The West Country
Ten-year Lease Signed on LGIM’s Neighbourhood North, Bristol
Legal & General Investment Management (LGIM) announces the leasing of Neighbourhood North (formerly North Quay House). The Department of Levelling up, Housing and Communities has signed a 10 year lease on the 30,000 sq.ft refurbished building space.
Neighbourhood North is the first of three buildings within a group to be refurbished as part of plans to rejuvenate the buildings, improving their appearance and performance. The project is targeting BREEAM Outstanding and has been shortlisted for a British Council for Offices for South Of England & South Wales Refurbished/Recycled Workplace award.
A founding signatory of the Better Building Partnership (BBP), Legal & General embraced Neighbourhood North as a model for refurbishment rather than redevelopment. The project took a focused approach to carbon costing, balancing viability with a drive to lower the whole life carbon footprint of the works.
LGIM opted for a comprehensive refurbishment and small extension to the existing building to minimise embodied carbon. As a result, the redevelopment produced 28% lower upfront carbon than the Low Energy Transformation Initiative (LETI) 2030 target1 and 31% lower embodied carbon than the Royal Institute of British Architects (RIBA) 2030 target2.
The building has moved from gas to an all-electric model and demonstrates LGIM’s circular economy practises by re-using the gas boilers in-situ on another scheme in Cardiff. These initiatives along
1000 Aztec West in Bristol
Launched to Market Following a £17million redevelopment, the South West’s first Net Zero Carbon in operation out-of-town development has been launched to market by Jones Lang LaSalle (JLL), Cushman and Wakefield and Carter.
The addition of a new floor and striking three-storey atrium to the centre of the stunning new, all-glass structure has expanded the building from 38,000 to 80,000 sq ft, capable of housing an 850-strong workforce. The building incorporates a secure cycle block, with leisure club quality shower and changing facilities to encourage sustainable travel. The 1,300 sq ft state-of-the-art gym, wellness facility and daily classes on offer are designed to boost tenant health, fitness and productivity.
The setting alongside Aztec Lake, landscaped gardens and picnic areas and the rooftop terraces, helps boost mood. There is also a myriad of indoor spaces, including café, provide places to eat, meet, drink and work, all with access to Wi-Fi and plug-in points.
Boasting BREEAM Excellent and EPC A, the all-electric building, is powered by renewable energy and boasts energy-efficient heating, cooling and lighting systems. As well as saving some 1.7 million kg of embodied carbon, coupled with its Net Zero in Operation performance, 1000 Aztec West is a game changer for out-of-office headquarters.
The agents marketing the development are Jones Lang LaSalle (JLL), Cushman and Wakefield and Carter Jonas.
CEG has £300m investment properties currently under management across Bristol, providing some 450,000 sq ft of the highest-quality city centre and out-of-town workspace for start-ups, scale ups or corporate headquarters. As well Quorum in the city centre, CEG is redeveloping The Crescent Centre and is delivering the 200,000 sq ft EQ development at 111 Victoria Street.
More information is available at:
www.1000aztecwest.co.uk 60 COMMERCIAL PROPERTY MONTHLY 2024
with refurbished floor tiles, recycled roof coverings and increased on site renewables have ensured the limited carbon consumption where possible.
Nicola Hurst, Senior Asset Manager at LGIM Real Assets said: “We’re pleased to welcome new occupiers to Neighbourhood North, demonstrating that office schemes which are high quality and boast green credentials can continue to attract occupiers for the long- term.
We place emphasis on developing an identifiable and exceptional place to attract new businesses and employment opportunities in, especially catering for a new generation of occupiers who seek sustainable, low carbon, amenity rich workspace.”
Andrew Mercer, Office Sector Lead at LGIM said: “We’re thrilled to let another office space showing positive signs for the market. We believe that delivering an outstanding product can attract the best occupiers and generate a strong rental income for our investors. This is why we continue to invest in our office spaces, responding to the demand for high-quality products which aim to provide occupiers with an attractive and healthy place to work.”
Neighbourhood North sits within L&G’s UK Property Fund which invests in UK office, retail, industrial and residential property.
Knight Frank and Hartnell Taylor Cook acted as the office leasing agents for the building, which is the first of three properties on the site to undergo refurbishment.
Boxworks is Coming to Brabazon. Forward® Confirm Move of Iconic Business Spaces from Bristol Temple Meads to Brabazon
Boxworks provides flexible studio space for start-ups and small businesses. For the last 7 years, these eye-catching containers have been based at Bristol Temple Meads, providing a launchpad for over 80 local firms, from architects to lawyers, technology firms to charities, creative studios and product designers.
Brabazon is the new neighbourhood being built by YTL Developments on the former Filton Airfield, in the heart of North Bristol’s world- leading aviation, aerospace and technology cluster. Approximately 48,000 people already work in high-value manufacturing, life science and technology businesses within 2 miles of Brabazon. The arrival of Boxworks brings a valuable new incubator space to this ecosystem.
To date, approximately 150 new homes have been completed and occupied at Brabazon. A further 250 are currently under construction. YTL Developments also have detailed planning permission for a new local community hub in the historic aircraft hangar 16U, 1,514 beds of student accommodation, 239 homes designed for later living and the supersonic new 19,000-capacity YTL Arena Bristol.
In addition, YTL Developments have consent for Brabazon Park: a reimaging of Britain’s tradition of Victorian public parks and the largest new urban public space in the South West for over 50 years. And over £100million is being invested in local transport, including a new railway station that will connect to Bristol Temple Meads in less than 15 minutes.
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