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Jones Lang LaSalle secures deal with Research Media Ltd
Bristol, 24 February 2014: Research Media Ltd, which specialises in the global communication of scientific and technological research, is expanding its business and relocating to a central Bristol office in Whitefriars, Lewins Mead.
The company will relocate to a new 5,126 sq ft city centre office in the landmark Whitefriars building, which is owned by the Topland Group, from its Gloucester Road premises as part of its expansion plans.
Jones Lang LaSalle and Alder King acted on behalf of the landlord Topland Group Plc, which bought the building eighteen months ago and has since been carrying out extensive refurbishment of the space.
A total of 38,090 sq ft out of a total 140,712 sq ft is still available across 10 office suites and, at £9 per square foot, Jones Lang LaSalle believes this is the lowest rent for good quality refurbished space in the city centre.
Ross Wigley, surveyor in the Bristol office agency team at Jones Lang LaSalle, said: “The refurbishment of space in a prime location, affordability and one of the best car parking ratios in the city centre has resulted in a surge of interest in Whitefriars.
“It is one of the only central Bristol office buildings to offer an on-site gym with fitness facilities available exclusively to occupiers and onsite café is also proving to be attractive to tenants.”
Research Media offers dissemination services to the science, technology and research sectors through a range of channels including their flagship publication, International Innovation, videos and animations, events, and website development.
Vicky Williams managing director at Research Media, said: “Over the last few years, our business has gone from strength to strength and we’re quickly growing in Bristol. We wanted to acquire more space to expand the team but also find a central base so that we can continue to grow the services we offer to the global scientific community.”
Ben Ryan, Asset Manager at the Topland Group plc added: “Since the purchase of Whitefriars 18 months ago, we’ve reduced the vacancy rate from 40 per cent to 27 per cent through a programme of refurbishment and an aggressive re-letting strategy. In 2014 already, we have let 21,000 sq ft to a variety of tenants with more deals in the pipeline this year.”