Warehouse in Bristol to let encouraged by local recovery signs

Central Park Bristol, the warehouse building to let, is greatly encouraged to see the return of one of the best signs of a healthy and fruitful economy, cranes on the city skyline.

Yesterday a huge crane was being installed in the heart of Bristol’s business district as work finally started on one of the biggest developments seen in the region since the start of the recession. The £35 million office block is the largest speculative scheme in the country outside London and comes just weeks after construction work got under way on a similar but smaller building in Queen Square.

Work on the office block adjacent to Temple Meads station ground to a halt at the height of the recession when Castlemore, the property firm behind the project, went bust. The administrators had no choice to press ahead with the half-built building which is now the headquarters of law firm Burges Salmon. But work on neighbouring property was put on hold until now due to the lack of demand from prospective tenants.

Experts say the fact that work has started once again is a show of faith in Bristol’s economy and the fact it is poised to become one of the fastest-growing cities in the country. This obviously is welcome news for our warehouse in Bristol, as future tenants will benefit from being part of the strongest city out side of London, and one that is clearly continuing to expand business wise.

Rorie Henderson, a development director at Salmon, said: “Having announced our intention to start building speculatively, we put the contract out to tender in the summer and are delighted to have appointed Wates. We have acquired three adjacent sites over the last few years and this is the first phase of our development plans at Temple Quay.”

The building is in the heart of the enterprise zone which has been set up to create a new business district and thousands of jobs in the process. Meanwhile, developer Skanska has started work on a new office block in Queen Square. This block is designed to house around 500 office workers. It certainly looks like Bristol is leading the way for recovery outside of London in the UK, and this will be of great benefit to the occupiers of our available to let warehouse in Bristol.

Source: Bristol Post