BT agrees prelet of new Bristol office

AXA Investment Managers – Real Assets has prelet 201,000 sq ft at its Bristol commercial scheme to BT.

The tech giant has taken the entirety of Building A, which is an 11-storey block due to complete next year, on a 20-year lease.

It forms the first phase in a 320,000 sq ft development known as Assembly, located a short walk from Bristol city centre. Groundwork is set to commence shortly on two further office buildings of 28,000 sq ft and 92,000 sq ft.

BT is undergoing a UK-wide consolidation programme that has also seen it