Canons House is a Grade II listed property comprising two buildings – the Doughnut and Crescent, totalling 181,876 square feet – and its sale is a worthy winner of a CoStar Impact Award, given the impact it is likely to have on Bristol.
Designed by Arup, it served as the headquarters of Lloyds Banking Group. The property achieved the Grade II listed status in 2022 owing to its post-industrial repurposing of the Bristol docks and post modern architectural design which is a combination of bold geometric forms and local motifs.
About The Project: Longstock Capital and Mactaggart Family & Partners have bought the freehold interest in Canons House, Canons Way in Bristol from Lloyds Bank. Lloyds relocated its staff to 10 Canons Way in the first half of 2022.
The buildings will undergo an extensive refurbishment, which is anticipated to complete in 2025. The comprehensive ESG retrofit that targets EPC A and BREEAM Outstanding accreditation.
What The Judges Said: Andrew Pearce, Pearce Property Consultants was enthusiastic about the building: "This is going to be the most impactful project of the nominations. It’s such an iconic building which regenerated the dockland area of Bristol and to see it being recycled for the next chapter of its life is a fantastic result for Bristol. One of the youngest listed buildings in the country, it has been saved for posterity." Hannah Waterhouse, director, office agency, JLL agreed: "Iconic Bristol office buildings representing a large proportion of office space in the market, to be kept and improved as office space and sold in a very challenging market where office space has taken the largest hits deserves recognition. After an abortive sale this went through at a time where nothing much else succeeded showing faith perhaps in the Bristol office market and risk/reward factors from the purchaser."
They Made It Happen: Andrew Phillips, director, UK Investment, Savills.