Castlemore Securities has clinched £17m of forward funding to develop a 52,066 sq ft speculative office building at Temple Quay Central, Bristol.
Lloyds TSB Corporate Markets is backing the scheme, which follows the first phase of Castlemore’s development which has attracted occupiers including Bristol & West, the Department for Communities and Local Government, Department for Transport, BT and Osborne Clarke.
The Temple Quay Central development will eventually include more offices, residential and retail units, restaurants, bars and a separately funded 142-bed hotel.
Ken Smith, financial director at Castlemore Securities, said: “There is a high level of demand for Grade A offices in Bristol city centre and we are very encouraged by the interest the scheme has already attracted from potential occupiers.”
Clive Hetherington, Bristol- based Lloyds TSB Corporate Markets Director said the bank would shortly launch a bespoke specialist property team in Bristol.
Castlemore is currently developing over 1.5m sq ft of new retail, leisure and office accommodation with major schemes in London, Edinburgh, Bristol, Basingstoke and Maidenhead.
