The changing face of Bristol - Evolving Cities - Avison Young
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Evolving cities The UK’s cities are The Changing Face of Bristol is one of our series of reports looking undergoing a renaissance. at how the UK’s key cities are Large scale place making evolving and the transformational schemes are dramatically change that is occurring, either in terms of the scale of regeneration improving how they are activity or a shift in perception. perceived, making them For each city, we identify the key more desirable places to locations where such change has live and work, and better occurred over the last 10 years, able to attract new people and the major developments that and businesses. continue to deliver it. We then explore the key large scale regeneration opportunities going forward. Bristol today The nature of change Accordingly it didn’t experience Bristol is seen as a shining example Bristol has a population of almost These assets have also helped foster The completion of the Broadmead the same level of urban decay and of culture-led regeneration, with 500,000 people and this is projected its digital and creative economies, shopping centre in 2008 represented in Bristol’s property need for dramatic transformation. schemes like the £27.5 million M Shed to grow at an above the UK with one of the highest rates of a massive regeneration of the landscape is somewhat Having said this, in the late 1970’s Museum that opened on Princes average rate over the next 5 years. business start-ups in the UK and central retail area and this was unique in this series of the demise of Bristol’s shipbuilding, Wharf in 2011 an excellent example, It contributes approximately £12.6 the highest number of patents per further improved the same year docks and related industry did acting as a catalyst for further billion to the UK economy and has 100,000 people of any Core City. Its with the opening of Cabot Circus. reports. It did not suffer leave parts of the city redundant investment in the area, including the a higher relative contribution than creative strength has also received These developments attracted a socially and economically and in need of rejuvenation and redevelopment of Wapping Wharf. the UK average per hour worked. recognition and the development range of high profile retailers to from Britain’s industrial Bristol in need of a new identity. Bristol has been one of the UK’s most The service sector dominates of the Temple Quarter enterprise the city, including Harvey Nichols decline in the same way zone will boost office space and and House of Fraser and helped A combination of public and private prosperous cities for some time, employment but there is also a strong infrastructure for businesses strengthen Bristol’s position as a as the other cities we have investment, an effectively delivered supported by evolving regeneration presence in hi-tech manufacturing and underpin further growth. leading regional retail centre. looked at. City Centre Strategy and a range of and development. It is identified and media with Bristol being classified initiatives to improve infrastructure, internationally as a progressive, as one of the UK’s ‘Science Cities’. Commercial developments such as commerce and the retail and pioneering, diverse and talented Its leading universities have helped Temple Quay have established Bristol cultural offer have seen Bristol city. In an increasingly competitive drive this along with the development as the prime office location for the become a great success story. and globalised world, an ambitious of Bristol and Bath Science Park, region, attracting leading businesses future programme of investment establishing the location as a centre including IBM, Canada Life, HSBC, and development should ensure it for research and innovation. Burges Salmon and Osborne Clarke. retains its competitive edge and appeal in the years to come.
