News / redevelopment
Multimillion-pound redevelopment of landmark building to begin in summer
Plans to redevelop one of Bristol’s most distinctive buildings have been given a major boost after securing a multimillion-pound loan.
Work will begin at Canons Wharf in summer and is expected to complete in late 2027.
The redevelopment is expected to transform the two buildings on the harbour, known by their nicknames ‘doughnut’ and ‘banana’, with no fundamental changes to their structure.
Completed between 1988 and 1991, Canons House was designed by Arup Associates and built by Bovis Construction.
Standing next to the popular concert venue of Lloyds Amphitheatre, the site will include a gym, rooftop pavilion and publicly accessible waterfront space – photo: Kinrise/Mactaggart Family & Partners
The building was granted Grade II-listed status in 2022 in recognition of its structural significance and its wider role in the regeneration of Bristol’s historic docks.
There had been previous speculation that the former regional headquarters of Lloyds Banking Group could be converted into hundreds of flats.
However, those fears were short-lived as the site was earmarked for offices.
Once complete, the scheme will deliver 165,000 sq ft of flexible office space and 18,000 sq ft of food and beverage units.
The former regional headquarters of the Lloyds Banking Group on the harbour was given Grade II listed status in 2022 – photo: Milan Perera
Standing next to the popular concert venue of Lloyds Amphitheatre, the site will include a gym, rooftop pavilion and publicly accessible waterfront space.
Designed as a low-carbon retrofit, the development will target leading sustainability standards and incorporate green energy solutions, including water-source heat pumps and solar panels.
Puma Property Finance has provided a £74m loan to the joint venture between Mactaggart Family & Partners (MF&P) and Kinrise to support the redevelopment of the Grade II-listed waterfront building.
Once complete, the scheme will deliver 165,000 sq ft of flexible office space – photo: Kinrise/Mactaggart Family & Partners
William Laxton, chief executive at Mactaggart Family & Partners, said: “Canons Wharf will be a market defining scheme that rewards us for our conviction during a challenging time for the UK office sector.
“We are grateful for the trust the Puma team have placed in our JV with Kinrise and really proud to be delivering this project into one of the most exciting occupier markets in the country.”
Main image: Kinrise/Mactaggart Family & Partners
Read next:
- Green light given for major build-to-rent scheme at historic sawmills
- Final Bristol Sounds 2026 headliner announced
- ‘Landmark’ building to remain as office space
Our newsletters emailed directly to you
