Lockton, advised by Savills, is moving to new, larger office accommodation within Bristol as it relocates from North Quay House to the newly refurbished prime Bristol waterside location of Two Trinity Quay.
Lockton, the world’s largest independent insurance brokerage, will occupy the penthouse 6th floor at Two Trinity Quay, taking 5,287 sq ft (491 sq m) of office space on a 17 year lease term at a rent of £150,680 per annum, reflecting £28.50 per sq ft.
Two Trinity Quay was comprehensively refurbished by the landlord approximately 12 months ago and provides six floors of Grade A open plan office accommodation on Temple Quay, in close proximity to Bristol Temple Meads Station.
“We are delighted to be moving our Bristol office to Two Trinity Quay, whilst we continue to grow and attract the best insurance industry talent in the region,” said EJ Hentenaar, Partner and Head of Global Professional & Financial Risks.
“Bristol City plays a key role in our growth aspirations for Professional and Financial Lines business and this new home will provide Lockton Associates with a first-class environment to serve and host our clients and insurer partners. We look forward to seeing them all there as soon as Covid regulations permit.”
Harry Allen, Associate Director in the office agency team at Savills Bristol, adds: “Our client’s objectives were to acquire larger premises to support the growth of their Bristol office and at the same time upgrade the quality of their accommodation, we are pleased to have concluded this acquisition on attractive commercial terms following an exhaustive search of the market during the course of 2020.”