The West Country AXA IM Alts Completes 90,000 sq ft Building C at Assembly Bristol


Assembly Bristol is a flagship mixed-use regeneration scheme, offering 320,000 sq ft of flexible and smart workspace across three buildings, as well as cafés and public space. The scheme is located at the heart of the well- connected urban area of Bristol, providing a short walk to the city centre, Temple Meads Station, Cabot Circus shopping district, and the Floating Harbour.


Assembly Bristol has been developed by AXA IM Alts, on behalf of clients, with Bell Hammer acting as development manager.


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AXA IM Alts, a global leader in alternative investments with €183 billion of assets under management[1],


has achieved Practical


Completion of Assembly Bristol’s Building C, delivering 90,000 sq ft of BREEAM Excellent and SmartScore certified Grade A office space across 12 storeys in the centre of Bristol.


Using modern methods of construction (MMC) and offsite fabrication, Building C’s upfront embodied carbon has been reduced by 45% against a typical office building. The property offers exceptional occupier amenity with balconies on every floor and a 5,000 sq ft rooftop terrace with club lounge.


Building C is already 26% let, with the remaining space available to lease. Bristol-based law firm Clarke Willmott LLP has relocated its head office to the top two floors of the new building, a move that supports its commitment to high quality flexible working and the highest standards of sustainability. Leading provider of end-to- end wireless IoT connectivity solutions, Nordic Semiconductor, has also occupied a further 7,800 sq ft across the entire ninth floor of Building C.


The completion of Building C follows the delivery of the 200,000 sq ft Building A in 2021, which is fully let by BT.


Bridging the Gap: Property Management for Private Investors By George Hooton of Hootons In the realm of real estate investment, the


gap between professional management for institutional-grade assets and that of private investors is widening, presenting both


challenges tandem to and


While large assets typically benefit from the expertise of Asset,


optimise


Facility Management companies working in


opportunities. Property, and operations


and enhance values, private investors often find themselves navigating the complexities of property management


alone, especially when dealing with single buildings or small portfolios.


One of the primary challenges facing private investors is the increasing burden of Health & Safety and regulatory compliance, mirroring trends seen in the residential market. Commercial properties, despite often being subject to Full Repairing and Insuring (FRI) leases, still require the owners to ensure compliance of their properties. This can prove daunting, particularly when confronted with tasks such as gaining and renewing Fire Risk Assessments (FRA),


Electrical Certificates


(EICR), Gas Certificates, Asbestos Surveys, Energy Performance Certificates (EPC), and more.


Without proper processes in place, small-scale investors risk not only non-compliance but also the depreciation of their


56


Assembly benefits from a prime location on the waterfront in Bristol city centre, landscaping and numerous outdoor spaces, as well as stunning rooftop views. It is a unique workplace, sustainably designed with flexible floorplates and natural light, and focused on the well-being of its occupants.


assets, higher maintenance costs and longer void periods. As a result, many investors eventually turn to professional property management companies for assistance. However, navigating the landscape of property management services can be challenging, with varying levels of quality and a preference among top national firms for larger assets.


At Hootons, we recognise the need to bridge this gap and provide comprehensive property management solutions tailored to the needs of SMEs and private investors across retail, industrial, and office sectors in the South West. Our approach encompasses a range of services designed to alleviate the burdens of property management and lease compliance, while working to maximise rental income and asset values.


Property investment remains as one of the best performing asset classes and accounts for a significant proportion of private wealth, but unlike stocks & shares, navigating these assets can be very complex and often requires a hands on approach, which most early investors have not fully taken into account.


Overall, the gap between professional management for


institutional-grade assets and that of private investors is a growing challenge in the commercial real estate market. However, with the right partner, private landlords can overcome these challenges and unlock the full potential of their investments.


COMMERCIAL PROPERTY MONTHLY 2024


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