Bond Pearce has signed a deal to take 50,000 sq ft of space in a new Bristol development as the firm continues its attack on the South West market.
The deal, announced yesterday (Tuesday 27 April), was signed with Exeter-based developer Rokeagle and will see the firm move its entire Bristol office into a building at Temple Quay in Bristol’s commercial district, which in total spans 100,000 sq ft.
With its legal advisors King Sturge, Bond Pearce has negotiated a 17 and a half-year lease at an initial rent of £23.50 per square foot, giving the firm a total annual rent of £1.17m.
It is expected the building will be completed in early 2006.
This year, the firm took an extra 4,400 sq ft of space neighbouring its Bristol Bridge House premises to accommodate its burgeoning insurance division.
The deal comes amidst rapid growth in Bond Pearce’s Bristol office, which opened in 1998 with one partner, and today turns over around £11 million.