Sale completes on Halo, Finzels Reach, Bristol

By Nicky Godding

3 April 2024

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Tesco Pension Investment has completed the sale of Halo, Finzels Reach, Bristol to CBRE Investment Management.

Halo was funded by Tesco Pension Investment and delivered by Cubex with construction completed in November 2022. The building is a best in class sustainable office building totalling 116,000 sqft and was pre-let to international legal practice Osborne Clarke and consultancy Deloitte during its development.

Halo is the latest component of Finzels Reach, the leading mixed use regeneration project in the South West of England delivered by Cubex providing one million sq ft of mixed use accommodation. Located in the heart of Bristol the project has delivered a waterfront destination overlooking The Floating Harbour and providing a location for people to live, work, visit and socialise within a mix of high quality new build accommodation alongside restored heritage architecture.

Andrew Phillips, Director in UK Investments at Savills Bristol, said: “The Bristol office market dynamics are consistently strong. Occupiers are increasingly looking for high quality amenity rich sustainable office space. Halo is a stand out building meeting the occupational aspirations of Osborne Clake and Deloitte.”

Savills acted on behalf of Tesco Pension Investment on the disposal. Knight Frank acted on behalf of CBRE Investment Management on the acquisition.

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.