Investment platform Hargreaves Lansdown (HL) has expanded its new headquarters in Bristol by signing a long-term lease for an additional 26,303 square feet at the Welcome Building in Temple Quay. The deal brings HL's total occupancy to four floors, representing approximately 58 percent of the building.
The expansion comes less than a year after HL relocated its 2,000-strong workforce to the site near Temple Meads station, ending a 40-year presence on Anchor Road. The Welcome Building, a high-spec office block that opened last year, has quickly become a hub for major employers in the city.
Strategic Growth and Sustainability
Gary Logan, chief operating officer at HL, said: “We’re proud to continue investing in the city through our new headquarters at Welcome Building. The building’s great location, excellent transport links, high-quality, sustainable workspace and strong ESG credentials provide an exceptional environment for our team and support the next stage of our growth.”
The building was developed as a joint venture between investment manager Tristan Capital Partners and real estate firm Trammell Crow Company (TCC). Designed by Darling Associates Architects and constructed by Wates, it features a unique ground-floor 'street' with a café-bar, break-out seating areas, work and event space, and a 3,000 sq ft state-of-the-art gym and wellness facility.
High Occupancy and Tenant Confidence
Following the HL deal, the Welcome Building is now 91 percent let. Other tenants include law firm DAC Beachcroft, which occupies 44,196 sq ft, and Unite Students, the UK's largest provider of purpose-built student accommodation, which relocated its headquarters to the property last year.
Toby Pentecost, senior vice president and head of UK offices at Trammell Crow Company, said: “We’re delighted that Hargreaves Lansdown has chosen to take the fifth floor at our multi-award-winning Welcome Building. Having the confidence of such a renowned British and Bristol-based business reinforces our early decision to create a workplace that would set the bar for the city in terms of its sustainability, wellbeing focus, flexibility and workplace experience.”
Market Endorsement
James Brodie, managing director at Tristan Capital Partners, added: “Welcome Building has firmly established itself as one of the UK's leading office developments. Hargreaves Lansdown's decision to expand its footprint is a strong endorsement of the building's quality and the environment it provides for businesses to grow and thrive.”
Alder King and Knight Frank are the leasing agents for Welcome Building, while Newsteer represented Hargreaves Lansdown in the transaction.