Changing places An ambitious pipeline of The acuteness of the housing The city will also benefit from affordability challenge in Bristol has investment in digital infrastructure projects over the next ten received a lot of attention and there and will be the next ‘gig-city’ providing years will help provide is currently a shortfall of housing ultra-fast internet speeds which will a platform for Bristol’s delivery and available land. This will support and attract businesses. require a strategic policy-led approach continued success but There is a new political dynamic to deliver more units and prevent the the city faces a number situation worsening and becoming an with the appointment of the first Metro Mayor, Tim Bowles, for the of challenges that these inhibitor of growth. combined authorities of Bristol, schemes and further Bristol’s infrastructure is set to improve South Gloucestershire and Bath developments will need to over the next ten years which is & North East Somerset, working address to avoid growth important in facilitating further growth towards a more joined up regional and has historically been seen as a strategy and greater autonomy being constrained. challenge for the city. Rail journey times with the Government. to Cardiff and London will be cut with This report identifies the schemes the electrification of the Great Western from the last 10 years that have been Railway and the new MetroBus most significant in delivering Bristol to network will improve connectivity its current standing. It also examines around the wider Bristol area. the schemes that will be delivered Ongoing investment in Bristol Airport in the next 10 years that will enable is improving national and international further growth and success. connections and the city and wider region will benefit from these in the future. Broadmead, Cabot Circus | © Hammersons
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1. Cabot Circus Cabot Circus was one of The project completed in 2008 and In total the scheme delivered 1,045,000 consisted of two parts; the main sq ft of retail space, 270,000 sq ft of the biggest regeneration Cabot Circus element and the smaller offices, 260 residential units, 2,616 projects in the South Quakers Friars. It represents the car parking spaces and public realm West and Bristol’s largest first stage of the wider Broadmead and connectivity improvements. regeneration, the second stage of The retail offering consists of 2 city centre regeneration which is addressed later in this report. department stores, 15 large stores programme since the and 131 shop units with House of Cabot Circus was a £250 million Second World War, project developed by Hammersons Fraser and Harvey Nichols as anchors. transforming the city centre. An 18 storey tower is home to the and Land Securities, with Chapman residential units and this forms a key Taylor as architects and became the part of the Quakers Friary element. first retail-led development in the UK to achieve BREEAM Excellent. It The scheme occupies 11.8 acres and also won the BCSC Supreme Gold attracts around 18 million visitors per for the best “In Town Retail Scheme year. It has been hugely successful of more than 300,000 square feet” and has paved the way for the wider and the MAPIC Retail Award for Best regeneration of Broadmead. Shopping Centre of the Year 2008. It has a striking design and boasts the largest UK constructed glass roof. © Hammersons
2. Broadmead This section addresses The scheme is being proposed Horsefair and Penn Street will be by Bristol Alliance Partnership redesigned to make the environment the plans for the future (Hammerson and AXA Real Estate) more friendly for pedestrians and redevelopment of who also developed Cabot Circus connectivity to Cabot Circus will Broadmead, representing and will build on the £250 million be improved. The Podium, one that was invested in that scheme. of the area’s most recognisable the second phase of landmarks will be retained as a the area’s regeneration The next stage of Broadmead’s feature in the redeveloped centre. regeneration consists of two following the work main individual developments: The development is expected to undertaken at Cabot create around 3,300 jobs and will Callowhill Court: an outline application Circus. has been lodged for the demolition dramatically rejuvenate Bristol’s already high quality retail offering. of Callowhill Court’s existing buildings The expectation is that construction and structures and its comprehensive would start in 2019, subject to mixed-use redevelopment, securing vacant possession along with adjoining land. of the existing premises. Broadmead/The Horsefair: this will see the redevelopment of the Broadmead and Horsefair shopping areas. Outline planning was submitted in December 2016 and all matters are currently reserved, other than vehicular access. The scheme will deliver approximately 1,103,100 sq ft of mixed use retail, commercial, leisure and hospitality space (Use Class A1, A2, A3, A4, A5, C1, D2). There will also be 150 Use Class C3 residential units, additional car parking, improved access, landscaping and public realm works. © Hammersons
