Places

SAW MILL

  • Bristol - Stokes Croft
  • Workspace & student accommodation
  • 40,000 sq. ft.
  • Freehold acquisition
  • Acquired 2013

TCN recognised in Stokes Croft an area with a strong creative community, but with limited options for those looking for a clustered work space. Β St James House is currently occupied by one company until 2019.

With its convenient location for Bristol University, TCN has gained permission to develop the rear of the building – currently a 10,000 sq. ft. car park – into a 105-bedroom student housing scheme.

The project was acquired with a combination of bank debt and equity. The running yield is 14% through to 2018, at which point significant capital value will be created through the redevelopment initiatives above.

CREATIVE PLACES FOR CURIOUS MINDS