Wates land £67m office job in Bristol - Wates

Wates Construction has secured a contract to build another major office block in Bristol’s Temple Quarter worth £67m

Wates Construction has been appointed to deliver the construction of 4 Glass Wharf, an eight-storey, 210,000 square metre flexible-workspace scheme backed by a joint venture of developer Candour and the EPISO 5 fund managed by property investors Tristan Capital Partners. Wates previously built both 2 and 3 Glass Wharf in Temple Quarter for developer Salmon Harvester Properties.

The latest building will include an events space, ground floor café with outdoor space, fitness facilities and landscaped terraces. BREEAM Outstanding and WELL Core Platinum certificates are targeted.

Candour co-founder Toby Pentecost said:

Working in partnership with Tristan Capital Partners and supported by Apollo, we are committed to setting an example in sustainable development and delivering outstanding workspace for Bristol City Centre. We are already seeing significant interest from occupiers.”

Alec Jackman, Regional Director for Wates in South West England, said:

We are delighted to be delivering another landmark building in Bristol’s rapidly growing Temple Quarter, helping to further transform the local area. We are focused on promoting biodiversity and sustainability, and will deliver 4 Glass Wharf using techniques designed to reduced carbon impact, creating flexible spaces that appeal in the long-term.”

Debt financing for the scheme has been provided by an affiliate of Apollo Global Management.

Work is under way on site and is due for completion in 2023.

Bristol City Council is working with partners including Homes England and Network Rail to deliver the broader Temple Quarter project, a 100-hectare regeneration of land around Temple Meads station.

Wates landed a pre-construction contract with the British Library yesterday to work on a new zero-carbon archive in Yorkshire.

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