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The Business Magazine November 2023
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Downing makes Bristol expansion with multi-storey carpark acquisition

20 November 2023
The Business Magazine article image for: Downing makes Bristol expansion with multi-storey carpark acquisition

Real estate developer Downing has made its first acquisition in Bristol with the purchase of a multi-storey carpark in the city centre.

NCP's Nelson Street Car Park sits in-between Fairfax Street, The Pithay and All Saints Street. The site covers around 0.64 acres, has 295 parking spaces, and rises up ten levels.

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Director at Downing, Paul Houghton, said: "The site on Nelson Street is a strategic acquisition for Downing to further expand its portfolio in the South West.

"Bristol is a city that boasts impressive retention rates, great green space and a thriving economy.

"We see it as a key growth area for Downing, as we look to build on our impressive investment portfolio."

Read more - Shepherd Neame acquires historic seafront pub in Herne Bay

Tom Kilkelly started working as a freelance journalist for The Business Magazine following his graduation from UCL in 2022.

During his studies Tom became very interested in the works of Irish authors including Samuel Beckett and Flann O'Brien (Brian O'Nolan).

His current role as a freelance business reporter is his first exposure to the world of business journalism. Working at TBM has given Tom the chance to really get to grips with the goings-on in the business hive that is the South East.

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