Candour and Episo 5, a fund advised by Tristan Capital Partners, have commenced construction of 4 Glass Wharf – a new 212,000 sq ft (19,700 m2) flexible workspace in Bristol’s Temple Quarter.
The brand-new spec development over eight storeys is targeting a BREEAM Outstanding and WELL Core Platinum certifications.
Debt financing for the project is being provided by an affiliate of Apollo Global Management.
Candour co-founder, Toby Pentecost, said, 'The start of construction is a major milestone for the project. Working in partnership with Tristan Capital Partners and supported by Apollo, we are committed to setting an example in sustainable development and delivering outstanding workspace for Bristol City Centre. We are already seeing significant interest from occupiers.'
Paul Pritchard, director at Tristan Capital Partners, said: '4 Glass Wharf is set to become a new landmark in Bristol offering flexible, sustainable and collaborative workspaces that are designed to meet the needs of high-knowledge occupiers now and in the future. We are looking forward to working with Candour and the rest of the team to deliver this market leading scheme into a creative and exciting City like Bristol.'
Ben Eppley, partner and head of European CRE Debt at Apollo, said, 'We have a long-standing relationship with Tristan Capital Partners and whilst this project is our first venture with Candour, we have been impressed by its vision for this impressive development and others in the pipeline. We believe the scheme has everything an occupier today is looking for in a workspace-led scheme and we are highly committed to our role in its delivery.'
