Salmon Harvester Properties Limited, a joint venture between Salmon Developments and NFU Mutual has commenced work on Two Glass Wharf, Temple Quay in Bristol and appointed a contractor Wates Construction. The 100,000 sq ft (9,290 s m), £35 million office development, with ancillary retail and restaurant use, sits within the city’s Enterprise Zone and is the first speculative development in Bristol for several years.
Rorie Henderson, Development Director at Salmon comments, “Having announced our intention to start building speculatively, we put the contract out to tender earlier in the Summer and are delighted to have appointed Wates. A large crane has now been delivered to site and the building frame will be constructed over the coming weeks. Completion is scheduled for November 2014.
“We have acquired three adjacent sites over the last few years and this is the first phase of our development plans at Temple Quay. We will officially launch the scheme and celebrate a start on site in early December and are delighted that George Ferguson, Bristol Mayor and Planning Minister Nick Boles MP will be joining us.”
Bristol Mayor, George Ferguson comments, “I’m delighted to see work starting at Two Glass Wharf. It’s great news for Bristol and a real vote of confidence by Salmon Harvester in the Temple Quarter Enterprise Zone, attracted by its financial incentives, and Bristol’s growing economy.
“This is the first major speculative development within Temple Quarter, and a further demonstration that we have an attractive proposition for investors, offering a first-class location, great connectivity, a talented workforce and a major investment in infrastructure over the next few years. I look forward to this high specification new building securing tenants and bringing more long term jobs and investment to the city region.”’
Gary Campbell-Dykes, Business Unit Director for Wates Construction, Southern Home Counties and South West, commented: “As the first speculative office development in Bristol in recent years, Two Glass Wharf is further evidence of the increasing investment in construction projects across the commercial sector. We are delighted to be working in partnership with Salmon Harvester Properties Limited to create a flagship office development facility at the heart of the city’s changing landscape.”
Alder King has been appointed as sole letting agent and is in discussions with potential tenants.