3. Temple Quarter Enterprise Zone This section covers the The scheme covers circa 70 –– Corporate Finance / Professional hectares (173 acres) of land services: Beachcroft, Bond Pearce, wider Temple Quarter surrounding Bristol Temple Meads Burges Salmon, Capita, Create Enterprise Zone site. It is railway station. It features a range Group, Deloitte, Ernst & Young, located in the heart of of development opportunities Grant Thornton, Halcrow, KPMG, including over 2.6 million sq ft of Orange and Osborne Clarke Bristol and is a regeneration new commercial, residential and –– Civil Service cluster: DCLG, HMRC, opportunity that will ancillary leisure and retail space. HCA, Traffic Commissioner for South shape a new city quarter. The zone comprises a mixture and West of England, VOSA, DEFRA, It will play a key part in of ownerships, public and Department for Transport, Highways growing Bristol’s economy private, with different uses and Agency, and Planning Inspectorate and providing new homes development sites throughout the Funding for further infrastructure area. The key partners include: projects will come from a variety leisure and infrastructure. –– Bristol City Council of both public and private Temple Meads Station sources, with the key partners –– Homes and Communities Agency sits at the centre of the playing a significant role. –– Network Rail Enterprise Zone and will In the next 10 years there will be –– West of England Local be a transport hub for the many developments coming Enterprise Partnership quarter and the wider city. –– University of Bristol forward in the identified zone but the key projects include; The Enterprise Zone It is already host to a range of –– Arena – a new 12,000 was declared open by high profile occupiers across seat multi use arena. the Chancellor of the multiple sectors. These include: –– Bristol University – new business Exchequer in 2012 with –– Creative & technology: Artswork campus and student village. the aim of creating 17,000 Media, BBC Studios and –– Temple Meads Station Post Production, Big Blu, BT, redevelopment jobs by 2037, with a focus Documentary Image, Domain –– Paintworks – an innovative on four sectors, hi-tech; Associates, Element78, Epic mixed use development creative and digital, low Photography, Existem Ltd, –– Engine Shed II – A new innovation Fujitsu, Gravity Ltd, Hope Music carbon and professional Group, Ignition, Open, Peloton centre with a focus on incubating services. Design, Positive, ScaryCat new businesses, building on the Studio, Signal Network, the success of the original Engine Shed. © Grimshaw This is the most important white balance and Wrap3 The degree of change in this scheme that will change –– Financial services: Bank of Ireland area is enormous for the urban the face of the city and Financial Services, Canada Life, landscape, transport infrastructure provide an extension to DAS Legal, HSBC, NFU Mutual, and cultural and leisure offerings. Royal Bank of Scotland and Target The redevelopment of key sites will the city centre. provide a transformational change to a key gateway into the city.
4. The University of Bristol Campus The University of Bristol The strategic objectives being: The campus will initially cater for 3,500 students, the majority of whom will is building a new £300m –– A new business school be postgraduates, and approximately of 12,500sqm GIA campus that will bring 800 members of staff will be based –– A new digital innovation huge benefits to Bristol hub of 23,000sqm GIA there. Construction is expected to start in Summer 2019 once planning and give a huge boost –– Provision for academic expansion permission has been secured. the regeneration of the –– Up to 1,500 student rooms There has been much activity in Temple Quarter Enterprise –– Ancillary space the area by speculators and also the Zone. An outline planning –– Cattle Market site total University themselves. We anticipate application has been approx 60,000sqm GIA there will be demand from residential submitted on the former developers for a new high density –– Arena Island site total residential development as a result of Post Office sorting office approx 20,000sqm GIA the limited development opportunities site adjoining Temple They are proposing to build a in the city centre and the improved Meads Station, which campus that’s fundamental to connectivity and general activity re-imagining of business education created from the University’s proposals. will deliver a significant collocated with world-class science buzzing improvement to and engineering R&D focused on The University’s proposals will also now help assist in bringing forward one Bristol’s key gateways digital innovation at scale with the the redevelopment of Temple Meads aim to produce the skills pipeline into the city. to support the digital economy. Station to create new capacity and improved linkages through This will no doubt bring about the station to the new campus. new demand for housing, student accommodation and business space for supporting businesses. In addition it will link up well with very successful Engine Shed innovation centre and © The University of Bristol the high tech start businesses that are emerging from this area.
