Palmer/Cubex secure Bristol prelet wtih Simmons & Simmons

By Paul Norman - Tuesday, January 09, 2018 10:15

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Aurora, the green office building being developed speculatively at Bristol's Finzels Reach, is over 40% prelet six months ahead of completion following a letting to law firm Simmons & Simmons.

Local developer Cubex backed by Palmer Capital has secured Simmons & Simmons for the top two floors.

It has agreed a 12-year lease for 27,000 sq ft of offices within Aurora, a Grade A 95,000 sq ft building which secured a BREEAM ‘Outstanding’ accreditation last year. The law firm has taken the top floor and the fifth floor.

Simmons & Simmons is moving from 16,000 sq ft of offices at Linear Park.

Bristol office head and financial services regulatory partner, Mahrie Webb said: “We are very excited to be moving to the new Aurora building and the Finzels Reach location. Since opening our Bristol office in 2012, we have attracted some of the brightest and best lawyers the market has to offer - but we see this as just the beginning. If we are to continue to attract and retain high quality people to do premium work for premium clients we will need an office environment and location that is modern, inspiring and suited for the way people wish to work now and in the future. I see this move as good news for our people and, therefore, good news for our clients.”

Peter Walford, director at Cubex, said: “We are thrilled that Simmons & Simmons will be moving to Aurora and that the building is now 40 per cent pre-let. This represents the second deal we have secured at Aurora, illustrating continued buoyant demand in the city for high calibre office space with outstanding environmental credentials and an important emphasis on staff well-being in the workplace. It is fantastic to see work continuing apace on Aurora and we expect to be announcing more deals in the near future as the building has attracted further serious interest recently.”

Steven Wright, director at Palmer Capital, said: “It is excellent news that Simmons & Simmons will be joining Aurora. This new Grade A office building for Bristol that will provide much-needed office space of the right quality in the right location in a city where there is currently very little supply, whilst setting a new standard in Bristol in terms of its sustainability credentials.”

Aurora is the only speculative office development under construction in Bristol.

Once complete, Aurora will comprise six storeys.

Cushman & Wakefield advised Simmons & Simmons, with Savills and Knight Frank advising Cubex, the developer. Funding was provided by Palmer Capital.

It is the second deal secured by Cubex at Aurora. Last year, intellectual property specialist Mewburn Ellis agreed to take 13,326 sq ft on the first floor of the building on a 15-year lease. It will move to Aurora from Queen Square.

pnorman@costar.co.uk

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