33 Bristol, the prominent Bristol city centre commercial asset owned by Topland, has been fully let following the expansion of technology tenant Domin.
An electrified hydraulic power generation specialist, Domin has more than doubled its footprint at the art deco-inspired office development from 4,500 sq ft 10,000 sq ft. The deal was led by agents Burston Cook.
Topland, the UK’s largest privately owned property investment firm, acquired the 33 Bristol in 2019 for £9.8m. The business then carried out an extensive £1m refurbishment of the asset to attract business back to the city centre post-pandemic.
The 46,000 sq ft building has been upgraded to a modern open plan workplace featuring grade A facilities including a brand-new reception and meet and greet area, locker room facilities, storage space for 78 bikes and electric vehicle charging stations.
Topland has welcomed a variety of businesses to 33 Bristol over the past three years including the very successful Orega Business Centre, Bristol Vaults and virtual events platform, Discussion Box, along with Domin who have taken 36,405 sq ft of space between them.
Steve Pope, group director of asset management at Topland, said: “We’re excited to see 33 Bristol at full capacity and boasting such a diverse range of innovative businesses. Domin’s further expansion in Bristol cements the region’s status as home for businesses in key growth sectors seeking flexible, grade A workspace. The deals struck with all our tenants at 33 Bristol reflect the exciting and high-quality space we have delivered as well as our ability to select underachieving assets and transform them into prime yielding investments.
“While many investors have remained cautious within the commercial market since the pandemic, we continue to remain proactive improving assets like 33 Bristol which have become increasingly popular as businesses return to urban centres.”
Finola Ingham, office agency director at Burston Cook, commented: “When Topland acquired the building it was 75% vacant. We are delighted that we have been able to assist Domin with their expansion and we look forward to working with Topland in the future to source more high quality tenants to enhance the under managed assets they acquire.”
