Block Workspace takes 21,000 sq ft at Oval’s Fairfax in Bristol

Oval Real Estate has secured serviced office operator Block Workspace for its 15-storey Fairfax development in Bristol. The firm has signed a 15-year lease on 21,325 sq ft of space covering second, third, fifth and 12th floors in the building. Block has also taken on the management contract for the building, which includes reception services and events and meeting space management. Rents at the Fairfax, which is located close to Castle Park and the Old City, range between £38 per sq ft and £42.50 per sq ft, depending on fit-out. The 66,667 sq ft building has recently undergone a full refurbishment with roof terraces, an exercise studio, a coffee lounge, meeting rooms as well as cycle and changing facilities. Ben Cheriton, managing director at Block, said: “We are dedicated to providing innovative, flexible co-working and office spaces that cater to the evolving needs of modern professionals. We prioritise the wellbeing and satisfaction of our members through genuine interactions, community-driven events, and an efficient, professional service.” Hannah Waterhouse, office leasing director at JLL, which with HTC jointly advised Oval, said: “This transaction not only highlights the dynamic market trends in Bristol but also emphasises the demand from tenants seeking office spaces that offer a prime central location paired with amenities. The Fairfax, coupled with Block Workspace’s offering, provides an enticing array of options for occupiers in search of premier and flexible spaces within this building.” Lettings in Bristol >>  Image © JLL