Bristol Office Acquisition for Ardstone Capital
Forsters has advised new client, Ardstone UK Regional Office Fund, managed by Ardstone Capital, on the acquisition of a newly refurbished office building in central Bristol from Loxton Developments.
The building, at 90 Victoria Street, is located in Bristol's central office core. It is part-let to UK accountancy firm, Mazars LLP, with a further 18,006 sq ft of newly refurbished office space available to let.
90 Victoria Street is the twelfth acquisition for the fund, a programmatic venture funded by clients of CBRE Global Investment Partners.
Nick Cashmore of Ardstone Capital comments “We are delighted to complete the acquisition of 90 Victoria Street, Bristol which represents another strong addition to the Ardstone UK Regional Office Fund and the first in Bristol. The purchase is in line with our strategy to focus on high quality office buildings where there is a potential to drive income in the strongest UK office markets. We continue to seek new additions to the fund that underpin our investment strategy.”
Commercial Real Estate partner, Andrew Crabbie, led the team advising on the sale, assisted by Owen Dutton with advice on planning matters from Matthew Evans.