Rolls-Royce has secured a major office letting in north Bristol - the largest out-of-town deal in the city this year.
At the end of last year it was reported that Rolls-Royce, the engine manufacturing group which produces parts of cars and planes, was on the hunt for premises of around 100,000 square feet in Bristol.
CoStar News understands that the firm recently wrapped up a deal to take the whole of 100 Bristol Business Park in a circa 86,000-square-foot letting at the office scheme owned by Aviva Investors.
The deal involves Rolls-Royce subletting the accommodation from Babcock, the British aerospace, defence and nuclear engineering services company, which prelet 132,000 square feet at Bristol Business Park in 2020.
Babcock's lease at the property runs until February 2028.
The deal is understood to be the largest in the Bristol-out-of-town market this year, joining other sizeable deals such as EDF Energy's letting at 1000 Aztec West.
That transaction involved the British arm of French energy group EDF letting the entirety of the CEG office development, which comprises around 79,000 square feet.
Peter Musgrove, executive director and head of South West & Wales for LSH, said: "We are delighted to complete the letting to Rolls-Royce of 100A Bristol Business Park on behalf of Babcock.
"Along with Babcock, Boeing, Tesco’s and Starbucks, the estate is now fully let and is further evidence of the strength of Bristol Business Park as a location.
"This is the largest deal in Bristol for 5 years and bucks the national trend of relocating into city centres, which shows for certain sectors the out-of-town market remains attractive."
Aviva Investors declined to comment. LSH acted for Babcock while Rolls-Royce was unrepresented.