07 June 2021
Midas to transform city centre block into modern office and retail space
A major office and retail space in the heart of Bristol is helping to renew the city’s business landscape as firms look to a post-Covid future.
Interest in quality office space is set to grow as lockdown restrictions are eased, with market reports suggesting that the sector will bounce back as working practices adapt to a new businesses environment.
To meet this need, Midas Construction has begun work on the £10.6 million office and retail refurbishment of the former Tower House, in Fairfax Street, close to The Galleries, with the new look building set to be renamed The Fairfax.
The development aims to offer a mix of office and social space, providing a cultural hub within the heart of the city. The revamp of the 14-storey, 71,000 sq ft office building will see substantial refurbishment across all floors, which not only includes offices but also a café and retail units on the ground floor, one of which will be a hot yoga studio.
Steve Hart, Divisional Director at Midas Construction, part of the Midas Group, said: “We are thrilled to be working on such an important refurbishment project for the city, which will provide companies looking for top quality office space with a modern and fresh working environment in the heart of Bristol. Despite the ongoing impact of the pandemic, demand for office space in the city is set to increase as businesses reassess how and where they operate from and we believe that The Fairfax is perfectly situated to meet that need.
“During what are, extraordinary times, we are proud to be working alongside our partners and our customers, Oval Real Estate, on this transformational project, which will be enjoyed by those living and working in the city for years to come.”
The scheme is being carried out with long-term partners and project managers NRP Consultants, on behalf of customer Oval Real Estate.
Work will include the construction of a new reception area with a café, the creation of new office spaces, redecoration and the transformation of all fixtures and fittings, including lifts and bathrooms as well as an extensive mechanical and electrical package.
The project will also see Midas Construction creating a new external façade, replacing windows and installing a new roof.
The project is already underway and is expected to be completed in early 2022.
James Craig, co-founder of Oval Real Estate, said: “We couldn’t be more pleased to partner with Midas on the reimagining of such a familiar fixture on the Bristol skyline. In delivering The Fairfax building next year, we’re aspiring to set a precedent for characterful office space post-COVID, offering superior amenity and working environment.
“We are also delighted to be at the forefront of the creation of this emerging new micro location for businesses in Bristol, so well connected, yet tucked away pocket in the heart of the city.”