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The Business Magazine November 2023
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Alder King and Knight Frank appointed to market Welcome Building

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Commercial property agents Alder King and Knight Frank have been appointed as joint leasing agents on the 212,000 sq ft Welcome Building in Bristol's Temple Quarter.

The grade A speculative office scheme is currently under construction. Developers promise it will be built to the highest environmental sustainability standards – with the design targeting BREEAM Outstanding, WELL Core Platinum and EPC A rating. It will be net-zero in operation.

The eight-storey workspace is funded by a joint venture between Candour and Tristian Capital Partners’ EPISO 5 fund, with debt financing provided by an affiliate of Apollo Global Management.

The development offers a variety of flexible spaces within typical floors of 30,000 sq ft. It will feature a vast Welcome Hall on the ground floor of the development, which will accommodate a performance space, fitness and wellness suite, café and space dedicated to encouraging local collaboration, performance and art.

Toby Pentecost, Candour co-founder, said: “Welcome Building will deliver an exceptional workspace that meets the needs of modern occupiers while setting a new standard for environmental sustainability.

"From conception it has been our intention to deliver a flue-less, all-electric building. We will take heat from the Bristol District Heat Network.

"By committing to this important local technology, we expect to help drive it to becoming fully de-carbonised and at the same time to provide low-cost and sustainable energy across the city.

"Welcome Building will provide a variety of spaces to encourage its customers to want to engage with each other to work, to celebrate and socialise together.

“We look forward to working with Alder King and Knight Frank which both have deep local market knowledge and understanding of the customer need, and will challenge the team to meet the demands of the modern occupier.”

Paul Pritchard, director at Tristan Capital Partners, said: “We’re seeing continued demand for ESG certified high-quality, well-located office workspace which is complemented by a combination of amenities.

"In the continued drive to attract the best talent, businesses are re-evaluating how they engage with their office space and this is fuelling a flight to quality which we’re seeing in multiple locations both in the UK and Europe.”

Simon Price, partner at Alder King, added: “Against a background of very strong performance in the city centre market over the last 18 months, space of this quality will further underline Bristol’s credibility as the leading regional city.”

Martin Booth, partner at Knight Frank, added: “Due for completion in Q4 2023, we’re absolutely delighted to have been appointed on Welcome Building, an exciting office development set to showcase outstanding sustainability credentials within an innovative contemporary environment.”

Peter Davison is deputy editor of The Business Magazine. He has spent his life in journalism – doing work experience in newsrooms in and around Bristol while still at school, and landing his first job on a local newspaper aged 19. By 28 he was the youngest newspaper editor in the country.

An early advocate of online news, he spent the first years of the 2000s telling his bosses that the internet posed both the biggest opportunity and greatest threat to the newspaper industry and the art of journalism. He was right on both counts.

Since 2006 he has enjoyed a career as a freelance journalist. He lives in rural Wiltshire with one wife, two children, and three cats.

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