5. Temple Circus This project is part of the The proposals for the site seek to The refurbishment and extension of deliver approximately 430,000 sq ft the listed George & Railway Hotel wider regeneration of the of commercial space and 21,500 sq ft will host the new Engine Shed II, Bristol Temple Quarter of retail space. The scheme is being following the success of the University Enterprise Zone. It will be brought forward by Bristol City of Bristol-run Engine Shed enterprise Council and Skanska. The proposals hub. The Engine Shed houses the the highest profile site to are the subject of a hybrid planning University’s Bristol SETsquared come forward in the Zone application described as follows: Centre, which was named as the best and its redevelopment 1. Full Planning and Listed Building university business incubator in the will transform a key world in 2015 and supports a record Consent for the refurbishment, part number of businesses. The creation brownfield site which acts demolition, extension and change of Engine Shed II will offer more space as a gateway to the city. It of use of the former Grade II listed to support new business growth. George & Railway Hotel, demolition will kick-start the delivery of The Grosvenor, to provide The regeneration of the Bristol Temple of new high quality space 60,600 sq ft (GEA) of creative office Quarter will dramatically change in the Zone and is a key space (B1) with ancillary café/ the area. The vision set out in the restaurant uses at ground floor Bristol Temple Quarter Enterprise part of the City Council’s level (A3/A4), and cycle parking; Zone Spatial Framework is for a strategy. thriving new city quarter which over 2. Outline consent for the the next 25 years will provide 17,000 redevelopment of the remainder jobs, house an additional 4,000 of the site to provide up to people, see the construction of a 652,300 sq ft of new office new events arena and a significantly accommodation (B1), including improved railway station. up to 231,500 sq ft of retail uses (A1- A5), public realm and There are highway improvement landscaping works as well as works currently underway as part site servicing and car parking. of the delivery of the Metrobus which will both enable and benefit the scheme by reducing traffic and congestion, providing a new and enhanced public transport gateway within close proximity to the site and enhance pedestrian movement through the site. © Skanska
6. Wapping Wharf Wapping Wharf is an So far this has seen 194 apartments New pedestrian and cycle connections delivered across multiple tenures. They have been created, connecting on-going regeneration were designed by award winning Bristol Wapping Wharf to the wider city, scheme that forms a key architects, Alec French Architects and the Floating Harbour and the part of Bristol’s historic retained historic design features to MShed museum (which was also create a high calibre development. regenerated as part of the project). docklands along the The result has been a high profile Floating Harbour. The product that has generated a lot of The second phase of Wapping Wharf, which will commence shortly, first phase has been attention and is acting as a catalyst will complete the regeneration of completed, having been for the wider regeneration of the area. the famous Floating Harbour and kick-started by an award of The initial development at Wapping represents one of the most significant £12 million from the Homes Wharf has also seen the arrival of new schemes in the city. It will see the the first phase of CARGO, Bristol’s retention and restoration of several & Communities Agency first retail yard made of converted key listed buildings and will incorporate (HCA), under the Get shipping containers. The units the Old City Gaol gates to enhance Britain Building Initiative have been occupied by a range the City Docks Conservation Area. of independent retailers which, in 2013. The project is a combined with the unusual nature of In total the scheme will provide joint venture between the accommodation, has given the approximately 600 new homes and some office space along Umberslade and Muse location a very distinctive character. with public realm and connectivity Developments. Sovereign Housing assisted in improvements. The Metrobus route the delivery of the final phase will run adjacent to the site, connecting with the acquisition of 55 it to both the south and north of apartments for their PRS fund. the city. The project will also see the creation of Cargo 2 which, similar to the original Cargo, will consist of converted shipping containers with a focus on independent occupiers.
7. Finzels Reach Finzels Reach is a key city Plans for the site were initially The gross development value is approved in 2006 but work stalled in the region of £250 million and centre regeneration project following the recession. It is now is broken down into a number of that is transforming a site being brought forward by Palmer key individual elements which are previously occupied by Capital and Cubex Land and work either underway or completed: is well underway. This will deliver a the Courage Brewery and –– Bridgewater House (B1) – truly mixed-use scheme that will sugar refineries. In total it bring new life to a section of the city built and occupied covers 4.7 acres on Bristol’s that was quiet and under-utilised. –– Aurora (B1) – under construction. Completion expected Autumn 2017 waterside, consisting of The completed scheme will –– Premier Inn Hotel – under most of the south bank of comprise of approximately: construction. Due for Bristol Floating Harbour –– 437 residential units completion July 2017 between Bristol Bridge –– 240,000 sq ft of office space –– Hawkins Lane and George’s and St Philip’s Bridge. –– 30,000 sq ft of retail space Wharf (C3, PRS scheme, 194 units) – under construction –– Micro-brewery –– Finzels Bridge – a pedestrian and –– 168 bed Premier Inn hotel cycle bridge linking the scheme There will be extensive improvements to Castle Park across the Floating to connectivity and public realm, Harbour, under construction including 4 new pedestrianised –– Castle Wharf (C3) – built streets and a landmark 91 metre and occupied, 88 units bridge which is now open and –– Malt House (C3) – built will unlock the location. and occupied, 55 units A strong emphasis on sustainability –– Hop Store (C3) – built and occupied, is a core principle of the scheme, 55 units 100% affordable with the provision of electric car –– Finzels and Cask (C3) – under charging points, extensive bicycle construction, 38 units spaces and a focus on energy saving initiatives. There will be a Hawkins Lane and George’s Wharf focus on achieving top tier BREEAM represent Bristol’s largest Build to Rent ratings for the office buildings. deal and are being forward funded by Grainger who will acquire and operate the scheme upon completion. © Cubex
