Company behind the Paintworks embarks on exciting new redevelopment
The recent upturn in activity in the Bristol office market has prompted the city’s first speculative office refurbishments in five years.
Verve Properties, the London-based company behind the highly successful Paintworks scheme in the Brislington area of the city, has recently embarked on an exciting redevelopment of Company House, a Grade II listed former brewery on Tower Hill near Old Market in Bristol city centre.
Known for its creative redevelopment of unusual commercial buildings with an industrial heritage, Verve recognised a gap in the Bristol office market for trendy office workspace that would inspire and appeal to the city’s vibrant creative sector.
It is now on site redeveloping the striking four storey period building to create 25,000 sq ft of flexible and creative commercial workspace to be known as the Brew House.
Tom Dugay, office agency specialist at property consultants Alder King who are handling enquiries for the site, comments: “Last year we saw the return of speculative new build office development, with schemes now under construction at 66 Queen Square and 2 Glass Wharf in Bristol city centre, after a four year gap.
“We are now seeing the return of speculative office refurbishment after a similar period, as property owners and developers capitalise on the pent-up demand for flexible space.”