Wates has won the £35m main contract to build out Salmon Harvester’s seven-storey speculative office development in Bristol.
Balfour Beatty had been carrying out pre-construction work including ground works to create a basement car park and a new ground floor slab.
Salmon Harvester – a £150m joint venture between NFU Mutual and Salmon Harvester Properties – was set up in 2007 to acquire and manage commercial investments around the country.
2 Glass Wharf, a 0.3 acre site adjacent to Bristol Temple Meads Station, has planning consent for 145,000 sq ft gross of headquarter office space, along with ancillary retail and restaurant use on the ground floor.
Wates Construction southern home counties and south west business unit director Gary Campbell-Dykes told Construction News the 2 Glass Wharf project was “indicative of the increasing investment in construction projects from the commercial sector.”
“We are delighted to have been appointed as main contractor to 2 Glass Wharf and thus continue our role in the city’s changing landscape,” he added.
The NFU Mutual and Salmon Harvester Properties JV acquired 2 Glass Wharf in November 2011 from PWC and Lloyds Bank as part of the Castlemore Plc administration.
It is the first phase of the firm’s Bristol development plans, with three adjacent sites under Salmon Harvester ownership.
Salmon Harvestor’s seven-storey project will see 100,000 sq ft of office space, with construction due to begin in September and a targeted completion date of mid-2014.
The scheme the first speculative commercial development in the city since 2009, and a marketing campaign has been launched to find prospective tenants.
It will sit within the Bristol Temple Quarter Enterprise Zone, which last year secured £20.8m in local infrastructure funding to improve access between the sites.
Skanska Project Development has also recently started on site at the nearby 66 Queen Square – a 61,000 sq ft speculative commercial project.
Skanska acquired that site in October 2012, and expects to complete in 2015.