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Letting at Hanover House underlines resilience of Bristol city centre office market

210820LettingatHanoverHouse

Global software company leases second floor of prominent six story office building which recently underwent high-specification refurbishment.


The resilience of the office market in Bristol city centre has been underlined by the letting of the second floor of Hanover House by Colliers International.

Datamine Software, a leading global supplier of geology and mine planning software, has taken 3,255 sq ft on a five year lease at the six storey building, in a deal that went under offer before the lockdown.

Hanover House, which is prominently located on Queen Charlotte Street, recently underwent a comprehensive programme of refurbishment to create state-of-the-art office space. This features a remodelled reception area, brick feature walls, exposed ceilings with LED lighting, a VRV cooling system, new shower facilities, cycle storage and car parking.

James Preece, director in the National Offices team at global real estate advisor Colliers international, which acted as sole agent for the landlord, said the letting of this high specification space demonstrated the continuing strength of the Bristol city centre office market despite the COVID-19 pandemic.

“The high quality of the refurbishment including losing some office space to create a larger remodelled reception area has meant that we have seen a high number of enquiries. This deal was placed under offer before the lockdown, but the quality of the space ensured that it reached completion," he said.

“This letting underlines how the fundamentals of the office market in Bristol city centre remain robust, despite the challenges of the pandemic.

“The market continues to be driven by a chronic shortage of Grade A stock, and demand is dominated by requirements from companies in the technology, media and business/financial services sectors.

“As a result high-quality, well-located space such as this at Hanover House is attracting proactive interest from potential tenants who are aware of the low availability levels.”

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James Preece

Director

National Offices

Bristol

I am a Director in the National Offices team based in Bristol and have over 22 years experience.

Having joined Colliers in August 2008 my role has included numerous disposals and acquisitions in the South West for a myriad of clients, from large funds such as Aviva to private individuals.

I previously worked for Bidwells Business Space Agency team in Cambridge (2003 -2008) where I specialised in office and research & development disposals and acquisitions.

Before this I worked for Chesterton International Plc in London. After qualifying as a member of the Royal Institution of Chartered Surveyors in 2001, I remained in the City office agency team.

 

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