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Exclusive Sun Life’s Bristol HQ sold for £75m

Sun Life Group is understood to have sold its brand new Bristol Parkway headquarters to a mystery buyer in a £75m sale and leaseback deal.

Investment experts have suggested that the purchaser could be a German fund, although the price tag does not rule out UK institutions.

Sun Life is moving around 2,200 staff into the 37,160 sq m (400,000 sq ft) building, which is being officially opened on Tuesday. At the moment employees are in a handful of offices scattered throughout Bristol city centre.

Savills advised Sun Life.

EGi News 06/12/96

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