The purchase of 90 Victoria Street was made on behalf of the Ardstone UK Regional Office Fund, a programmatic venture funded by clients of CBRE Global Investment Partners and managed by Ardstone Capital. The deal is the fund’s twelfth asset.
Ardstone Capital acquired the newly refurbished building, which has recently been part let to Mazars LLP.
Mazars LLP have taken a 10 year lease on the top floor of the 24,377 sq ft building and there is a further 18,006 sq ft of newly refurbished office space available to let through the joint agents GVA and JLL.
Nick Cashmore of Ardstone Capital comments: “We are delighted to complete the acquisition of 90 Victoria Street, Bristol which represents another strong addition to the Ardstone UK Regional Office Fund and the first in Bristol. The purchase is in line with our strategy to focus on high quality office buildings where there is a potential to drive income in the strongest UK office markets. We continue to seek new additions to the fund that underpin our investment strategy.”
Alex Bignell, Head of UK at CBRE Global Investment Partners, said: “The acquisition of the fund’s twelfth asset is very pleasing and further underlines our success in creating scalable platforms with specialist operators in attractive sectors of the UK property market on behalf of our clients.”
CBRE’s Bristol office advised Ardstone Capital in the acquisition.
