Robert Hitchins Investment Properties Ltd has completed the purchase of a prestigious office building in the heart of Bristol.
Simon Tothill, Property & Development Director for Robert Hitchins Ltd, said the company was pleased to add 31-32 Queen Square to its growing Bristol portfolio.
“It’s a great building in a prime historical location which fits our requirements really well,” he said. “RHIP worked well with the vendors and succeeded in completing the acquisition within a tight time frame. Now we look forward to working with the two long-established tenants and look to enhance the building and its facilities.”
The five-storey property, extending to a total 13,124 sq ft, is fully let to Toshiba Europe Ltd and Great American Europe Ltd. The vendor was a fund managed by abrdn.
This latest purchase by RHIP is its sixth in Bristol. Simon Tothill said: “RHIP is continuing to invest in Bristol, the greater South West and South Wales, seeking the right opportunities with potential to add value. We are proud of our reputation for the way in which we work closely with our occupier customers to build and maintain good relationships and provide the right space that allows them to prosper.”
RHIP was represented by JLL and solicitors Foot Anstey.
Simon Bennett, Director at JLL, said: “We are delighted to have assisted Robert Hitchins in the acquisition of the property. Queen Square has always been a prime office location with easy access to Broadmead, Temple Meads, and the local leisure facilities. The building will be a great addition to their portfolio.”
Advisers for abrdn were solicitors Addleshaw Goddard. The agent was Gerald Eve.
Robert Hitchins, based at Boddington in Gloucestershire, is one of the leading property developers and investors in the South West and South Wales. It provides the full development process from site acquisition and planning through to development and investment.
