19th January 2022
NatWest sublets Bristol headquarters to University of Bristol for Dental School
The University of Bristol has signed for 74,000 sq ft at 1 Trinity Quay, in the city’s Temple Quay business quarter, in one of the city’s biggest lettings in recent years.
The university has taken a 17 year lease on the building which will become a dental school, following receipt of planning permission to change the use of the building.
Alder King represented the University in the transaction.
1 Trinity Quay on Avon Street is arranged over ground and five upper floors in a waterside setting, with a full height glazed reception area and basement parking. It is in close proximity to Temple Meads station and the University’s planned new business school on the former Royal Mail sorting office site.
Simon Price, head of agency at Alder King, said: “This significant acquisition by the University followed a comprehensive search for options across the city. Trinity Quay was selected because of its flexible large floor plates and highly accessible location. The building will allow the dental school to develop and enhance its offer to more efficiently meet future requirements.”
In 2020 NatWest sublet neighbouring 2 Trinity Quay to DAS UK. In June 2021 the banking giant said it was creating new ‘agile workspace’ including an auditorium at its sprawling campus, in a move that would see staff from NatWest, Coutts and Lombard join the accelerator hub and digital studio at 2 Trinity Quay. It is relocating the staff from 1 Trinity Quay into the adjoining building with the investment aimed at helping staff achieve a more flexible working week, the bank said.
Avison Young and CBRE acted for NatWest. M&G is the overall landlord.