Orchard Street Investment Management has completed the £400,000 refurbishment of 10 Templeback in Bristol, which the commercial property investment manager acquired for £58.6 million in June.
Following the acquisition Orchard Street immediately launched into the refurb designed to modernise and maximise space at the centrally located property. Along with creating a striking new entrance to the reception (pictured), the works saw the extension and remodelling of a ground floor office suite, providing it with a self-contained entrance and double height atrium.
Although the refurbishment project has only just completed at the 124,000 sq ft Grade A waterfront property, the plans led to a spate of lettings earlier in the year. Engineering consultancy Mott Macdonald, real estate firm Colliers International and business outsourcer ADP took up space totalling 23,400 sq ft, meaning that only 42,873 sq ft remain unoccupied at a quoting rent of £29.50 per sq ft.
While the refurbishment works have cemented 10 Templeback’s credentials as one of Bristol’s premium office locations, Orchard Street still intends to engage in further improvements as a means of boosting this status further. Future endeavours include the installation of additional bicycle storage along with showering and locker facilities.
Orchard Street representative Jamie Munday comments; “Templeback has enjoyed great success this year with a string of quality lettings to a diverse range of businesses.
“This latest capital investment has served to further enhance the building’s appeal to both current tenants and potential occupiers looking for high quality offices in Bristol’s core business district, at a time when supply of new Grade A space continues to diminish.”
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