Support services giant Capita Group has signed Bristol’s biggest office deal this year at the city’s burgeoning Temple Quay development.
It has taken the entire 41,692 sq ft (3,873 sq m) second phase of accountancy group KPMG’s 100 Temple Street building for its Bristol headquarters, signing a 10-year lease at an undisclosed rent.
Capita has more than 200 offices in the UK including two – York House and Barton House – in Bristol.
The group has been keen to relocate its Bristol operations after recently winning the BBC TV Licensing contract.
KPMG occupies five floors at the 86,000 sq ft (7,989 sq m) building, formerly the home of London Life, which it acquired from Temple Quay developer Castlemore in 1998.
It announced plans for a multi-million-pound refurbishment of the building in 2000.
Peter Rilett, senior partner at KPMG, said: “The interest in the development confirmed that we had taken the right decision to develop the site speculatively and we are delighted to have let the whole of the new phase so quickly.”
Simon Price, office agency partner at Alder King, who acted for KPMG, added: “With the continuing success of Temple Quay, the Temple Circus area is becoming the prime office location within the city centre.”
Jeremy Richards, partner at King Sturge, who acted for Capita, added: “With so few new office buildings immediately available, it was fortunate that 100 Temple Street met Capita’s requirements.
“The company will be moving into the building after it has completed an extensive fit-out.”
EGi News 03/07/02
