Real estate investor acquires Bristol office building
RO Group has snapped up 90 Victoria Street in Bristol from Mayfair Capital.
90 Victoria Street is an office building comprising 24,377 sq ft of accommodation across four storeys.
The building is fully let and is home to a group of well-known companies including Mazars, and Tetra Tech Group, a global provider of engineering services, with over 450 offices.
Others are Francis Clark; and BJSS Limited, a tech and engineering consultancy with 19 offices in the UK, and more in Europe, the US, and Australia.
The property is situated in Bristol’s prime office location on Victoria Street which connects Temple Meads with the city centre.
The RO was advised by Knight Frank. Mayfair Capital was advised by JLL.
Nick Cashmore, investment director, the RO, said: “The acquisition adds a further high-quality asset to the portfolio in one of our target regional office markets. 90 Victoria Street is a well-located asset with a strong tenant line-up and low average rental level. We plan to actively asset manage the building, improving the ESG credentials to ensure the building is future proofed. We are in a strong position to move quickly when attractive opportunities present themselves and continue to seek new additions to the portfolio that fit our investment strategy.”
David Kershaw, group real estate director, the RO, said: “We are very pleased to be investing once again in Bristol, which is considered to be one of the most innovative and economically attractive places in the UK. Its flourishing TMT, professional, and financial services sectors are a big draw for us, with the city benefiting from a thriving office market. We look forward to our ownership of a marquee office in a great location where we see the potential for further value creation.”
