Strategic Partners UK, managed by CBRE Investors, has bought two office buildings in the £500m Cabot Circus redevelopment in Bristol for £11m.
The two sites will comprise 133,000 sq ft of prime commercial space.
Andy Sayner, CBRE senior director of investment, said: ‘Cabot Circus is one of the highest profile mixed-use developments in the UK and offices play an important part in that mix. We believe there will be significant interest in this site, which will offer tenants a winning combination of city centre location, high specification design and excellent transport links.’
Detailed planning permission for the office blocks was granted at the beginning of 2007 and work is due to start on site early next year, with a scheduled completion date of mid-2009.