RO Real estate secure new lease with PKF Francis Clark
RO Real Estate has secured a significant long-term commitment at 90 Victoria Street Bristol, completing a deal with existing occupier PKF Francis Clark. The transaction reinforces the building’s prime location on Victoria Street and RO’s vision for modernising the asset.
The agreement will see PKF Francis Clark expand within the building, relocating from the ground floor and securing a total of 12,960 sq. ft. across the second and third floors.
PKF Francis Clark is one of the South West’s leading independent accountancy and advisory firms, providing audit, tax and corporate finance expertise from its Bristol office and a wider regional network, supported by the global PKF International organisation.
They are expected to vacate the ground floor by the end of March, enabling RO Real Estate to commence a comprehensive refurbishment programme including the entrance and reception remodelling, upgraded and expanded end of journey facilities and a refurbishment of the ground floor to provide high specification, fully fitted, occupier ready office space. Installation of new PV Panels will also elevate the building to an EPC A with a target BREEAM rating of Excellent. The works are due to complete in September 2026.
RO Real Estate were represented by Knight Frank and Cushman & Wakefield. PKF Francis Clark were represented by Morton Property Consultants. Ed Davidson, Asset Management Director at RO Real Estate, commented:
“Securing this new lease with PKF Francis Clark is a strong endorsement of both the location and the building, alongside our vision for it.”
“We look forward to delivering best in class facilities for Francis Clark in their long-term Bristol home.”
90 Victoria Street comprises a detached office building built over four storeys and is prominently positioned on the main road just a few minutes’ walk from Bristol Temple Meads Station. The building is let to a group of well-known international occupiers including Tetra Tech Group Ltd, PKF Francis Clark LLP; and CGI IT Limited.
The RO is a family-owned group of companies established in 1932. The RO has always invested in a diverse range of interests which today embraces commercial property, housebuilding, and venture capital.
RO Real Estate, the commercial property division, has built over 1.1 million sq. ft. to date and currently manages over 300,000 sq. ft. of office, industrial, and roadside retail as well as its growing land bank of development sites. All acquisitions are funded through existing cash resources, meaning that the RO is able to move quickly if the appropriate investment criteria are met.
Its award winning Hampshire based housebuilder, Metis Homes, builds modern homes with traditional values and has created a diverse portfolio of bespoke, high-quality homes in prime locations – from traditional properties in rural settings to contemporary town centre schemes.
RO Capital Partners is the Group’s venture capital arm. Capital Partners is an active, early-stage investment partner principally focusing on: Proptech (the use of technology to innovate the built environment and real estate market); and Cleantech (solutions addressing the challenges of environmental sustainability and the transition to a low carbon economy).
RO Land was established in 2020 to build on the group’s existing successes in land acquisition and planning. Its objective is to add value to land by unlocking its development potential. It promotes greenfield and brownfield sites for a wide range of uses, including residential, commercial, and alternatives such as renewables. It has a long term investment approach which allows it to unlock sites that may be considered too difficult by other promoters.
The Group is committed to creating value for all stakeholders whilst also addressing environmental and social issues. This includes Pursuing a net zero strategy with the assistance of Rioto monitor the group’s carbon footprint.
RO Capital Partners actively invests in business opportunities with positive environmental and social impacts. RO Energy pursues projects in renewable energy including a 5 MW solar park in Milton Keynes. RO Group actively reviews its operating systems and supply chain to ensure that it consistently drives efficiencies, and works with other businesses that value diversity and sustainability
Andrew Stanton CEO Proptech-PR
