TLT has completed the sale of the former Avon Fire & Rescue headquarters at Temple Back, Bristol.
Avon Fire Authority announced it was moving its headquarters to Portishead in September 2017 to reduce overheads and provide staff with a modern office that reflects current needs.
The deal means that this prime location – in Bristol's central business district and opposite mixed use development scheme Finzels Reach – is now available for development.
A specialist team of public sector and real estate experts from TLT managed the transaction, including head of public sector Andrew Glynn and real estate associate, Ed Pitt, working in partnership with the authority’s in-house solicitor, Guy Goodman.
Guy Goodman, clerk to the Fire Authority, says: "I was pleased to have the opportunity to work with TLT to bring a successful conclusion to what was an important disposal for the authority to enable us to fund redevelopment plans for the rest of our estate. TLT’s expertise enabled us to safely navigate some difficult issues."
Andrew Glynn, senior partner and head of public sector at TLT, says: "Real estate asset management can be central to improving operational efficiencies, particularly in the public sector where budgetary pressures remain high. We are delighted to have assisted Avon Fire Authority with the successful completion of this high profile transaction in Bristol's central business district. Our Bristol office is nearby and we look forward to seeing development take place, helping to meet increasing demand for new residential and commercial property in the Bristol market."