YTL Developments Ltd, part of the company which owns Wessex Water, and the developers of the Filton Airfield site, have completed a new lease of Concorde House in Patchway, Bristol, following a deal brokered on behalf of private clients by Bruton Knowles and joint agents JLL.
The building, which was recently refurbished by asset managers DJ Foley, comprises a detached office building of 12,500 sq ft plus 1,500 sq ft of storage, and has been leased by YTL as their office base for the Filton Airfield development during the initial phases of the scheme.
Strategically located less than half a mile from Junction 17 of the M5, the refurbished open plan office space is configured over ground and first floors with secure workshop and storage space to the rear.
Crucially, it is also adjacent to the former Filton Airfield site, where a new community is to be created, comprising homes, schools and a retail centre, along with commercial space, community facilities, and recreational spaces and play areas.
The YTL Corporation has an impressive track record of world-class development projects, and serves more than 12 million customers across Asia, Australia and Europe. The company has ambitions to become one of the largest developers in the UK, with a mission to develop sustainable communities that understand the needs of people, with outdoor spaces inspired by the local community.
YTL have taken a new lease on Concorde House, in what was the second largest deal in the Bristol out of town market during Q2 2017, and the 3rd largest in the out of town sector in the year to date.
Paul Williams from Bruton Knowles’ Bristol office said Concorde House is well located on the North Bristol fringe next door to The Mall at Cribbs Causeway and immediately adjacent to Filton Airfield, which was of particular interest to YTL.
“This is a stand alone office building with storage and on-site parking for up to 67 cars – which made it ideal for YTL who were seeking a suitable building to become their base for the initial phases of the Filton Airfield development, a significant regeneration scheme which is of strategic importance to Bristol in delivering much needed new housing stock together with the necessary features to deliver a sustainable community fit for the 21st Century.”
