Deutsche Postbank AG London Branch and Security Trustee for Finzels Square Limited, Bridgewater Plaza Limited, Finzels Commons Limited and Counterslip Centre Limited have appointed LPA Receivers at Savills over Finzels Reach in central Bristol.
The former Courage Brewery site is a major mixed-use regeneration project, which started in 2009 and has been part completed.
The scheme has completed phases comprising Bridgewater House, a 118,000 sq ft office building part-let to BDO, and the Malt House and Castle Wharf private flats.
Planning permission exists for the Temple Building, a 164,000 sq ft speculative office, further apartment blocks with shops, as well as leisure elements and the Fermentation Building and Hawkins Lane. Finzels Reach also includes The Generator Building, a vacant 30,000 sq ft listed building.
Kevin Mersh, director at Savills, who was appointed LPA receiver alongside director Julian Clarke, said: “Initially we will undertake a strategic review of the asset, which will take a number of months and we are not anticipating an immediate sale of the entire scheme or its component parts. It is business as usual at Finzels Reach and our appointment means that the delay in progressing this important project is nearly at an end.”
annabel.dixon@estatesgazette.com
