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News Release

Bristol

Vantage Office Park Let in Quick Deal


Bristol, 30th April 2012 – Jones Lang LaSalle has secured a tenant for 2,995 sq ft at the Vantage Office Park in North Bristol within five weeks of the property becoming vacant, an unusually fast turnaround and a positive sign of the improving health of the commercial market in Bristol.
 
Unit B1, a two storey office which comes with 11 parking spaces, has been let on a 10 year lease with option to purchase by Edge Tax Consultancy Limited, a firm of Chartered Tax Advisors specialising in providing strategic solutions to wealthy individuals and families, entrepreneurs, property investors, employers, and owner managed businesses.
 
Jones Lang LaSalle acted as joint agents with Hartnell Taylor Cook on behalf of the landlord Summerfield Developments. 
Ben Trickey from Summerfield Developments says: “The new tenancy means that all Summerfield Development’s units at Vantage Office Park are occupied demonstrating that well designed office space in North Bristol is still in demand. Summerfield undertook strip out, recarpeting and redecoration works within a short window of time to get the offices let.”
 
Ian Wills, director in the Bristol office agency team at Jones Lang LaSalle adds: “Such a quick turnaround time is fantastic news. The location and flexible office space on offer at Vantage Office Park has proved very popular with local businesses.”
 
Vantage Office Park was built in 1995 and is on Old Gloucester Road near its junction with Winterbourne Road.  It is perfectly located for easy access into central Bristol, the M32 motorway, the M5 and Bristol Parkway station. The offices were refurbished to a high standard to the client’s specifications with partitions removed to create an open plan space and new carpets throughout.

Anton Lane, owner and managing director of Edge Tax Consultancy says: “Although we were already local, the spacious and bright offices at Vantage Office Park were a natural progression for Edge. We have rapidly grown over the last few years, are continuing to do so and have been searching for larger offices some time. The facilities and access are excellent in the area and we were naturally delighted when these offices came onto the market.” 
 
The deal confirms the general trend in Bristol where there is a healthy commercial market despite difficult economic circumstances.  Figures from across the market show that take up of commercial office space in Bristol has been higher than anticipated for the first quarter of 2012 and out of town space has performed particularly well, with 107,000 sq ft sold or let between January and March this year. This is 25% higher than the five year quarterly average.
 

Notes to editor:
Summerfield is a developer of considerable experience active throughout the South West, currently with ongoing projects at Bristol, Chippenham, Exeter, Taunton, Wellington and Weston-super-Mare.  Since 1987, Summerfield have developed over 3 million sq ft of commercial space and have established a reputation for offering quality accommodation to discerning occupiers. www.summerfield.co.uk