Orchard Street completes 6,500 sq ft letting to technology leader Arm at 10 Templeback, Bristol
27 November 2023
Orchard Street Investment Management announces that it has agreed a letting with UK-headquartered technology leader Arm to 10 Templeback, Bristol.
Founded in 1990, Arm is the foundation of the semiconductor industry, with nearly 6,000 employees across 25 offices worldwide. With its headquarters in Cambridge and other UK hubs including Manchester and Sheffield, Arm’s new office at 10 Templeback marks further expansion in the UK and is the company’s first office in the South West.
Alex Hardwick, Asset Manager at Orchard Street commented: “We were able to offer Arm a fully fitted, flexible product that had only just recently completed and is testament to the quality of the space and the building. We look forward to working with Arm as they grow into the space.”
Seonaid Butler, of CSquared, who acted on behalf of the Landlord commented: ‘Tech has undoubtedly been one of the fastest growing sectors in Bristol over the last 5 years and the city now boasts many notable tech giants and unicorns, largely down to its fantastic universities and the skilled workers that the city attracts. We are very excited to welcome Arm to 10 Templeback and Bristol – they are a great addition to the building and the city, and we look forward to seeing their continued success.”
Gary Campbell, Executive Vice President, Central Engineering at Arm said: “Arm is committed to attracting the world’s very best engineers, who have a passion for working on technologies that are building the future of computing. Bristol is a fantastic city brimming with engineering talent, and our new offices at 10 Templeback will provide a bright, fully fitted, and collaborative space in an ideal location as we continue to grow our team in the city.”
Cat Collis, from JLL who represented Arm said: "It is so encouraging to see a company of this calibre come to Bristol and create jobs. 10 Templeback is a fantastic workspace which will encourage recruitment and innovation and we look forward to watching Arm expand further in the future”.
10 Templeback is also home to a high-quality mix of occupiers including NFU, Bishop Fleming, Mott MacDonald and Forrest Brown. Orchard Street will shortly be refurbishing 22,000 sq ft on the 4th floor, alongside a comprehensive redesign of the reception and installation of a new shower block which will boost the existing amenity in the building and Templeback’s ESG credentials.
CSquared Real Estate and LSH act on behalf of the Landlord.
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About Orchard Street Investment Management
Established in 2004, Orchard Street Investment Management LLP is a leading specialist commercial property investment manager, focused on the UK market with £2.7 billion of AUM (as at 30 June 2024). It acts on behalf of institutional clients world-wide to advise on investing in and the active management of property assets, including industrial warehouses, retail warehouses, and offices.