Two Glass Wharf, Temple Quay, Bristol
Salmon Harvester Properties Limited and NFU Mutual acquired the Two Glass Wharf, Temple Quay site (0.3 acres) in November 2011 from PWC and Lloyds Bank as part of the Castlemore Plc administration.
The Temple Quay site sits adjacent to Bristol Temple Meads Station and the Floating Harbour and has established itself over the last 15 years as Bristol’s main office centre.
The rationale for this purchase as part of SHP’s current Landbank initiative is to secure well located commercial development sites to promote development at the appropriate time.
The site has the benefit of a Planning Consent for 145,000 sq ft gross of headquarters offices together with ancillary retail and restaurant use at ground floor level. The Planning Consent has been implemented with the completion of ground works to create a basement comprising car park for 43 spaces together with 75 bicycle. A transfer slab creating a new ground floor has also been completed upon which the seven storey development will be developed.
We have committed to speculatively develop some 100,000 sq ft of Grade A offices and entered into a building contract with Wates in July 2013. Construction is due to commence immanently with a targeted completion date of Q4 2014 and a marketing campaign has been launched with the target to secure office occupiers for the building.