• Swindon & Wiltshire Property
• Wednesday March 27 2024
• Author Name: Peter Davison

Bristol’s Halo office block sold to investment company

A landmark office block in Bristol has been sold to an investment management company.

Tesco Pension Investment has completed the sale of Halo, Finzels Reach, Bristol to CBRE Investment Management.

Halo was funded by Tesco Pension Investment and delivered by Cubex with construction completed in November 2022.

The building is a best-in-class sustainable office building totalling 116,000 sq ft and was pre-let to Osborne Clarke and Deloitte during its development.

Halo is the latest component of Finzels Reach, the leading mixed-use regeneration project delivered by Cubex providing 1 million sq ft of mixed-use accommodation.

Located in the heart of Bristol the project has delivered a waterfront destination overlooking The Floating Harbour and providing a location for people to live, work, visit and socialise within a mix of high-quality new build accommodation alongside restored heritage architecture.

Savills acted on behalf of Tesco Pension Investment on the disposal. Knight Frank acted on behalf of CBRE Investment Management on the acquisition.

Andrew Phillips, director in UK investments at Savills Bristol, said: “The Bristol office market dynamics are consistently strong.

“Occupiers are increasingly looking for high-quality amenity-rich sustainable office space. Halo is a stand-out building meeting the occupational aspirations of Osborne Clarke and Deloitte.”

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