Real Estate experts from Burges Salmon have advised Skanska on the sale of 66 Queen Square in Bristol to Aviva Investors Property Trust. The sale exchanged on Friday 19 June 2015, with the Burges Salmon team advising on all legal aspects of the transaction.
The entire development at 66 Queen Square, which combines a new five-storey building integrated with a fully modernised and refurbished grade II-listed Georgian terrace building, totals 61,500 sq ft, 52,000 sq ft of which will be occupied by KPMG following its pre-let in January this year and the balance of the ground floor being pre-let to Handelsbanken.
Andreas Lindelöf, Managing Director Development, Skanska UK, said: “This is a fantastic result for us. We started this speculative development in 2013, confident that the timing was right for the Bristol office market, and we have been proven correct. Burges Salmon has assisted us with the letting and sale of 66 Queen Square and our thanks go to the firm for its help in achieving this milestone.”
Burges Salmon Real Estate partner Ross Polkinghorne said: “We are delighted to have helped our long-standing client Skanska secure the sale of this exciting new building in the centre of Bristol. Our team has worked with Skanska throughout the project and it is particularly rewarding to see the deal come to fruition for all parties.”