Christine Eade gives you the lowdown on all the sectors across the region
Aberdeen Property Investors has completed its £10m refit of Greyfriars.
It has renamed the 100,000 sq ft office in Bristol city centre Lewins Place.
DTZ is quoting a rent of £17.50/sq ft.
The council staff will relocate to other Swindon offices.
Whitmarsh Lockhart has been instructed to find new tenants prepared to pay £11.50/sq ft, when the building is ready in the middle of next year.
North Wessex Training, a private company that has a government contract to retrain the unemployed, has taken a 3,000 sq ft prelet at Curtis Court, the former Natwest bank offices in Farnsby Street, Swindon.
Landlord Hopkins Developments is quoting a rent of £11.50/sq ft.
Natwest has relocated to Windmill Hill, an out-of-town business park near Swindon.
Trimac Properties is refurbishing 150 Victoria Road in Swindon’s Old Town. The Probation Service is already a tenant in one wing of the building. The quoting rent on the remaining 20,000 sq ft is £12/sq ft.
Terramond has completed Lysander House, the 27,610 sq ft speculative office at Cribbs Causeway, Bristol.
The property is on the site of the former Harry Ramsden’s fish and chip restaurant.
Agents Knight Frank and Williams Gunter Hardwick are quoting rents of £22.50/sq ft.
Agents Knight Frank, Lambert Smith Hampton and DTZ are offering unrefurbished space for £5/sq ft and refurbished for £10/sq ft.
Caverwood has appointed CB Richard Ellis to manage its multi-let offices in Matthew House and neighbouring Prince William House, Colston Street, Bristol.
Bristol City Council has moved into 59,000 sq ft in the former Somerfield supermarket headquarters in south Bristol.
The letting represents 42% of the Bristol out-of-town take-up in the first half of the year.
CB Richard Ellis Investors has sold two units that total 57,917 sq ft at Southway Drive, Warmley, Bristol, for £1.85m to private investor clients of BNP Paribas Real Estate. The price paid reflects an initial yield of 13%.
Industrial take-up in the Swindon area fell by nearly 65% in the third quarter of this year, figures compiled by Whitmarsh Lockhart show.
Between April and June, 148,257 sq ft was let, compared with the third quarter’s 41,553 sq ft.
So far this year 318,698 sq ft has been let in 12 transactions.
Several landowners have exercised options and sold land to Gazeley for the development of its Triangle site, north of Swindon.
Gazeley has consent for buildings of 650,000 sq ft, 450,000 sq ft and 350,000 sq ft.
Landlords at the Mall at Cribbs Causeway on the M5 near Bristol expect the centre to be fully let by Christmas.
Capital Shopping Centres, Prupim and JT Baylis have completed a letting on the former HMV shop, after the music retailer moved into the former Zavvi unit in the centre.
Last month Italian food chain Carluccio’s became the latest restaurant to open in 3,560 sq ft in the Mall’s Avenue, after a £5m refit.
The Boston Tea Party, which has three restaurants in Bristol and one in Bath, has asked King Sturge to find new outlets in the south-west of England to add to its seven already trading. The first opened in 1996 in Park Street, Bristol.
And finally …
Shopping centre developers should stop throwing money at department stores to act as anchors in retail developments, and look for something more edgy, like art by Banksy.
By the time the graffiti artist’s three-month Banksy vs Bristol Museum exhibition, which included the sculpture below, closed at the end of last month in Bristol City Museum in Park Street, Park Street retailers’ were benefiting from the ‘Banksy effect’.
Visitors queued for hours to look at the subversive paintings and sculptures, and rounded off their day in Park Street’s shops and restaurants. And Oxfam sold £15,000 worth of Banksy souvenirs during the three-month exhibition.
It’s a payback for Bristol City Council, which used to spend taxpayers’ money cleaning up public buildings that local boy Banksy was considered to have defaced.