Global outsourcing company Teleperformance takes on new lease at Affinity owned Spectrum, a highly prominent office building in Bristol.Posted on 21st December 2018
Affinity owned Spectrum Bristol sees one of the largest office lettings in the city centre this year
Teleperformance, a leading global outsourcing company, has more than doubled its office space at Spectrum Bristol in one of the largest office letting deals in the city centre this year.
Affinity Global Real Estate worked with property consultancy JLL in Bristol and Asset Managers V7 to broker the new deal.
Spectrum Bristol is one of the city’s most prominent and distinctive office buildings fronting Bond Street and located opposite Cabot Circus.
Teleperformance has just over 300 staff in Bristol in total, who are currently based across both Spectrum Bristol and a site in Moon Street. The 225 staff at Moon Street will be moving across to Spectrum Bristol.
The firm has taken a further 15,190 sq ft in the building and re-geared its existing lease of 10,000 sq ft. Combined, this represents one of the largest deals of the year in the Bristol city centre office lettings market.
Since buying the building three years ago, Affinity have invested heavily in refurbishing the space.
Robert Whitton, Chief Executive Officer of Affinity Global Real Estate, the landlord of Spectrum Bristol, said: “In a market where demand for high quality offices is continually outstripping supply, the rolling refurbishment of Spectrum Bristol has helped to deliver much-needed modern, flexible workspace. It’s excellent news that Teleperformance has decided to invest in expanding its offices at Spectrum Bristol, representing a sign of confidence in the city.”
Hannah Waterhouse, director at JLL in Bristol, said: “This latest letting means the entire ground floor of Spectrum Bristol is now let and the landlord can now push the button on the refurbishment of the last remaining floor. Teleperformance’s previous site was very dated and spread across a number of floors, so the business can now benefit from a much better layout and a modern, high quality working environment.”
JLL is joint agents with Knight Frank at Spectrum Bristol and LSH manages the building. Compton Rose acted for Teleperformance in the deal.
Spectrum is a 114,000 sq ft six-storey office building with secure providing high quality, modern, flexible office suites from around 3,251 sq ft. The remodelled reception provides an open contemporary space and a spacious break-out area.
This landmark building is situated at the foot of the M32 within a quarter of a mile of Bristol Bus Station and 15 minutes’ walk from Bristol Temple Meads Railway Station.