Crest Nicholson has sold the final two buildings on the 8ha (20 acres) Bristol Parkway North Business Park to Gravitas Holdings and Eyre Estate for £9.5m.
Gravitas acquired Building 1300 for £6.6m. It was recently prelet to Claims Plus at a rent of £178 per sq m (£16.50 sq ft) on a 15-year lease. The building provides 2,751 sq m (29, 610 sq ft) of space and 149 car-parking spaces. Due for completion in October 2000, it is the last of 10 campus-style office buildings on the site.
Eyre Estate acquired Building 1400 for £3m. It was recently prelet to management and construction consultants Gleeds at a rent of £172 per sq m (£16 per sq ft) on a 15-year lease. The building provides 1,265 sq m (13,620 sq ft) with 72 parking spaces. It is scheduled for completion in September 2000.
Hartnell Taylor Cook and Alder King are joint agents for CN, while United Bank of Kuwait is the agent for Gravitas Holdings. Cluttons advised Eyre Estate.
EGI News 02/06/00
