A team of Real Estate and Construction specialists from Burges Salmon has advised Skanska on its first UK commercial development project in Bristol at 66 Queen Square. The 61,000 sq ft office will be completed in the summer and will provide Grade A office accommodation in the heart of the city with spectacular views over the square.
The new building which incorporates a Georgian terrace that has been extensively refurbished is pre-let to accountancy firm KMPG which is relocating from premises at 100 Temple Street in Bristol. KPMG is taking a 15 year lease of the first, second, and third floors of the building, which is BREEAM Excellent rated, as well as part of the ground floor totalling 52,000 sq ft.
9,000 sq ft of the building is still available to let on the part ground, fourth floor and a self-contained terrace building.
Skanska's construction team has worked closely with KPMG to adapt the design to meet the tenant's needs, blending existing with new to create a flexible, modern office space in a historical setting.
Real Estate partner Ross Polkinghorne led the Burges Salmon team advising Skanksa on the project said: 'It has been a pleasure to work with Skanksa on this major commercial development, providing their tenant KPMG with an exceptional new workplace in the heart of Bristol's prime office area.'
Alex Jordan, Skanska’s leasing director, said: “We are delighted that KPMG will be the main tenant for our first UK commercial development project in Bristol. As developers working with our own construction team, we have been able to adapt the design of the building to fit with the needs of our tenant, while securing the longest lease in the city in recent years. We are delighted to have worked with the Burges Salmon team on this project and are very pleased with the exceptional service they provided.'
In addition to Ross Polkinghorne the Burges Salmon team consisted of Real Estate lawyers associate Drew Nesbitt and solicitor Peter Alford working with members of the firm's Construction practice.