The facility refinances an existing development loan and is the first transaction between the two parties.

The 73,000 sq ft grade A office scheme  — situated in premier business park Aztec West — was completed in December 2023, and includes a 1,300 sq ft gym and wellness facility.

1000 Aztec West, the all-electric building — which achieved a BREEAM Excellent and EPC A rating — is powered by renewable energy and boasts energy-efficient heating, cooling, and lighting systems.

The property saves circa 1.7 million kg of embodied carbon.

Ian Burdett, on the real estate team at Investec, commented: “This loan reflects our conviction that high quality, thoughtfully designed, and sustainable offices — located in catchment areas with compelling fundamentals — will be highly sought after and command the highest rents.

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“Offering city centre quality design, 1000 Aztec West is a unique proposition for occupiers that recognise how important the physical environment is in talent acquisition and retention.
 
“This first transaction with CEG, a leading regional real estate investor and developer, aligns with our focus on establishing new borrower relationships, which is key to our continued loan book growth.”

Paul Richardson, investment manager at CEG, added: “1000 Aztec West was redesigned with modern tenants’ key requirements in mind.

“From environmental sustainability and data connectivity, to the wide variety of onsite facilities designed to maximise staff wellbeing, we have delivered city-centre specifications not seen in out-of-town Bristol before.

“Investec’s loan shows a commitment to a creative type of lending and has provided a pathway that will allow the property’s value to be maximised.”