CBRE Investment Management Completes First Letting at Bristol Office Scheme

CBRE Investment Management has signed the first leasing agreement at One Hundred, its BREEAM Outstanding newly refurbished office scheme in Bristol, UK, with RSA Insurance.

RSA Insurance (“RSA”) has signed for 7,668 sq ft of office space on the sixth floor of the building, which has recently been redeveloped by CBRE Investment Management (“CBRE IM”) to the highest specification with excellent sustainability credentials.

Located on Victoria Street in Bristol, One Hundred offers 57,465 sq ft of exceptional office space, having undergone a complete redevelopment that enlarged the existing 34,000 sq ft building and placed energy efficiency and wellness at the heart of its design.

One Hundred prioritises the wellness and productivity of occupiers with natural light, high specification end-of-journey facilities, including 125 secure bike spaces, electric car charging points and luxury changing facilities. The building combines outstanding workspace with contemporary finishes, exemplified by the double height entrance, spacious reception and informal meeting areas which create an exceptional first impression.

The building has achieved the highest sustainability and connectivity standards, including BREEAM Outstanding¹, WiredScore Platinum², ActiveScore Platinum³, Fitwell 2 star⁴, EPC⁵ A and Net Zero Carbon⁶.

One Hundred is situated in a prominent location on the corner of Victoria Street and Temple Way, in the heart of Bristol’s Temple Meads office district and within five minutes’ walk of Temple Meads Station.

Alix Mills, Senior Director at CBRE IM, commented: “We welcome RSA Insurance to One Hundred, whose decision to call the building home demonstrates the success of our ambitious vision to create an inspiring working environment and long-term sustainable future for the building.

“The Bristol office market has experienced prime rental growth of 13% since the end of 2019, and this growth is expected to continue. We look forward to capitalising on such strong demand for high quality office space by welcoming further occupiers to One Hundred in due course.”

Deena Hemming, Trading Director – South at RSA Insurance, added: “Premium quality, flexible and modern office space, which One Hundred Victoria brilliantly showcases, is not only beneficial to our people, but also helps us improve service, trade better and create stronger relationships with our broking partners. It’s our ambition to become the best Commercial and Specialty lines insurer in the UK by the end of next year, ultimately brokers will decide if we achieve this and leading office facilities is one of the many tools that can help us towards this goal.”

About CBRE Investment Management
CBRE Investment Management is a leading global real assets investment management firm with $144.0 billion in assets under management* as of March 31, 2024, operating in more than 30 offices and 20 countries around the world. Through its investor-operator culture, the firm seeks to deliver sustainable investment solutions across real assets categories, geographies, risk profiles and execution formats so that its clients, people and communities thrive.

CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world’s largest commercial real estate services and investment firm (based on 2023 revenue). The company has more than 130,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE’s data and market insights, investment sourcing and other resources for the benefit of its clients. For more information, please visit www.cbreim.com.

*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Investment Management provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Investment Management’s presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers and from its calculation of regulatory assets under management for purposes of certain regulatory filings.

About RSA Insurance
RSA Insurance is a multinational insurance group. We are one of the world’s oldest general insurers, providing peace of mind to individuals and protecting small businesses and large organisations from uncertainty. We use our capabilities to anticipate and improve outcomes for customers. We have established businesses in the UK, Ireland and continental Europe.

In 2021, the former RSA Group Plc came under new ownership and is now a wholly-owned subsidiary of Intact Financial Corporation.