BMT – the design, engineering and management consultancy company who are based in Bath – have pulled out of the £65 million pound Bath Quays South Project.
A statement from Bath and North East Somerset Council says they have been informed – ‘that BMT have decided to withdraw as an anchor tenant for the Bath Quays South Office Building for business reasons. ‘
They were going to base their regional headquarters at the site. The company is already located at South Quays and employ around 500 people. The other member of the partnership is creative workspace provider TCN.
The scheme is in three parts – the grade A office accommodation, creative flexible workspace in the Newark Works building, and residential apartments.
The Council statement continues: ‘Given the acute need for business space in the city, by 2018, Bath Quays South remains a great opportunity to make available 45,000 sq ft of Grade A office.
As well as strong demand from businesses in Bath which are growing rapidly and part of the city’s digital and creative boom, there is interest from outside the city too. Discussions with agents and local businesses about their ongoing growth requirements are extremely positive.
Alongside the new office building, the refurbished Newark Works building will offer new flexible business spaces focussed on the creative sector.
Regeneration specialists TCN are encouraged by the interest in the Newark Works building and remain committed to the overall Bath Quays South scheme.
Matt Cross, Chief Executive of Invest in Bristol and Bath, explains: “We know that local, national and international investors who would like to locate in the West of England region are positive about bringing their businesses to Bath. The prospect of quality office buildings will be extremely attractive and we are already managing enquiries for this opportunity.”