The race to start on the first speculative office scheme in Bristol since the downturn is hotting up after Salmon Harvester announced plans to kick off a 100,000 sq ft scheme.
The developer, in joint venture with NFU Mutual, has confirmed it plans to start the £35m Two Glass Wharf, Temple Quay (pictured) in the next few months, which could make it the first speculative scheme in four years.
Skanska is also understood to be gearing up for a speculative start on its 66,000 sq ft 66 Queen Square project in Bristol.
Salmon Harvester is well placed to win the race to deliver the city’s first spec scheme with ground works to create a basement car park and new ground floor slab already completed.
The 100,000 sq ft scheme, which features ancillary retail and restaurant use, sits within Bristol’s enterprise zone.
The joint venture bought the 0.3 acre site in November 2010 from PwC and Lloyds Bank as part of the Castlemore administration.
Salmon development director Rorie Henderson said: “The site is ready for delivery and we are now going out to tender. We anticipate a start on site in the summer.
“Tenants at Two Glass Wharf will benefit from a first-class location in the heart of Bristol, a waterfront setting and all the infrastructure and financial advantages of being located within the enterprise zone.
“We have acquired three adjacent sites in Temple Quay over the past two years and this is the first phase of our development plans.”
Alder King partner Simon Price, letting agent to the scheme, added: “There has a been a noticeable increase in activity and some significant sizeable enquiries recently. Discussions are already underway with potential high-caliber occupants.”
jack.sidders@estatesgazette.com
