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AXA Investment Managers – Real Assets , a global leader in real asset investments and the leading real estate portfolio and asset manager in Europe, announces that it has secured a pre-let agreement for 201,000 sq ft, at Assembly Bristol, with BT Group (“BT”), the FTSE 100 British multinational telecommunications company. Assembly Bristol is the flagship mixed-use regeneration scheme centred around a best in class flexible and smart workspace offering in the centre of Bristol, being developed by AXA IM – Real Assets on behalf of clients, with Bell Hammer retained as development manager.
BT has preleased the whole of Building A, an 11-storey building which is due to practically complete in 2020 and will be the first phase delivered as part of the overall 320,000 sq ft development. BT has agreed a 20-year lease on the building (as part of its UK wide office consolidation programme], The Better Workplace Programme, with the first staff expected to move in in 2021.
Ground work is also set to commence shortly on two further office buildings of 28,000 sq ft and 92,000 sq ft.
Designed by AHMM, Building A represents a new archetype for Bristol office space, with elements focused on creating the best environment for occupiers: natural light and high ceilings; outside space on every floor; opening windows; a managed and shared roof terrace; and best in class end cycle facilities.
In line with AXA IM – Real Assets’ global strategy of placing significant emphasis on sustainability and occupier wellness, Building A is targeting BREEAM Excellent, WELL Certification and WiredScore Platinum, which support AXA IM – Real Assets’ drive to provide sustainable spaces that remain valid over the long term for their users and the cities in which they are located.
The development is at the heart of the well-connected urban area of Bristol and a short walk to the city centre, Temple Meads Station, Cabot Circus shopping and the Floating Harbour via a new river walkway included as part of the plans working with Bristol City Council.
The site benefits from its status as part of the enterprise zone with significant public investment in infrastructure; including the new University of Bristol Enterprise Campus and the electrification of the Great West Railway which reduces the journey time to London to around 1hr 20min and increases the travel capacity by some 45%.
Source : Company