8. Bristol and Bath Science Park Bristol and Bath Science The Universities of Bath, Bristol and There is a 25,000 sq ft Innovation West of England are key stakeholders Centre dedicated to incubating early- Park is one of the UK’s most in the science park, enabling a world stage companies and accelerating important science and class environment for collaboration their growth. This includes business technology assets. It is an between academia and business. It advice and support, funding is home to the National Composites opportunities, mentoring and access on-going development, Centre which is one of the Advanced to collaborative opportunities. following decades of Manufacturing Catapult Centres More established companies are planning and private and and a world class research facility. catered for by the 25,000 sq ft Grow public sector collaboration. Ultimately the park will cover 59 acres on Centre, which offers world class and employ around 6,000 people, facilities and flexibility designed for following continued expansion over growing companies with adapting the next 15 years. The first phase of needs. It hosts a thriving, innovative the park, covering approximately community and is home to high-profile 29 acres, opened in 2011 and by 2014 occupiers at the forefront of their fields. had become the fastest growing There are a range of larger bespoke high-tech high cluster outside London. plots available for bigger occupiers, The park is located on the A4174 Avon ranging from 0.5 acres to 9 acres. ring road at Emerson’s Green, Bristol. It They benefit from top specification is close to Bristol’s major rail stations, digital infrastructure and roads the M4 and M5 motorways and is and utilities being in place. easily accessible from Bristol and Sustainable development has been a Heathrow airports. As the park expands key feature of Bristol and Bath Science it will benefit from improved public Park and it has achieved BREEAM transport, including a new Metro Bus and CEEQUAL Excellent ratings. It stop. South Gloucestershire Council has high quality communal green are currently in the process of seeking space, electric cars and bikes for use by to purchase BBSP from the HCA. tenants and an excellent reputation as The park offers a range of a highly skilled, exciting community. accommodation and facilities to cater to a variety of occupier needs. This includes small and large offices, serviced and non-serviced-semi- © Bristol and Bath Science Park industrial workspace, laboratories and conference facilities as well as band width and excellent communications.
9. Redcliff Quarter Redcliff Quarter is an The site has been vacant for The second phase is more over 25 years and consisted extensive and will provide: ongoing regeneration of derelict industrial units, in a project that will transform strategically significant area. –– The first Radisson Red hotel in Bristol with a 185 bed hotel, a historic trading quarter The completed regeneration will deliver creating an estimated 90 jobs in the heart of the city. The a major mixed-use development –– A roof-top restaurant will have project comprises two key that will revitalise the area. It will be panoramic views over the city. anchored by a 185 bed 4-star Radisson schemes on a 2.5 acre site Red hotel which represents a new –– Ground floor and mezzanine in the heart of the Redcliff urban-lifestyle concept for the brand. level restaurants and cafés will enhance the Quarter’s character, conservation area, between The regeneration will be geared to a creating up to 250 jobs. St Thomas Street, Redcliff ’18-hour city’ offering and in total there will be 600,000 sq ft of new space. –– A new European style food hall Street and Three Queens An ’18-hour city’ refers to a city that championing Bristol and South Lane. offers a more affordable location for West products and producers. living, doing business and investing –– 15,000 sq ft of new office than a primary market (London). accommodation. New public realm, open spaces, –– 317 new homes. courtyards and rooftop gardens –– A central tower that is set to mark will deliver a high quality urban a change in the city’s approach environment and there will be improved to density and the skyline to pedestrian connectivity. A landmark become an iconic beacon for 22-storey residential development inner city regeneration. will make the location stand-out and embraces the area’s glass making The second phase it is due to start in heritage. It also marks a departure mid-2017 with completion targeted from Bristol’s reluctance to grant for the end of 2018. It will completely planning consents on tall buildings. rejuvenate the area and establish it as a desirable place to live, work and visit. The project is being delivered by Change Real Estate, Cannon Family Office and ICG Longbrow, with a total investment of around £180 million. Construction on Phase 1, known as Samson Place, has © Lyons Sleeman-Hoare Architects already commenced and will deliver 128 residential units and retail units across a 0.8 acre section of the site and will retain some existing historic facades in its design. The residential units of the first phase have been acquired by Fabrica (A2 Dominion) as part of their PRS portfolio.
