 sq ft on a new 10-year lease at Redcliff Quay, a 120,000 sq ft office building owned by Standard Life Investments’ Heritage with Profits Fund.

Will Fulton, fund Manager at Standard Life Investments Heritage with Profits Fund, said: “This is a very significant deal for the Bristol city centre office market, re-confirming Redcliff Quay as a location of choice with its mix of highly-useable space, local amenities and waterfront location.

“This latest letting contributes to the resurgence of tenant interest we are experiencing in the city centre market.”

Standard Life Investments has also recently completed a significant refurbishment of Redcliff Quay’s reception area and office spaces.

As Bristol begins to attract more and more investors demand for commercial property including distribution premises is set to rise.

Source: Bristol Business News