15th December 2014
Bristol’s second largest office deal completes at Kings Orchard
Property consultants Alder King and GVA have secured Bristol’s second largest office deal of 2014, after Parsons Brinkerhoff, one of the world’s leading planning, engineering, and program and construction management organisations, took 17,000 sq ft of accommodation at Kings Orchard, a landmark office building overlooking Bristol’s floating harbour.
Parsons Brinkerhoff, represented by Knight Frank, is relocating to Kings Orchard from Redland. It has sub-let the entire third floor from head tenant Bevan Brittan LLP. At 17,191 sq ft, this is the second largest office letting in Bristol so far this year.
As well as providing centrally located, prestigious office space with a raft of on-site facilities, the relocation enables all Parsons Brinkerhoff staff to work together on one floor rather than over several floors as in its previous premises.
Catherine Collis of Alder King’s office agency team said: “This latest deal follows the 15,000 sq ft letting at Kings Orchard to Tribal Group earlier this year, which at the time was also the second largest transaction in the city centre, and demonstrates the property’s enduring appeal as a business location.
“Bristol’s office market is on track to deliver annual take-up in excess of 1 million sq ft, a level last seen in 2007.”
Rob Stanley, Director of Property and Facilities for Bevan Brittan LLP, said: “We are delighted that Kings Orchard is benefiting so strongly from the strong performance of the Bristol office market. We have now secured 32,000 sq ft of lettings this year with two of this year’s top ten transactions.”