10. Cribbs Patchway New Neighbourhood Cribbs Patchway New It includes the former Filton Airfield –– 150,000 sq ft new retail floorspace and adjacent fields, the Cribbs and reconfiguration of an Asda Neighbourhood (CPNN) is Causeway commercial area of the site, creating 200 new jobs. located in the west of the Mall regional shopping centre, leisure –– The overall development of North Bristol Fringe and complex and various trading estates. the area is also likely to change It is located adjacent to other major is one of the largest areas Patchway Trading Estate with development sites including Horizon a new investment strategy. of development activity 38, adjoining Rolls Royce site, Airbus –– Merlin Road development of a in the region. Campus and further residential permanent ice rink and other development at Charlton Hayes. leisure and commercial uses, This project comprises a number of creating around 250 jobs. major schemes that will transform this –– £70 million investment in the edge of Bristol into a new community Airbus plant site for a new office and an attractive destination for campus (falls outside of the both jobs and leisure activities. CPNN area but is adjacent). The key schemes are: In addition, other nearby –– Extension to the Mall Shopping schemes at the eastern edge Centre comprising approximately of the north fringe include: £300 million investment in an –– Frenchay Hospital redevelopment additional 379,500 sq ft of retail and to provide 490 dwellings, a nursery leisure floorspace and new public and other community facilities. realm and transport enhancements, –– Land east of Coldharbour creating 3,000 new jobs. Lane will be developed and –– YTL are proposing a high quality high deliver 694 dwellings and density mixed use development on extra care for 290 people, 143.73 hectares of land comprising: –– An extension at the University of residential development for up to West England comprising 140 acres 2,675 dwellings and apartments, 40 x of academic and admin space, Live Work Units, 24ha of stand-alone mixed use commercial development employment land, 120 Bed Hotel, and public transport hub at the Rail Station, Education provision to University West of England include a Secondary School (8.31ha), 2 no. Primary Schools (total 5ha) and –– Harry Stoke development will 2 no. Children’s Nurseries, Community deliver 1,200 new homes and a © YTL Centre incorporating Library, further neighbourhood to the Built Sports facilities and Doctors east comprising 1,600 homes surgery, Dental Surgery, 70 Bed and other community uses. Extra Care Facility, Shops/Financial Services/Food and Drink facilities, Retail, Business Offices together with; supporting infrastructure and facilities. Infrastructure is expected to begin construction in the Spring 2018 and residential phase 1 start in Autumn 2018.
