A developer has submitted plans to redevelop a Bristol office building overlooking the Bearpit roundabout into student flats - within two years of shelling out millions on refurbishing its asset. Melburg is looking to repurpose the former South Plaza office block on Marlborough Street, now known as 360 Bristol, into a £100m student scheme providing 370 beds.
The venture capital firm acquired the eight-story building along with fellow real estate business Angelo Gordon in 2019. The following year it secured planning approval - reportedly five weeks after submitting its application to Bristol City Council - for a substantial refit, including modern Grade A workspace, a café and a gym.
The London-based company said at the time the Bristol office market was experiencing a period of “unprecedented tenant demand”. A number of NHS organisations currently occupy the 360 Bristol building, which according to its website has four of its eight floors fully let.
