Halo,
Bristol

Features

• A prime site comprising the former Bristol and Avon fire station in central Bristol
• Acquired unconditionally and obtained planning for a 116,000 sq ft Grade A office development (Halo), together with 297 residential units (Millwrights Place and Coopers Court)
• Construction is now underway for Halo
• Osborne Clarke have pre-let 63% of Halo and the building was sold to Tesco Pension Fund in June 2020 for £69.4m, a net initial yield of 5.65%
• Sale of Millwrights Place (residential) to Grainger for £63.1m (3.75% NIY) and Coopers Court to Yarlington for £10.8m completed in December 2020

Purchase Rationale

• Prime city centre location
• Superb regeneration opportunity in one of the UK’s strongest regional cities
• Prime Grade A office development designed to meet changing occupier needs in supply starved market

ESG

Certifications

• Achieved BREEAM Outstanding
• Target EPC A
• WiredScore Platinum
• Cycle Score Platinum
• WELL Standard Pass certification

Resource use and efficiency

• 35% energy saving
• 47% less carbon emissions
• 69% less waster consumption
• Connecting with Bristol’s district heating network for low carbon heating

Renewable energy

• Roof-mounted photovoltaic panels
• Regeneration of energy from descending lifts

Health and wellbeing

• Ventilation system supplying 20% more fresh air to occupants than required by building regulations
• Rooftop garden

Location

• Temple Back Fire Station, Temple Back, Bristol BS1 6EU