£11M refurbishment for Credit Suisse's Bristol offices

By Nicky Godding

21 June 2023

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Global investment bank Credit Suisse is to invest £11 million to transform a Bristol city centre office.

Design, build, fit-out and refurbishment company Paramount has been tasked with providing a high-spec refurbishment of the building on Temple Quay, with the view of creating one of Bristol’s greenest commercial buildings.

Paramount, which has offices in Bristol and Cardiff, will undertake the refurbishment alongside architect and design firm AWW and property consultants CBRE as project manager for clients Credit Suisse in a major boost for the South West economy.

Together, the project team will target the highest construction industry standards for sustainability and wellness, working towards securing the coveted BREEAM Excellent, Wiredscore Platinum and 3-star Fitwel 3 certification.

Kevin Mashford, the Paramount Sales Director who heads up the company’s Bristol team, said: “We are all delighted to have been handed responsibility for transforming 3 Rivergate and creating a truly inspiring workplace.

“We have developed a strong reputation for using our expertise to create spaces that are truly special, and we will ensure 3 Rivergate has a striking transformation and is an outstanding place to work.

“We look forward to working in close collaboration with CBRE and AWW on behalf of Credit Suisse to ensure 3 Rivergate is also one of Bristol’s greenest commercial buildings with sustainability and wellness at its heart.”

The year-long refurbishment project, which is now under way, will see the seven-storey, fully serviced Grade A office complex undergo a comprehensive refurbishment which will pave the way for 75,000 sq ft of available, flexible workspace via agents Lambert Smith Hampton and CBRE.

A range of new features will include a new striking façade, generous landscaping, amongst best-in-class end of journey facilities.

Paramount will introduce the latest energy-efficient systems, new building management system, solar energy panels, upgraded fire alarm, new security system, CCTV, access control, access barriers and a cycle-store.

Jack Sawbridge, Credit Suisse Asset Manager, said: “3 Rivergate is an exemplary project demonstrating our ability to adapt and recycle existing real estate for the modern occupier.

“We are delivering a modern workspace with a commitment to both occupier well-being and environmental sensitivity."

Paramount, whose turnover currently stands at £38.5 million, has created high-quality space for a number of leading companies.

These include football legend Gareth Bale’s Par 59 bars, multi-million-pound redevelopment of Hodge House in Cardiff, Development Bank of Wales HQ refurbishment, transformation of the landmark 360 Bristol office complex and office revamps in Bath for American software SmartBear and financial services consultancy Altus.

By Nicky Godding

Nicky Godding is editor of The Business Magazine. Before her journalism career, she worked mainly in public relations moving into writing when she was invited to launch Retail Watch, a publication covering retail and real estate across Europe.

After some years of constant travelling, she tucked away her passport and concentrated on business writing, co-founding a successful regional business magazine. She has interviewed some of the UK’s most successful entrepreneurs who have built multi-million-pound businesses and reported on many science and technology firsts.

She reports on the region’s thriving business economy from start-ups, family businesses and multi-million-pound corporations, to the professionals that support their growth and the institutions that educate the next generation of business leaders.