The sale of a landmark office building in Bristol that was previously home to Lloyds Bank has completed.
Workspace firm Kinrise and real estate investment manager Mactaggart Family & Partners (MF&P) have acquired Canons House – an iconic Grade II listed office building of 200,000 sq ft in the Canon’s Marsh area of the city centre.
It is one of the most recognisable properties in Bristol, made up of circular offices around a landscaped courtyard and the large crescent office building overlooking Lloyds Amphitheatre.
The team will start work in 2025 to create a Grade A office with restaurants and events spaces for cultural and community programming, Kinrise said.
Samuel Lawson Johnston, Kinrise co-founder, said: “Canons House has the scale and architectural prominence to be Bristol’s leading office building. We look forward to it being full of thriving people, growing companies, life and soul. It has also been a long-standing ambition for Kinrise and MF&P to work together and this is the perfect project to bring out the best of our complimentary skills.”
William Laxton, chief executive of MF&P, added: “We are very pleased to have completed this acquisition and with such a compatible partner in Kinrise, too. Our experience of our existing portfolio is that the occupier market is extremely strong for the right assets in the right location. We are in no doubt that this development will prove to be best-in-class and that it will serve as a base for the region’s top office occupiers”.
The announcement comes three years after Lloyds announced plans to sell off its asset by the city’s harbourside in late 2021. The bank, which had owned the building for more than 30 years, relocated thousands of staff it had employed there to its nearby ‘Harbourside’ office, which overlooks the floating harbour.
It was understood Canons House had been underutilised for a number of years, and the move was made after a review of Lloyds’ property portfolio.
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