News / welcome building

Bristol building crowned UK’s best commercial development

By Milan Perera  Friday Oct 17, 2025

A building in Bristol’s largest regeneration zone has been crowned Best Commercial Development at the annual Royal Institution of Chartered Surveyors (RICS) Awards.

Welcome Building, located in the Temple Quarter Enterprise Zone, has won the top accolade in the category, seeing off some stiff competition from some major schemes including Co-op Live Arena in Manchester, Fulham Pier and 8 Bishopsgate in London.

Opened earlier this year, the nine-storey, net zero building has already attracted major tenants such as DAC Beachcroft, with Unite Students set to occupy a floor later this year.

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The leading investment platform Hargreaves Lansdown is also due to move into the new development in future.

Welcome Building is located between Avon Street and Anvil Street in Temple Quarter Regeneration Zone

Located between Avon Street and Anvil Street, the development was lauded by the judges as “an exceptional commercial office development” that sets “a blueprint and benchmark in sustainability, wellbeing and community”.

They added: “Bristol now benefits from a building which has set a blueprint and benchmark in sustainability, wellbeing and community. Set over nine floors, this net zero building has enhanced the local area and raised the bar within its sector.”

Innovations such as linking the 200,000 sq ft development to the Bristol Heat Network were also noted by the panel.

Welcome Building has been crowned Best Commercial Development at the annual RICS Awards

Other notable winners of the night included the Natural History Museum, the Stephenson Building at Newcastle University and the Thames Tideway Tunnel.

The awards ceremony took place at the Hilton Park Lane in London on Thursday.

All photos: Welcome Building 

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