Candour, Tristan Fund and Wates to build Bristol landmark
Candour and EPISO 5, a fund advised by Tristan Capital Partners, have started building 4 Glass Wharf – a new 212,000 sq ft flexible Grade A workspace with lifestyle amenities in Bristol’s Temple Quarter, which aims to complete in Q4 2023.
The eight-storey building offers a collection of open and reconfigurable spaces ranging between 10,000-30,000sq ft
and all floors can be subdivided into four separate tenancies. The flexible workspace is complemented by an events space, open kitchen, and interactive art.
The building is targeting a BREEAM Outstanding and WELL Core Platinum certifications alongside an EPC ‘A’ Rating. More than 290 cycle stations will be on site and rapid electric vehicle charging points will also be available.
The development is funded by a joint venture between Candour and EPISO 5, a fund managed by Tristan Capital Partners and with debt financing provided by an affiliate of Apollo Global Management.
Candour co-founder, Toby Pentecost, said the start of construction is a major milestone for the project. "Working in partnership with Tristan Capital Partners and supported by Apollo, we are committed to setting an example in sustainable development and delivering outstanding workspace for Bristol City Centre. We are already seeing significant interest from occupiers.”
Paul Pritchard, Director at Tristan Capital Partners, said 4 Glass Wharf is set to become a new landmark in Bristol,
offering flexible, sustainable and collaborative workspaces that are designed to meet the needs of high-knowledge occupiers now and in the future. "We are looking forward to working with Candour and the rest of the team to deliver this market leading scheme into a creative and exciting City like Bristol.”
Ben Eppley, Partner and Head of European CRE Debt at Apollo, said: “We have a long-standing relationship with Tristan Capital Partners and whilst this project is our first venture with Candour, we have been impressed by its vision for this impressive development and others in the pipeline. We believe the scheme has everything an occupier today is looking for in a workspace-led scheme.”
Wates Construction, a privately owned national contractor, has been appointed to deliver the asset.
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