11. Horizon 38 Horizon 38 is a landmark The £120 million development will also North Bristol has seen some dramatic include a 25 acre frontage to the A38, changes over recent years and this is 65 acre site in Filton, North with 200,000 sq ft of proposed offices, a hugely important scheme, at a site Bristol and is opposite car dealerships, trade counters, self- that had been dormant since 2008. the Cribbs Causeway storage and a major business hotel. It will create a vast number of jobs and further establish the area as a residential development. The Horizon 38 site was acquired key employment centre in Bristol. The developers secured by developers St Francis Group and ISEC in 2015, and working with BP This is a major commercial detailed planning consent Pension Fund they will deliver this development for the north fringe for up to 1.2 million sq ft project, representing probably the of Bristol which, as an employment of commercial space, in largest speculative scheme the area focussing on industrial and addition to warehousing city has seen. It will provide much warehousing, will complement needed good quality space at a the residential (2,600 houses) and and industrial space. time when demand is outstripping retail developments at Cribbs supply and there is a particular Causeway on the other side of shortage of stock in North Bristol. the former Filton airfield. Construction is now well underway, following extensive groundworks, site preparation and the implementation of the main highway access. Delivery will be phased, with a number of buildings now complete and several high profile occupier deals already concluded, including Urban Village Hotels and Selco builder’s merchants. © ISEC
12. Hengrove Park, South Bristol Proposals for Hengrove It is intended that the former airfield recent years to the area, notably the land will be redeveloped to a high Lakeshore development by Urban Park are being progressed quality providing improved public Splash and Filwood Park Green by Bristol City Council to amenity and accessibility across Business Park, together with the deliver a new residential the site, whilst also delivering imminent start to the adjoining high much needed affordable housing quality residential scheme by Barratt led community of alongside private housing. An Homes. In addition, the completion of approximately 1,500 – outline planning application is the South Bristol Link Road, provides 1,800 new dwellings on expected to be submitted in 2018. for significant improvements to the 25 hectares (62 acres). road connections for the area. An early phase of development of this, in addition to the above There are also sizeable proposals has been brought forward by the for the redevelopment of the former Council, with Kier Living as the Somerfield HQ office building, known development partner, whom have as Park View, located off Whitchurch a planning application submitted Lane has permitted development for 261 dwellings that is expected rights for conversion to residential to secure approval in Spring 2018. apartments for 380 units. A screening opinion has recently been submitted The proposals for Hengrove Park for an increased density of 629 units. follow a number of successful public and private sector developments in © Bristol City Council
13. Central Park, Severnside Bordering the river Severn Take up has been unprecedented in Existing logistics occupiers include recent years and it has now become a Tesco, The Range, Lidl, DHL, and the M49 motorway , landmark in the national logistics map. Royal Mail, Farmfoods & Next. close to the second Severn Severnside is one of the largest new Fully funded and commencing crossing , is a consented 650 employment opportunities in the in 2018, Highways England will acre (263 HA) distribution Uk with original built distribution be constructing a new motorway and industrial development. space at over 2.2 million sqft and a junction on the adjacent M49 which further new 3.5 million sqft acquired will come straight into Central Park by occupiers in the last 5 yrs. alone. and Westgate. Severnside is an The principal developers have been Enterprise area and the support of Severnside land (Central Park), the local LEP has been a fundamental Hitchens / Redrow and ICI Estates. driver in delivering the project. There is potential for a further 10 million sqft to be delivered with huge employment and investment opportunities for the wider region © Severnside Land
If you’d like to talk to one of our team to discuss property services or any market leading research, please get in touch. Gordon Isgrove Regional Senior Director - Bristol 0117 988 5304 gordon.isgrove@gva.co.uk Jo Davis National Head of Planning, Development and Regeneration 0117 988 5224 jo.davis@gva.co.uk Richard Kidd Senior Director, Offices 0117 988 5244 richard.kidd@gva.co.uk Richard Howell Senior Director, Investment 0117 988 5210 richard.howell@gva.co.uk Joshua Rose-Nokes Senior Researcher 020 7911 2740 joshua.rose-nokes@gva.co.uk GVA Bristol St Catherine’s Court, Berkeley Place, Bristol BS8 1BQ GVA Offices Birmingham Dublin Leeds Manchester Linkedin/gvauk @GVAviews Bristol Edinburgh Liverpool Newcastle GVA is the trading name of GVA Grimley Limited. Cardiff Glasgow London ©2018 GVA File number: 11453 This report has been prepared by GVA for general information purposes only. Whilst GVA endeavours to ensure that the information in this report is correct it does not warrant completeness or accuracy. You should not rely on it without seeking professional advice. GVA assumes no responsibility for errors or omissions in this publication or other documents which are referenced by or linked to this report. To the maximum extent permitted by law and without limitation GVA excludes all representations, warranties and conditions relating to this report and the use of this report. All intellectual property rights are reserved and prior written permission is required from GVA to reproduce material contained in this report. GVA is the trading name of GVA Grimley Limited. ©GVA 2018.
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