Description

Salmon and NFU Mutual have purchased the Three Glass Wharf development site on the waterside at Temple Quay, Bristol from PWC the administrators to Castlemore.

The 0.3 acre plot – within the newly designated Enterprise Zone - has planning permission for 130,000 sq ft gross of mixed use development including office, residential and retail uses.

Salmon are buliding their adjoining development site, Two Glass Wharf, for HQ office development and will review development proposals on Three Glass Wharf which could accommodate a variety of uses including office, hotel and healthcare.

Office rents at Temple Quay are circa £27 per sq ft and if built and fully let as offices Three Glass Wharf would have an end investment value of circa £40million.