PRUPIM fund One Victoria St Bristol refurb24th September 2012

Backed by real estate fund manager PRUPIM, work has begun on a project to re-model, extend and refurbish One Victoria Street, one of Bristol’s most prominent office buildings.

Situated next to the Bristol Bridge, One Victoria Street has views of the Floating Harbour. On completion, this five-storey 1980s building will create 47,000 sq ft of contemporary office space to BREEAM Excellent standards. PRUPIM have appointed Cubex Land as development manager to co-ordinate the delivery of the project, while Leadbitter Construction will assume status as main contractor.

The refurbishment work will include a dramatic re-modelling of the façade, an extensive upgrade of the entrance and reception and the extension of the fifth floor to create a penthouse office suite. Also in scope is a new lift and stair core on the Redcliff Street elevation, enabling the removal of the existing core to provide light, open floorplates. Completion of the scheme is scheduled for Autumn 2013.

Martin Booth, partner at letting agents, Knight Frank, said: “With the continuing erosion of the supply of Grade A space in central Bristol, One Victoria Street will come to the market at the ideal time. Initial enquiries are already encouraging, demonstrating there will always be strong demand for genuine landmark buildings.”

Cubex director, Gavin Bridge, added: “We believe that on completion, One Victoria Street will be Bristol’s only refurbished building to achieve a BREEAM Excellent rating. This is a ground breaking step highlighting that it is not only new offices, which are capable of achieving such high standards of energy efficiency and low carbon emissions.”