The Inland Revenue is looking for a new building in Bristol following a deal with Orange, which has agreed to take IR’s existing space in Key Point, north Bristol.
Orange, which occupies more than 6,503 sq m (70,000 sq ft) at Key Point, has paid an undisclosed premium for the remaining 13 years on IR’s lease. The expanding telecommunications giant wants to move into IR’s 1,579 sq m (17,000 sq ft) top floor suite as soon as possible.
The Inland Revenue has appointed Donaldsons to search for a new building of up to 1,858 sq m (20,000 sq ft) in north Bristol. The only existing property which fits IR’s requirement is The Quadrant at Aztec West, although the organisation will also consider design and build options.
King Sturge advised Orange
EGi News 11/03/97
