Hargreaves Lansdown agrees deal to expand new Bristol HQ

The investment platform moved to the office block near Temple Meads station last year

Investment platform Hargreaves Lansdown (HL) has expanded its new headquarters in Bristol. The company has signed a long-term lease for a further 26,303 sq ft at Welcome Building in Temple Quay.

The news comes less than a year after HL announced it was relocating its 2,000-strong workforce to the new site by Temple Meads station after 40 years on Anchor Road.

The lease agreement means the firm will now fill four floors – or some 58 per cent of the building.

Gary Logan, chief operating officer at HL, said: “We’re proud to continue investing in the city through our new headquarters at Welcome Building.

“The building’s great location, excellent transport links, high-quality, sustainable workspace and strong ESG credentials provide an exceptional environment for our team and support the next stage of our growth.”

Welcome Building is a high-spec office block which opened its doors last year and has attracted some of the city’s major employers, including HL and law firm DAC Beachcroft.

The scheme was delivered as a joint venture between investment manager Tristan Capital Partners and real estate firm Trammell Crow Company (TCC).

The building was designed by Darling Associates Architects and constructed by Wates, and includes a unique ‘street’ on the ground floor; a huge lobby area with a café-bar; break-out seating areas; work and event space; and a 3,000 sq ft state-of-the-art gym and wellness space.

Following the HL deal, the building is now 91 per cent let out.

Toby Pentecost, senior vice president and head of UK offices at Trammell Crow Company, said: “We’re delighted that Hargreaves Lansdown has chosen to take the fifth floor at our multi-award-winning Welcome Building.

“Having the confidence of such a renowned British and Bristol-based business reinforces our early decision to create a workplace that would set the bar for the city in terms of its sustainability, wellbeing focus, flexibility and workplace experience.”

Other tenants include DAC Beachcroft, which has taken 44,196 sq ft, and Unite Students, the UK’s largest owner, manager and developer of purpose-built student accommodation, which relocated its headquarters to the property last year.

James Brodie, managing director at Tristan Capital Partners, added: “[Welcome Building] has firmly established itself as one of the UK’s leading office developments.

“Hargreaves Lansdown’s decision to expand its footprint is a strong endorsement of the building’s quality and the environment it provides for businesses to grow and thrive.”

Alder King and Knight Frank are leasing agents for Welcome Building, while Newsteer represented HL.