Places

ST JAMES HOUSE

  • 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.  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